Cement News tagged under: Al Jouf Cement

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Al Jouf signs clinker supply agreement with Jordanian producer

06 March 2014, Published under Cement News

Saudi cement producer and trader Al Jouf Cement said in a bourse statement that it has signed a SAR28m (US$7.5m) agreement with Jordan-based Al Rajhi Cement, under which the latter will supply clinker to Al Jouf Cement.

Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia

28 January 2014, Published under Cement News

Al Jouf Cement posted weak fourth-quarterly financial results, with earnings declining by 74.59 per cent YoY and 16 per cent QoQ  to SAR6.1m (US$1.6m). The results missed Al-Rajhi Capital estimates of SAR22m and consensus forecast of SAR20m. Al-Rajhi believes that the company’s weak performance was a result of a decline in the value and volume of sales due to sluggish cement demand during the quarter following government’s initiatives to expel 2m illegal expatriate labourers which led to t...

Kiln to close at Saudi Arabian Cement Co

20 December 2013, Published under Cement News

Saudi cement producer and trader Al Jouf Cement said in a bourse filing it will shut down its production Kiln line 6 for scheduled maintenance from 21 December until 7 January. The cement company said that the stoppage will not impact its ability to meet contractual obligations to clients, adding it will announce its cost later.

Al Jouf begins trial production of new line, Saudi Arabia

16 December 2013, Published under Cement News

Al Jouf Cement has launched trial operations of its second production line, the Saudi-based cement producer said in a bourse statement. The new kiln line has a clinker capacity of 5000tpd. In late October, the company had signed an agreement with Al Rajhi Bank for a SAR400m (US$106.7m) loan to partially finance the construction of the new line, to be repaid by June 2019.

Saudi’s Al Jouf signs US$106.7m loan with Al Rajhi Bank

01 October 2013, Published under Cement News

Saudi cement producer and trader Al Jouf Cement has signed an agreement with the country’s largest Islamic bank Al Rajhi Bank for a SAR400m (US$106.7m) loan to partially finance the construction of a second production line. The loan is to be repaid by June 2019. At present, the company has a production capacity of 1.75Mta.

Saudi cement market records further volume expansion

30 September 2013, Published under Cement News

Saudi cement companies saw profits rise 8.2 per cent as cement demand in the kingdom continued to expand on the back of large projects, said Global Research in its June 2013 report. Cement demand in the 1Q13 stood at 15.5Mt compared to 14Mt in the same period last year. Saudi Cement and Southern Province Cement lead the sales volume rankings, resulting in market shares of 15.7 and 13 per cent, respectively. Cement output rose 16.3 per cent to 13.1Mt while clinker production increased 9...

Al Jouf undertakes unscheduled kiln maintenance

20 September 2013, Published under Cement News

Al Jouf Cement has temporarily halted its production line for unscheduled maintenance until 5 October, the Saudi-based company said in a statement to the bourse. Al Jouf Cement said that the shutdown will cost SAR18m (USD 4.8m/EUR 3.5m), but will not impact its ability to meet contractual obligations to clients. The company also stopped production in the last two weeks of June for unscheduled maintenance.

Al Jouf Cement appoints director general, Saudi Arabia

10 September 2013, Published under Cement News

Al Jouf Cement has appointed Eissa Baissa as director general, effective 15 September 2013. Prior to joining Al Jouf, Baissa was general manager of one the cement companies operating in Saudi Arabia, Al-Jouf said without disclosing the name. Al-Saleh has a Bachelor Degree in mining engineering from King Abdullah University of Science and Technology, and a Ph.D. in business administration from University of Atlanta, Georgia, USA.

Al Jouf Cement halts production for maintenance, Saudi Arabia

17 June 2013, Published under Cement News

Al Jouf Cement is to halt production for two weeks for unscheduled maintenance work, the company said in a statement on the Saudi bourse website. The cement producer will stop production from 17 June to 30 June according and the maintenance process is expected to cost about SAR6m (US$1.6m) which will be reflected in its second quarter financial results. Al Jouf highlighted that the stoppage will not have any impact on its ability to meet its customers’ requirements. Al Jouf Cement is p...

Box Int'l to provide technical services for new Al Jouf expansion, Saudi Arabia

02 October 2012, Published under Cement News

Box International Consulting LP, a Texas, US-based cement industry consulting firm, announced today that they been issued a Grant of Authorisation by Saudi Arabia-based cement producer Al Jouf Cement Company to provide a variety of technical services at its plant located in Turaif, Saudi Arabia. Al Jouf Cement currently owns a 5000tpd cement plant and is building a second line with the same capacity. The third line, which Box International is to assist in developing, is also set to have a c...