Cement News tagged under: Arabian Cement Co

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Arabian Cement Co signs petcoke supply deal

05 August 2019, Published under Cement News

Egypt’s Arabian Cement Co has signed an agreement with Egyptian Refining Co, a subsidiary of Qalaa Holdings, for the supply of 272,155t of petcoke. "This agreement aligns with Arabian Cement Co’s efforts to reduce production costs, and highlight our leading market position in implementing projects and signing agreements with key industry partners," said Sergio Alcantarilla, CEO of ACC. According to Mr Alcantarilla, the agreement will help diversify the company's energy sources and result...

Arabian Cement posts 24% revenue increase in 2018

26 March 2019, Published under Cement News

Egypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4 per cent to EUR11.9m for the year. The results show that, despite a depreciation in the Egyptian pound, Arabian Cement has remained profitable. It distributed over EUR10m in dividends in 2018.

Arabian Cement records net loss in 2018

04 March 2019, Published under Cement News

Arabian Cement has recorded a SAR26.2m (US$6.98m) loss for the full-year 2018 period, compared with a SAR262.7m net profit of the previous year. The Saudi producer has attributed the loss to a drop in average selling prices, lower sales, higher financing expenses and zakat provision, according to the company’s statement to the Saudi Stock Exchange. Sales declined 34 per cent to SAR600.7m in 2018, falling from SAR905.7m in 2017. The 4Q18 saw the company’s profit drop 83.2 per cent YoY to SA...

Arabian Cement’s 20 by 2020

20 February 2019, Published under Cement News

To diversify its fuel use and ensure stable plant operation, Arabian Cement Co introduced alternative fuels (AFs) on Line 2 at its plant in Suez, Egypt. Following its initial success, the company decided to lift its thermal substitution rate (TSR) by installing a hotdisc AF system on Line 1 as it aims to raise its TSR to 20 per cent by 2020. By Saeed Abou Hussein, Arabian Cement Co, Egypt. To ensure a reliable and stable fuel supply, Arabian Cement Co converted its single-fuel ceme...

Qassim Cement records fall in net profit for 1Q18

19 April 2018, Published under Cement News

Saudi Arabia’s Qassim Cement Co has announced a 28.7 per cent YoY fall in net profit for the 1Q18, decreasing to SAR57.2m (US$15.25m) from SAR80.2m. Total sales of the company dropped 22.6 per cent to SAR147.9m, compared with SAR191.1m of the year-ago period. Elsewhere, EFG Hermes has forecast that Arabian Cement Co will post a SAR57.6m net profit for the first quarter of 2018. While Eastern Province Cement Co has been predicted to record a SAR32.27m net profit, according to the investment ...

Arabian Cement postpones Rabigh grinding operation

12 October 2017, Published under Cement News

Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17. Construction on the project is still ongoing and according to a statement to the Saudi Stock Exchange, the delay is attributed to the contractor who does not commit to the scheduled deadline. The financial impact of the new facility is difficult to determine as it depends on supply and demand in the cement market, said the ...

Arabian Cement wins energy management award

16 June 2017, Published under Cement News

Egypt-based Arabian Cement Company (ACC) has been honoured with the ‘2017 Award of Excellence in Energy Management’ by Clean Energy Ministerial (CEM8), a high-level global forum that promotes policies and programmes to advance clean energy. CEM8 energy ministers presented the award to Mahmoud Mohsen, director of the energy department at ACC, at the annual CEM meeting in Beijing, China, earlier this month. The Award of Excellence in Energy Management recognises efforts by organisations...

Arabian Cement to start Rabigh grinding unit operations in 4Q17

22 November 2016, Published under Cement News

Arabian Cement Co reported construction at its Rabigh grinding facility is ongoing. However, in a bourse filing the company said it expected commercial operations at the unit to start in 4Q17.

China National Building Material Co Ltd (CNBM)

29 April 2015, Published under Cement News

Arabian Cement Company has appointed CNBM to supply and install two new mills at its cement plant in Rabigh. The contract, which includes all engineering, construction and electrical and mechanical works is reportedly worth US$96.5m. The project is expected to complete in 13 months. In Saudi Arabia, CNBM has already completed first and second line projects for Northern Region Cement Company and is currently undertaking a turnkey project to Southern Province Cement to include a 5000tpd cli...

Arabian Cement Co recommends SAR3.25 cash dividend

06 January 2015, Published under Cement News

The management board of Arabian Cement Co (ACC) has recommended to shareholders a cash dividend of SAR3.25 (US$0.866) per share for the first half of 2014. The dividend translates into a total payout of SAR325m (US$133.5m). If approved, the dividend will be paid to shareholders registered at the close of business on 30 June. In mid-October 2014, ACC said its net profit rose 67.6 per cent YoY to SAR500.9m (US$133.4m) for the first nine months of last year.