Cement News tagged under: Arabian Cement Co

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Arabian Cement’s positive energy

19 February 2020, Published under Cement News

Following its response to Egypt’s 2014 energy crisis, Suez-based producer Arabian Cement Co (ACC) has become a pioneer in the field of industrial energy efficiency. Having made the switch from natural gas to solid fuels the company has since placed even more emphasis on improving its energy performance as well as signing a private solar energy power purchase agreement, the largest of its scale in the country. By Arabian Cement Co, Egypt. The story behind ACC’s drive to enhance its ind...

Arabian Cement Co adjusts completion date for Rabigh plant

17 December 2019, Published under Cement News

On the back of project delays, Arabian Cement Co announced earlier this year that its new grinding plant in Rabigh, Saudi Arabia, was due for completion in the 1Q20 with commercial operations expected to begin in the following quarter. The company says the cement mills in Rabigh are 99.4 per cent completed. However, this has now been pushed back further. Commercial operations have now been projected to begin in the third quarter of 2020. The second phase of building of the clinker line...

Arabian Cement sees reduced profit in the 9M19

18 November 2019, Published under Cement News

Egypt’s Arabian Cement Co has reported an 85 per cent YoY fall in profit to EGP32.9m (US$2.04m) in the first nine months of 2019, compared to EGP214.8m in the year-ago period. The company’s standalone results declined to EGP32.58m in the 9M19, down from EGP215.1m in the corresponding period of 2018.

Arabian Cement's Rabigh plant to begin operations in 2Q20

27 September 2019, Published under Cement News

Construction work on Arabian Cement Co’s grinding plant in Rabigh, Saudi Arabia, is now 99.3 per cent complete. Full completion is due in the 1Q20 and commercial operations are scheduled to begin in the second quarter of next year. The company has stated that the contractor’s failure to comply with the schedule had caused project delays, according to a stock market filing. However, the delay in construction work has not affected the costs associated with the project and is not expected to...

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 ...