Cement News tagged under: Arabian Cement Company

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Saudi Arabian producers report 15% decline in net profit

07 May 2021, Published under Cement News

Saudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho...

FLSmidth to upgrade Arabian Cement's Rabigh plant in 4Q21

30 April 2021, Published under Cement News

FLSmidth is to deliver a large efficiency upgrade at Arabian Cement Co’s site in Rabigh, Saudi Arabia. The order includes new DDX top cyclones, a quenching chamber and an ABC™ Cooler Inlet. Installation and commissioning is expected to be during the 4Q21.   "The Saudi Arabian cement market is highly competitive with increasing demand, we are therefore constantly looking at ways to improve the efficiency at our Rabigh site," explains Dr Badr Osama Johar, CEO at Arabian Cement Co. "With ...

Arabian Cement faces mill project delay at Rabigh plant

23 April 2021, Published under Cement News

Arabian Cement Co said its new cement mill project at the Rabigh plant has been delayed by 150 days and will now be completed in the 4Q21. The delay was due to contractor China National Building Materials Corp being unable to travel to Saudi Arabia to complete the installation and commissioning work because of coronavirus travel restrictions.

Egypt sees cement sales surge 42% in June

21 July 2020, Published under Cement News

Egypt's cement industry has reported a sudden surge in total sales, recording 3.64Mt during June 2020, including minimal exports, up 42 per cent MoM and one per cent YoY. June's improvement follows on from one of the lowest monthly sales run rates on record during May, which were impacted by the coronavirus (COVID-19) pandemic and the partial lockdowns. The MoM turnaround was recorded across companies including Suez Cement, which reported a sales growth of 55 per cent MoM and 24 per cent...

Solar power plant approved for Arabian Cement

08 June 2020, Published under Cement News

The Egyptian Electricity Utilities Regulatory and Consumer Protection Agency (EgyptERA) has approved the construction of a 7.5MW solar power plant for Arabian Cement Co. The approval request was submitted by SolarizEgypt, following an agreement signed with Arabian Cement more than a year ago. SolarizEgypt will construct the solar power plant on an area of approximately 96,000m² and sell the electricity to the cement company for a period of 25 years under a BOOT (Build Own Operate Trans...

Arabian Cement record profit fall of 88% in 1H19

21 August 2019, Published under Cement News

Arabian Cement Co (ACC) of Egypt announced a fall in profits of 88.1 per cent to EGP25.3m (US$1.52m) for 1H19 compared to EGP212.77m in 1H18. Profits in 2Q19 dipped to EGP19.4m from EGP50.7m in 2Q18, but this was an imporvement on 1Q19 profts of EGP5.97m, down from EGP162m in 1Q18. Cement sales in 1H19 amounted to EGP1.6bn compared to EGP1.64bn in 1H18. ACC (Cementos La Union group) has a clinker capacity of 4.2Mta and can produce up to 5Mta of cement.

Arabian Cement makes 2Q18 net loss of SAR50.9m

24 August 2018, Published under Cement News

Arabian Cement Company (ACC) registered a net loss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at its Qatrana Cement factory in Jordan. The company's net profits fell by 5.5 per cent in 2Q18 compared to 2Q17, while sales reached 0.533Mt in 2Q18 down 34 per cent YoY. The Qatrana Cement plant recorded a higher than estimated net loss of SAR52.2m in 2Q18. The company held an inventory of 1.34Mt by the end of June, representing 42.2 per cent of the last 12 month's pro...

Increased demand for alternative fuel in Egypt

11 April 2018, Published under Cement News

Egypt’s Minister of Environment, Khaled Fahmy, has opened a cement production line at Arabian Cement Co’s facility in Ain Sokhna, Suez, that uses Hot Disk technology for alternative fuel production from recycled waste, according to Watani. At the opening, Dr Fahmy noted that now waste is being used as a source of alternative fuel, a new system of efficient collection and handling needs to be put in place. Since the rise in coal prices, there has been an increased demand for alternative fu...

Arabian Cement in merger talks with Al Safwa Cement

09 October 2017, Published under Cement News

Arabian Cement has entered into potential merger talks with Al Safwa Cement of Saudi Arabia, owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Social Insurance (GOSI). Arabian Cement has been attracted by the locational advantage of the plants of both companies and source of raw materials, besides the cost savings in selling, general and administrative expenses and relatively lean inventories, according to Al-Rajhi Capital Research. In addition, both...

Qatrana Bank receives US$140.9m loan from Arab Bank Jordan

21 July 2017, Published under Cement News

Jordan-based Qatrana Cement, the subsidiary of the Saudi-based Arabian Cement Co, signed an agreement with Arab Bank Jordan for a loan worth JOD100m (US$140.9m). The loan will be repaid on eight years divided into 16 equal installments, Arabian Cement added in its statement to the Saudi Stock Exchange (Tadawul). The fianl instalment will be on 11 June 2025. The receipts of financing will be used by Qatrana Cement to repay part of the funding previously awarded to the plant by parent com...