Cement News tagged under: Arabian Cement Company
Egypt: signs of stability despite political unrest11 February 2013, Published under Cement NewsDespite recent news reports of political tension in Egypt, there are some positive signs in the country's cement market that demand is recovering after two difficult years. The latest figures indicate that last year cement demand expanded by around five per cent, just surpassing the 51Mt mark, a growth rate not seen since 2009. In 2011, consumption fell 1.7 per cent to 48.69Mt while prices contracted 10 per cent. During these the past two years, the entry of new companies has provided new ... |
Arabian Cement Company fire damage, Saudi Arabia12 October 2012, Published under Cement NewsArabian Cement Company said that a fire which broke out at its third cement mill at its plant in Rabigh on 20 September was caused by an electrical problem, Construction Week reports. The company said that although clinker production was not impacted by the fire, the temporary closure of one of its five existing mills is likely to lead to an expected temporary drop in sales of around 1000tpd. The fire was brought under control quickly, and there were no casualties, but it could be three-to... |
Arabian Cement Co commissions second line, Egypt12 June 2012, Published under Cement NewsArabian Cement Company has officially opened its Line No 2 which has doubled the capacity of the plant at Suez to 5Mta. Speaking during the opening ceremony, Jose Maria Magrina, ACC CEO, said: “We are extremely pleased to announce opening our second production line, which will increase our production capacity, bringing us one step closer to becoming among the largest cement producers in the market. We have already finished the commissioning of the second line, and are now ready to produce... |
Arabian Cement Co first-quarter net profit rises 26%06 June 2012, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) said its net profit for the first quarter of 2012 rose by 26% year-on-year to SAR146.1m (US$88.7m), boosted by growing sales. Operating profit increased by 24.8% to SAR 151.7 million in January-March 2012. The company’s management board has decided to recommend to shareholders a cash dividend of SAR1 (US$0.267) per share for the first half of 2012. If approved, the dividend will be paid to shareholders registered at the close of business... |