Cement News tagged under: Arabian Cement Company

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Arabian Cement Co commissions second line, Egypt

12 June 2012, Published under Cement News

Arabian 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 News

Saudi 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...