Cement News tagged under: Arkan Building Materials

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Arkan sees increase in net profit for the 9M19

08 November 2019, Published under Cement News

UAE-based Arkan Building Materials Co has recorded a net profit of AED36.13m (US$9.8m) for the first nine months of 2019, compared to AED10.2m in the corresponding period last year. However, group revenue declined 6.1 per cent YoY to AED675.50m from AED719.71m, on the back of increased competition and pressure on prices. "Achieving optimum efficiency across our business remains our utmost priority as we continue to navigate through this challenging business cycle," said Jamal Salem Al Dhah...

Arkan sees 55% net profit increase in 1H19

06 August 2019, Published under Cement News

UAE-based Arkan Building Materials has announced a 55 per cent YoY increase in net profit to AED33.8m (US$9.2m) for the 1H19. The positive result has been attributed to cost management schemes, the award of an insurance claim and proceeds from the Emirates Cement Factory sale. However, group revenue declined 8.9 per cent to AED458.9m, compared with AED503.8m in the 1H18. The fall was a result of market price pressure as export markets saw a slowdown, according to the company.

Arkan sells Emirates cement plant

15 February 2019, Published under Cement News

UAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement Co. Arkan has already received AED21.9m of the total amount, recognised in its 2018 financials as other income. The company’s main operations are based at its separate 4.5Mta facility in Al Ain.

Arkan Building Materials to co-process SPL

13 November 2018, Published under Cement News

Emirates Global Aluminium (EGA) will supply Abu Dhabi-based Arkan Building Materials with waste from its smelting operations. Arkan will co-process EGA’s spent pot lining (SPL) material in its kilns. EGA is building facilities at its Al Taweelah site to process SPL into an alternative raw material or fuel that can be used in cement plants. HE Eng Jamal Salem Al Dhaheri, chairman of Arkan, said the company would be able to reduce its dependence on fuel by using EGA's wasted spent pot lini...

Arkan to close UAE factory

21 March 2017, Published under Cement News

Building materials industrial conglomerate Arkan has announced its decision to permanently close its Emirates Cement Factory (ECF) in Al Ain, Gulf Digital News has reported. The announcement from Arkan's board comes following the successful consolidation of the company's cement business.  Arkan had announced in December that owing to significant gas and electricity price increases from 1 January 2017, it would implement a series of measures such as the temporary closure of ECF to boost ...

UAE: Arkan’s profits fall by 25% in 2016

17 February 2017, Published under Cement News

Arkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online. The company, which is the UAE’s single largest cement producer by installed capacity, blamed damage related to heavy rains in March 2016 as the cause of its fall in revenues. Better control of costs saw the firm’s gross profit margins increase to 36 per cent in 2016, while sales volumes improved in both the UAE and internationally. However, ex...

UAE: Arkan cutting energy usage in response to price rises

04 January 2017, Published under Cement News

Emirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Trade Arabia reports. The initiatives include the installation of a waste heat recovery unit on the clinker cooler at the Al Ain cement factory. Arkan is also conducting a feasibility study on the construction of a captive coal-fired power plant for the facility. As an interi...

Arkan appoints new chief operating officer, UAE

13 January 2016, Published under Cement News

Arkan Building Materials, a leading construction and building materials company in the UAE, has appointed Abdelaziz Asad as its new chief operating officer. Mr Asad, a UAE national, started his career in 1991 with one of Arkan’s subsidiaries, Emirates Cement Factory. He joined as an electrical engineer and quickly advanced within the organisation, becoming the general manager of the company’s cement division, said a statement from Arkan. In his new role, Mr Asad will be reporting directly ...

Emirates Cement Factory to supply Barakah nuclear power plant, UAE

04 July 2013, Published under Cement News

Emirates Cement Factory (ECF) has been certified by Korea Electric Power Corporation (KEPCO) and Hyundai Samsung Joint Venture (HSJV) to supply Q Class cement to the Barakah nuclear power plant Units 1 and 2, owned by Emirates Nuclear Energy Corporation, located in Abu Dhabi's western region. ECF, a fully owned subsidiary of Arkan Building Materials, upgraded its quality assurance, quality control and production procedures to meet the standard of ASME NQA-1-2008 and to qualify them as supp...

UAE cement producers see improvements in 9M12 profits

01 November 2012, Published under Cement News

Two leading cement producers in the UAE have posted an improvement in profits for the first nine months of 2012 as construction activity on the local market shows signs of a revival. Arkan Building Materials said profits grew 76 per cent during the year to the end of September to AED41.5m (US$11.2m). The company’s improvement was attributed to a 38 per cent rise in sales which increased to AED295.1m during the year from AED213.5m in the same period of the previous year. Revenue at Arkan’s E...