Cement News tagged under: Bahrain
Prospects for the GCC industry19 February 2024, Published under Cement NewsThe Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain are poised for growth in 2024, lead by residential and commercial activ... |
GCC cement: set for a revival?13 February 2023, Published under Cement NewsWith oil prices expected to remain elevated, GCC governments are easing their budgets and restarting construction projects. For cement producers this is good news and the sector prepares for its revival as demand for its products is forecast to show significant growth in the short- to medium term. By U Capital Research, Oman. After challenging times due to economic restrictions, caused by the COVID-19 pandemic and low oil prices, the GCC cement sector can now look forward to better... |
GCC: a return of fortunes?17 February 2020, Published under Cement NewsThe performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand. For 2020, the outlook remains equally promising, supported by expansionary budgets and the normalisation of relations between GCC countries. Most of the GCC countries, including Oman, announced expansionary budgets, fuelling expectations of increased construction activity going forward GCC cement sec... |
Saudi Cement invest SAR23m in Bahrain's United Cement14 January 2020, Published under Cement NewsSaudi Arabian Cement has bought a stake in United Cement Co BSC of Bahrain from Esterad Investment Co for SAR23m (US$6.13m). The sale is for a 36 per cent stake in United Cement, which is located in Adliya. United Cement operates a a bulk fleet of transport ships with a capacity of 3000t each and can supply more than 80,000tpm of cement to Bahrain from the GCC region. The company trades OPC, sulphate-resistant cement and white Portland cement in bulk and bagged forms. United Cement was ori... |
Falcon Cement's 2017 revenue up 56%24 July 2018, Published under Cement NewsBahrain's Falcon Cement Company (FCC) has reported that its total income for 2017 rose to US$45.6m, while its net profit hit US$8.2m. "Despite challenging market conditions and competition, we're delighted to have achieved solid growth in our sales and market share. As a result, we saw profits rise a considerable 54 per cent," said Hisham Alrayes, chairman of the board of directors. "These are strong indicators of the continued strides we are making in the development of our business and... |
Bahrain: APICorp acquires 30% Falcon Cement stake13 December 2016, Published under Cement NewsMultilateral development bank Arab Petroleum Investments Corp (APICorp) announced it acquired a 30 per cent stake in Bahrain’s Falcon Cement Co (FCC), one of the largest cement producers in Bahrain. FCC has a current capacity of 1000tpd and is well on its way to more than double its production capacity to 2400tpd by 2017. The cement company is expected to capitalise on a series of major industrial and infrastructure projects that are fuelling the kingdom’s construction industry. The US... |
Bahrain: 10% stake in Falcon Cement snapped up23 March 2016, Published under Cement NewsAbu Dhabi Financial Group (ADFG) will buy a 10 per cent of Bahrain-based Falcon Cement Company from the Bahraini Islamic investment bank GFH Financial Group. The US$120m integrated cement plant has a production capacity of 0.35Mta, which is expected to rise to 0.85Mta by the end of 2016 after a second production line is added. The plant manufactures ordinary Portland cement and sulphate resistant cement and is located in Hafirah. The deal was carried out through Integrated Capital, the cap... |
CEM Asia Trading, Dubai ships Oman gypsum to Bahrain24 August 2015, Published under Cement NewsCEM Asia Trading, Dubai has undertaken the first shipment of natural gypsum from Oman to Khalifa Bin Salman Port, Bahrain, for Falcon Cement. Gypsum being discharged at the Khalifa Bin Salman Port, Bahrain Shipments had previously been carried out from Iran to Bahrain in small barges. However, a source told CemNet News that given the high purity of gypsum originating from Oman (above 91 per cent), the company has now chosen to source gypsum from the sultanate. Indeed, this... |
Falcon Cement receives ISO 9001 certification, Bahrain04 November 2013, Published under Cement NewsFalcon Cement Company, Bahrain’s first integrated cement producer, has announced that following comprehensive assessments, the company and its systems has been approved for ISO 9001 quality management system certification by the Bureau Veritas. “We are delighted to have received this prestigious certification,” Falcon Cement executive director Salah Sharif told Gulf Industry news. “We look forward to further building our position and even more effectively meeting the needs of the current a... |
Bahrain: Falcon cement achieves ISO 900101 October 2013, Published under Cement NewsFalcon Cement Company (FCC) has achieved ISO 9001 Quality Management System Certification for its systems, after accreditation by Bureau Veritas. Falcon, which started production in March 2009, currently has a cement capacity of 1000tpd with a planned expansion in the coming year expected to see this grow to more than 2500tpd. This represents about 50-60 per cent of the current cement requirements of the Bahraini market. The certification follows a comprehensive assessment of the company ... |