Cement News tagged under: Hilal Cement

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Building on diversification

15 February 2021, Published under Cement News

Kuwait has seen its economy heavily impacted by the crisis in oil prices, a lack of diversity and the COVID-19 pandemic. A lack of investment in infrastructure has further seen demand fall for the cement sector, which relies on several importers as well as domestic cement producers. Building ACICO’s new grinding unit, Ball Mill 4, which is scheduled for commissioning in the 1Q21 Kuwait’s economy remains largely dependent on the oil sector, which accounted for more than 90 per ce...

Suez Cement looks to sell stake in Hilal Cement

11 March 2020, Published under Cement News

Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the company’s board has also approved a proposal to obtain a three-year US$125m loan from HeidelbergCement, its parent company. The funds are expected to be used to offset local overdue payments.

Hilal net profit edges ahead, Kuwait

10 March 2014, Published under Cement News

Kuwaiti cement producer Hilal Cement net profit reached KWD518,500 (US$1.8m) for 2013, up 3.6 per cent from KWD500,500 a year earlier, the company said in a bourse filing. The total assets stood at KWD22m at end-December 2013, compared with KWD21.9m a year earlier. Hilal's management board has proposed a seven per cent cash dividend for 2013, equal to 7 fils per share.

Hilal Cement’s net profit drops, Kuwait

13 August 2012, Published under Cement News

Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported earnings per share (EPS) of 4 fils, compared with 8 fils. The total assets stood at KWD21.9m at end-June 2012, slightly up from KWD21.4m a year earlier.

Italcementi wins supply contract for mega Kuwait infrastructure project

21 March 2012, Published under Cement News

Italcementi Group will be one of the suppliers for the Jamal Abdul Nasser Street Project, part of a mega infrastructure project in Kuwait City. This is being developed by the Rizzani OHL Boodai Trevi joint venture, comprising Italian construction Groups Rizzani de Eccher and Trevi, Spanish construction Group OHL and Kuwait conglomerate Boodai Corporation. The project includes the substantial upgrade of this main traffic artery in the middle of Kuwait City and upgrading the status of Jamal A...

Hilal Cement boosts net profit, Kuwait

15 March 2012, Published under Cement News

Hilal Cement of Kuwait reported a surge in net profit to KWD1.22m (US$4.4m) for 2011 from KWD714,937 a year earlier. Earnings per share for the cement producer were 17 fils compared with 10 fils the year before. Total assets stood at KWD22.4m at end-2011, slightly up from the KWD21.8m in 2010. The board has recommended a 15 per cent cash dividend for 2011, equal to 15 fils per share.