Cement News tagged under: Jordan
Northern Cement sees 21% increase in 2Q profit02 August 2022, Published under Cement NewsJordan-based Northern Cement Co reported a 21.4 per cent rise in profit to JOD1.7m (US$2.39m) in the 2Q222 from JOD1.4m in the 2Q21. Sales in the 2Q22 were down 3.3 per cent to JOD8.9m from JOD9.2m in the 2Q21. |
Northern Cement posts 89% rise in profit29 April 2021, Published under Cement NewsJordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales also increased 32.4 per cent YoY to JOD9m from JOD6.8m in the 1Q20. |
Northern Cement reports 37% rise in net income15 February 2021, Published under Cement NewsJordan’s Northern Cement has reported a 24 per cent decline in revenue to JOD37.19m (US$52.46m) in 2020, compared with JOD48.94m in the previous year. Gross profit advanced 29.9 per cent YoY to JOD9.27m. Net income after tax climbed 37.1 per cent to JOD6.25m from JOD4.56m in 2019. |
ASEC and Qatrana Cement extend O&M contract01 February 2021, Published under Cement NewsASEC of Egypt and Qatrana Cement Co of Jordan have announced the extension of the operation and maintenance (O&M) contract for an additional three years. The collaboration started back in 2010 when partners entered into an O&M agreement and ASEC was entrusted with the full responsibility of the operation and maintenance of the 1.5Mta Qatrana Cement plant from raw material crushing up to cement dispatch. "This contract marks a milestone in our cooperation with Qatrana Cement Company and ... |
Jordanian Cement Factories files for insolvency06 July 2020, Published under Cement NewsThe Jordanian Cement Factories Co has announced that it will file for insolvency on the back of adverse financial conditions, worsening as a result of the COVID-19 pandemic, according to The Jordan Times. As a result, the company has partially halted sales, collection and production. The company’s management had worked on a road map to restructure the company to increase sales, production and operational efficiency. However, the negative economic impact caused by the pandemic has impeded ... |
Al Jouf Cement extends export contract to Jordan26 November 2019, Published under Cement NewsAl Jouf Cement has extended its contract with Saudi Industrial Export (SIECO) to export 72,000t of cement to Jordan over the next year. The new extension begins on 27 November 2019 and the financial earnings from the deal will be revealed in financial statemend before the end of 2020. |
Lafarge Jordan Cement set to cut 200 jobs05 November 2019, Published under Cement NewsLafarge Jordan Cement has announced it would be cutting 200 jobs to remain in business after accumulating losses of JOD62.2m (US$87m) following the closure of one plant in the country and the partial shutdown of another, according to Reuters. The company recorded losses of JOD34.6m in 2018, compared to JOD33.3m in the previous year. "The decision is part of the company plan to ensure its continuity," said Samaan Samaan, CEO of Lafarge Jordan Cement, to Reuters. Mr Samaan also noted that t... |
Jordan: seeking opportunities21 November 2018, Published under Cement NewsIn an interview with Khaled Huraibat, chairman of the Jordan Cement Producers’ Association, ICR finds out more about the latest developments in the country’s cement sector ahead of the 23rd AICCE, which takes place between 20-22 November in Amman, Jordan. Mr Huraibat highlights the challenges for the cement sector and provides his view on possible solutions. Khaled Huraibat, chairman of the Jordan Cement Producers’ Association ICR: The IMF has forecast economic growth of 2.5 pe... |
Fostering mutual understanding19 November 2018, Published under Cement NewsAhead of the 23rd Arab International Cement Conference and Exhibition (AICCE23) in Amman, Jordan, ICR speaks with Mohammad Khalaf Mohammad Al Manaseer, CEO of Manaseer Industrial Complex and representative of Jordan on the Board of Directors of the Arab Union for Cement and Building Materials. Mohammad Al Manaseer, CEO of Manaseer Industrial Complex ICR: Who founded the Manaseer Industrial Complex? Mohammad Khalaf Mohammad Al Manaseer (MKMAM): Manaseer Industrial Complex (MI... |
Arabian Cement makes 2Q18 net loss of SAR50.9m24 August 2018, Published under Cement NewsArabian Cement Company (ACC) registered a net loss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at its Qatrana Cement factory in Jordan. The company's net profits fell by 5.5 per cent in 2Q18 compared to 2Q17, while sales reached 0.533Mt in 2Q18 down 34 per cent YoY. The Qatrana Cement plant recorded a higher than estimated net loss of SAR52.2m in 2Q18. The company held an inventory of 1.34Mt by the end of June, representing 42.2 per cent of the last 12 month's pro... |