Cement News tagged under: Jordan
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... |
Jordan increases cement prices25 July 2018, Published under Cement NewsJordan’s five factories increased the price of cement to JOD74/t (US$104) from JOD38 on Sunday, according to The Jordan Times. The price hike is intended to end the accumulative losses of the companies over the past few years resulting from a recession after the closure of the borders, says Yousef Shamali, secretary general, Ministry of Trade, Industry and Supply. Cement exports had stopped following the closure, except for small amounts to the West Bank, and consequently the price fell fr... |
Al Jouf Cement Company to export 72,000tpa to Jordan28 November 2017, Published under Cement NewsAl Jouf Cement Company signed a sales and marketing contract with the Saudi Industrial Export Company (SIEC) on Sunday, according to a statement released on Tadawul. This follows the signing of a memorandum of understanding back in October. The agreement will see 72,000tpa of cement exported to Jordan. The financial impact of this contract will be announced in 1Q18. |
Lafarge Jordan tells staff to have three-month paid vacation09 March 2017, Published under Cement NewsLafarge Jordan (LafaregHolcim group) announced on Saturday that it was giving its workers at the Fuheis cement factory a three-month paid vacation to reduce costs. The paid vacation went into effect as of 2 March, according to Lafarge, which said in a statement that it guarantees full commitment to the financial and administrative rights of the cement factory workers during the paid leave. The decision excluded a number of workers whose administrative jobs necessitate their presence at... |
Jordan: AUCBM opens regional office in Amman24 January 2017, Published under Cement NewsThe Arab Union for Cement and Building Materials (AUCBM) is opening a regional office in Amman. The office is headed by Eng Khaled Tarawneh, gneral manager of Arab Company for White Cement Industry and AUCBM board member. "The opening of the regional office is an important step towards supporting AUCBM General Secretariat to serve member companies, particularly in the field of training employees and workers in cement factories as well as organising the events adopted by AUCBM Board of Direc... |
Lafarge Cement Jordan posts JOD2.75m 3Q16 loss27 October 2016, Published under Cement NewsLafarge Cement Jordan posted a loss of JOD2.75m (US$3.9m) in the 3Q16 against profit of JOD8950 (US$12,600) in the same period in 2015, according to a filing of unaudited 3Qfinancial results to the Amman Stock Exchange (ASE). The cement firm also posted a loss of JOD4.53m in the first nine months of 2016 against a profit of JOD5.5m in the year-ago period. Nine-month sales fell seven per cent YoY to JOD69.5m from JOD74.7m. |
Jordan: Northern Cement 2Q16 profits drop11 August 2016, Published under Cement NewsNorthern Cement Company have reported a 7.6 per cent decline in profits to JOD3.79m (US$5.4m) for the second quarter of 2016, compared to profits on JOD4.1m seen in the same period last year. Profits for the first half of the year also fell, dropping 8.71 per cent YoY. Profits for the first half of 2016 were JOD6.8m compared to JOD7.4m in the first half of 2015. |
Jordan cement demand at 4Mta in 201528 January 2016, Published under Cement NewsJordan’s consumption of cement declined to 4Mt in 2015, down by 300,000t from a year earlier due to weaker construction activities and government projects, the head of the Future Society for Cement Traders, Mohammed Ghazi Abu Soufa, said. He added that production capacity of cement plants reached 10Mt. Only a small surplus is exported due to closing borders with Syria and Iraq. (Source: Mubasher Info) |
Northern Cement Co nine-month net profit drops, Jordan13 November 2015, Published under Cement NewsNorthern Cement Company posted a drop of 22.7 per cent in its nine-month profit, as it slipped to JOD10.9m (US$15.3m) this year, down from JOD14.1m ($19.8) last year. In 1H15, the Amman-listed company’s profits fell into 24.15 per cent decline, reaching JOD7.42m (US$10.4m). Northern Cement Co, located in Muwaqqar, 40km east of Amman, was established in 2007 and started supplying cement to the domestic market in September 2009. The 1Mta plant produces OPC, sulphate-resistant and pozzolanic ... |