Cement News tagged under: Kuwait Cement Company

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Magotteaux starts Kuwait cement mill optimisation programme

28 March 2019, Published under Cement News

Magotteaux has started the modernisation of three cement mills for Kuwait Cement Co. The project consists of closing the open circuit with a fourth-generation XP4 ® i separators, installing new mill internals, including diaphragms, and adapting a new ball charge gradation. The aim of the project is to increase significantly the production rate, reduce the specific energy consumption and improve the product quality by reducing the residue on 45µm through keeping the same Blaine value, says ...

Kuwait Cement starts oil well cement production

14 March 2019, Published under Cement News

Kuwait Cement Co (KCC) has started marketing oil well cement and made its first delivery on 13 March 2019 to National Petroleum Services Company (NAPESCO). KCC is the first cement producer in Kuwait to be certified by the American Petroleum Institute (API) to produce this type of cement at its plant in  Shuaiba industrial area, Kuwait. This achievement coincides with the golden jubilee of the company. KCC currently produces OPC, sulphate-resistant cement Type V, white Portland cement, oil w...

Kuwait Cement earnings surpass US$10m in 3Q17

02 November 2017, Published under Cement News

Kuwait Portland Cement achieved a jump of 471.61 per cent in profits during the 3Q17 compared to the same period last year. The company's earnings soared to KWD3.13m (US$10.37m) in 3Q17 compared to nearly KWD547,320 (US$1.81m) in 3Q16, according to a bourse statement issued on Wednesday. During the first nine months, Portland Cement posted KWD8.19m profits which were 30 per cent higher than KWD6.29m in the same period in 2016. The increase in profits is attributed to higher stock pric...

Kuwait Cement to sell stake in Kuwait Food Company

08 February 2017, Published under Cement News

According to reports in ArabianBusiness.com, Kuwait Cement will sell its stake in Kuwait Food Company (Americana) to Gulf-based investment group Adeptio. The US$4.42m deal follows Adeptio’s purchase of a majority stake in Americana, which it acquired in October for US$2.35bn.

Kuwait Cement Company net profit edges higher

28 March 2013, Published under Cement News

Kuwait Cement Company recorded a net profit of KWD14.78m (US$51.9m) in 2012, up 3.6 per cent from KWD14.27m a year earlier, the company said in a bourse filing. The cement producer reported earnings per share (EPS) of 23.94 fils for 2012, compared to 23.08 fils a year ago. The total assets rose to KWD286.2m at end-December 2012 from KWD258.9m a year ago. Kuwait Cement is the largest cement producer in the country and has two major shareholders in Kuwait Investment Authority (29.4 per cent)...

Kuwait Cement first half net profit rises

14 August 2012, Published under Cement News

Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of 14.31 fils for the first half of 2012, compared to 14.04 fils a year ago. For the second quarter of 2012, the company's net profit stood at KWD3.71m, down from KWD3.81m in the same period last year. The total assets rose to KWD 266.6m at end-June 2012 ...

Kuwait Cement 1Q net profit grows to US$18.3m

10 May 2012, Published under Cement News

Kuwait Cement Company said in a bourse filing it booked a net profit of KWD5.1m (US$18.3m) for the three months ended March 31, 2012, up from KWD4.9m a year earlier. The cement producer reported earnings per share (EPS) of 8.3 fils for the first quarter of 2012, compared to 7.9 fils in the same period last year, SeeNews Middle East and Africa reports. The total assets rose to KWD 264.4m at end-March 2012 from KWD 249.1m a year ago.