Cement News tagged under: Kuwait

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QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait

29 April 2019, Published under Cement News

Qatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are looking at Africa, Asia and some of the Gulf countries. We have 3Mt of clinker (for exports)" said Salem Butti Al-Naimi, QNCC chairman and managing director. The announcement comes after the company commissioned its 5000tpd fifth plant in February this year. According to Mr Al-Naimi, the potential export markets such ...

Kuwait Portland Cement sees 12% profit rise in 2018

12 April 2019, Published under Cement News

Kuwait Portland Cement Co recorded a net profit of KWD2.49m (US$8.2m) in the 4Q18. This represents a 150 per cent YoY advance when compared with KWD997,000 (US$3.2m) in the same period of 2017. In 2018, the company achieved a 12 per cent rise in earnings to KWD10.3m from KWD9.19m in 2017, according to a bourse filing. Operating income expanded by 4.3 per cent YoY to KWD8.87m from KWD8.5m in 2017.

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 ...

Qassim Cement to export 120,000t of cement to Kuwait

21 March 2019, Published under Cement News

Saudi Arabia’s Qassim Cement Co has signed an agreement with Kuwait-based Al-Arada Building Materials Co to export 120,000t of cement. While no value for the deal has been released, the related financial impact is expected to show later in the year. The deal came into effect on 1 March and will be valid until the end of 2019, according to a bourse statement.

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...

Cemengal wins second grinding station order with ACICO Cement

04 February 2019, Published under Cement News

Cemengal has been awarded with a new contract for the supply of a second cement grinding station to ACICO Cement consisting of a complete cement mill workshop. The main equipment to be included within this new contract is related to a 5200kW ball mill fully engineered by Cemengal of Spain with all the peripheral equipment and a fourth-generation classifier from Magotteaux XP4i-130 for high-strength cements. The projected grinding capacity will be 1Mta of cement and the plant will be commiss...

Kuwait Portland Cement reports KWD7.8m in 9M profit

14 November 2018, Published under Cement News

Kuwait Portland Cement has posted a net profit of KWD2.4m (US$7.9m) in 3Q18, down 23.1 per cent when compared with KWD3.12 in 3Q17, according to a company statement on the Kuwaiti stock exchange. For the 9M18, profits fell 4.5 per cent to KWD7.82m from KWD8.19m in the year-ago period. Operating profits fell five per cent YoY to KWD5.4m.

Kuwait Cement FY17 profit falls 12%

07 March 2018, Published under Cement News

Kuwait Cement saw a YoY increase of 15.4 per cent in profits to KWD4.94m (US$16.5m) in 4Q17 from KWD4.28m in 4Q16, according to a stock exchange statement. However, in FY17, Kuwait Cement reported a drop of 11.8 per cent in profits to KWD17.19m, compared to KWD19.49m in FY16. The fall is attributed to higher financing costs (KWD480,450) as well as a decline in consolidated profit (KWD3.55m).

Iraq plans sell off of damaged cement factories

24 January 2018, Published under Cement News

Iraqi Minister of Industry, Mohammad Sudani, has announced plans to sell off destroyed or damaged cement factories and oil refineries in northern Iraq that were caught up in the war against Islamic State (IS). At a recent international conference held in Kuwait, the minister prepared a file of the damaged factories to show to potential investors, reports Kuwait News Agency (KNA). The Kuwaiti investors were told they would have priority to buy the facilities. Iraq is said to need around U...

Iran exports 7.1Mt of cement in 7FY17-18

15 November 2017, Published under Cement News

Iran has exported cement to the value US$233m in the first seven months of the current financial year (started 20 March 2017). In terms of volumes, 7.1Mt of cement were exported to some 34 countries during this period. Exports included US$5000 of white Portland cement to the US but Iran’s main customer was Iraq, with an offtake of cement to the value of US$64m. Smaller shipments were delivered to Afghanistan (US$46m) and Kuwait (US$23m). In terms of products, white cement was the most...