Cement News tagged under: Middle East
Raysut Cement expands production capacity to align with Oman Vision 204008 November 2024, Published under Cement NewsRaysut Cement is expanding its production capacity to support Oman Vision 2040 and meet increasing regional demands. The Sohar Cement Factory, capable of producing 5000tpd, has increased its annual capacity to 1.75Mt. This expansion addresses Oman’s infrastructure needs and offers bulk and bagged forms of cement, including Ordinary Portland Cement (OPC) and Sulfate-Resistant Cement (SRC). In an interview (abstract) with local media, Dr Hilal Al Dhamri, CEO of Raysut Cement Group, emph... |
Saudi Cement Co reports robust performance in 3Q2407 November 2024, Published under Cement NewsSaudi Cement Co reported sales revenue of SAR387.1m in the third quarter of 2024, up 22.9 per cent YoY from SAR315m. The company has attributed the improved revenue to increased sales revenues and average selling prices. Gross profit increased by 34.9 per cent YoY to SAR154.3m in the 3Q24 from SAR114.4m in the 3Q23 in the previous year. Operating profits surged by 61.5 per cent YoY to SAR98m in the 3Q24 from SAR60.7m. The company’s consistent growth was also shown in 3Q net profit, which... |
Najran Cement reports improved financial results06 November 2024, Published under Cement NewsNajran Cement (Saudi Arabia) has reported a significant improvement in its financial performance for the 3Q24, reflecting a rise in sales and profitability compared to both the same period in 2023 and in the previous quarter. The company recorded sales of SAR134.57m (US$35.88m), marking an 18.2 per cent increase from SAR113.84m in the year-ago period. The company’s gross profit rose to SAR36.89m, a 14 per cent increase from SAR32.37m in the 3Q23 and operational profit increased 20.7 per... |
Tabuk Cement reports boost in financial performance06 November 2024, Published under Cement NewsTabuk Cement Co (Saudi Arabia) reported a significant boost in its financial performance for the 3Q24, with notable increases in sales, profits and total comprehensive income compared to the same period the year previous and in the last quarter. The company’s sales reached SAR90.12m (US$24.03m), a 66.5 per cent increase compared to the same period the year previous. In the nine-month period, the company’s revenue climbed to SAR262.60m, up 32.1 per cent from last year, while net profit s... |
Eastern Province Cement Co sees 15% uptick in 9M net profit04 November 2024, Published under Cement NewsEastern Province Cement Co reported sales of SAR280m, up 15.2 per cent YoY, for the third quarter of 2024, according to data on the Saudi Exchange. The company attributed the higher sales to increased sales volumes and improved prices. Gross profit rose by 25.8 per cent YoY to SAR78m in the 3Q24 while operating profit increased by 38.6 per cent to SAR61m. Net profit remained flat at SAR41m when compared with the year-ago period due to an impairment in investment in an associate. Januar... |
Northern Cement posts 71% YoY rise in 3Q net profit29 October 2024, Published under Cement NewsNorthern Cement Co (Jordan) has reported its 3Q24 unaudited financial results. The company reported consolidated sales of JOD43.279bn (US$61.042bn), representing a 16 per cent increase from JOD37.312bn in the 3Q23. The cement producer also posted a consolidated net profit of JOD1.146bn in the 3Q24, up 71.3 per cent when compared with JOD668.981m in the year-ago period. The improved result is attributed to a significant rise in sales. However, cost of sales rose to JOD37.621bn in the 3Q... |
RAK White Cement reports AED28.5m profit in 9M2429 October 2024, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials (RAK White Cement) saw its third-quarter (July-September 2024) revenue increase by 7.5 per cent to AED63.21m (US$17.2m) in 2024 when compared with AED58.8m in the 3Q23. The company’s net profit advanced 75.9 per cent YoY to AED9.11m from AED5.18m over the same period. Basic and diluted earnings per share increased to AED0.018 in the 3Q24 from AED0.01 in the 3Q23. January-September 2024 In the first nine months of 2024, RAK... |
Yamama Cement posts 140% advance in 3Q net profit22 October 2024, Published under Cement NewsSaudi Arabia-based Yamama Cement reported sales of SAR285.2m (US$76.1m) in the 3Q24, up 34.7 per cent from SAR211.7m in the 3Q23. The company’s net profit surged by approximately 140 per cent to SAR97.9m in the 3Q24 from SAR40.8m in the 3Q23, reported Reuters. |
Arabian Cement introduces hydrogen fuel at Ain Sokhna16 October 2024, Published under Cement NewsArabian Cement Co (ACC), a leading cement producer in Egypt, has embraced UTIS hydrogen technology in alignment with its decarbonisation plan. ACC has implemented UC3 ® technology at its Ain Sokhna plant in Egypt. This cutting-edge solution aims to significantly reduce CO 2 emissions, positioning ACC at the forefront of sustainability in the cement industry. It also complies with the most stringent international standards, as CBAM - Carbon Border Adjustment Mechanism demands. “UC3 ®... |
City Cement and Next Generation SCM launch low carbon concrete in Saudi Arabia14 October 2024, Published under Cement NewsNizak Mining Company, a subsidiary of City Cement , has partnered with UK-based industrial group Next Generation SCM to establish a groundbreaking joint venture producing low carbon concrete in Saudi Arabia. The venture will launch the kingdom's first calcined clay supplementary cementitious material (SCM) production facility, with an initial annual capacity of 350,000t, aiming to double this by the second year. The Riyadh-based factory, slated to begin mass production by 3Q25, will use ... |