Cement News tagged under: Middle East
Eastern Province Cement sees revenue fall 11% YoY in 9M2226 October 2022, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Co (EPCCO) has posted revenue of SAR531m (US$141.6m) in the first nine months of 2022, down 11.3 per cent on the SAR598.5m seen in the same period a year earlier. Net profit after zakat and tax over the same timeframe fell 42.8 per cent from SAR159m to SAR91m. The fall in profit was attributed to lower cement sales, higher selling, general and administrative expenses, along with a decline in the share of profit of associates, according to the compa... |
GCC market to expand at a CAGR of 6% in 2022-3225 October 2022, Published under Cement NewsThe Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and non-residential buildings, such as hospitals. According to the report, over the forecast period, Sa... |
Asian Paints enters JV for new white cement plant25 October 2022, Published under Cement NewsAsian Paints is joining forces with Riddhi Siddhi Crusher & Land Transport, based in Fujairah, and Associated Soap Stone Distributing Co Pvt Ltd (ASSD) to set up a white cement and clinker plant in Fujairah, UAE. The joint venture will be a 60:40 partnership between Asian Paints and Riddhi Siddhi & ASSD, according to Coatings World. The initial capacity of the new facility will be 265,000tpa with additional grinding units to be set up in India as well. The JV involves an overall investment o... |
Cemtech Middle East & Africa 202319 October 2022, Published under Cement NewsCemtech Middle East & Africa 2023 conference and exhibition will take place at the Grand Hyatt Dubai on 12-15 February 2023. Manufacturing Excellence | Circular Economy | Decarbonisation Cemtech returns to the international hub and desert metropolis of Dubai, UAE, for the next edition of the Middle East & Africa conference and exhibition. Fully refreshed, sponsored by the AUCBM and supported by our partners, A 3 &Co.®, this event promises to be unmissable for all cement ind... |
Lafarge Cement fined US$778m for ISIS payments19 October 2022, Published under Cement NewsLafarge Cement has agreed to plead guilty and pay a fine of US$777.8m for payments it made to terror organisation ISIS to keep operating a cement plant in Syria. The payments to ISIS, which reportedly totalled US$10.23m, were made from August 2013 to October 2014 and took place while the terrorist group was kidnapping and killing westerners, reports CNBC. According to the United States Department of Justice, "The gains to all participants in the conspiracy, including LCS [Lafarge Cement S... |
Yamama Cement sees 49% jump in revenue in 3Q2219 October 2022, Published under Cement NewsSaudi Arabia's Yamama Cement has reported a 23.6 per cent advance in revenue to SAR684.2m (US$182.5m) in the first nine months of 2022. This compares to SAR553.5m in the same period a year ago, according to Argaam. Operating income over the same period advanced by 12.9 per cent from SAR178.02m to SAR200.95m, while net profit after Zakat and tax was up 29 per cent from SAR172.5m to SAR221.7m. The improvement in profit is being attributed to higher sales volumes and an increase in other r... |
UAE climate change ministry signs AF deal with cement companies14 October 2022, Published under Cement NewsThe UAE Ministry of Climate Change and Environment and Emirates RDF have signed Memoranda of Understanding (MoUs) with four cement companies – Fujairah Cement Industries , JSW Cement , Lafarge Emirates Cement and Star Cement – that will enable the cement producers to use alternative fuel (AF) generated from municipal solid waste (MSW) treated by Emirates RDF. A joint venture between Besix, Griffin Refineries and Tech Group Eco, Emirates RDF operates a plant in Umm Al Qaiwain, the fi... |
WCA annual conference prompts MENA region to decarbonise12 October 2022, Published under Cement NewsThe fifth World Cement Association (WCA) annual conference took place between the 25-28 September in Dubai, UAE, allowing industry leaders and stakeholders to have an open discussion and honest assessment of the biggest challenges that the cement industry faces. This year’s theme focussed on Navigating the Climate Challenge: Reducing Carbon and Reducing Costs but many concluded that the greatest limiting factor to decarbonising the cement industry is not technology but the sector’s dri... |
Mill breakdown at Umm Al-Qura Cement10 October 2022, Published under Cement NewsUmm Al-Qura Cement reported a breakdown of its cement mill No 1 on 9 August, which led to a mill stoppage and a reduction in cement sold by 1161tpd, according to a bourse statement. The Saudi Arabian manufacturer is currently repairing the component failure, which could take a year to complete, according to an expert report from the company. Consequently, Um Al-Qura Cement has increased the production capacity of its operational mill to partially cover the temporary shortage. The ce... |
Iran’s cement market expands 17% in August26 September 2022, Published under Cement NewsIranian cement demand increased 16.6 per cent to 4.98Mt in August 2022 from 4.27Mt in August 2021, according to the Iranian Cement Association. Domestic cement output picked up by 2.7 per cent YoY from 4.79Mt to 4.92Mt while clinker output increased 10.6 per cent YoY from 5.08Mt to 5.62Mt in August 2022. Iran exported 0.79Mt of clinker in August 2022, up 79.5 per cent from 0.44Mt in August 2021. When compared with the year-ago period cement exports slipped by 6.3 per cent from 0.32Mt to 0.... |