Cement News tagged under: Middle East
WCA focus on MENA region decarbonisation23 August 2022, Published under Cement NewsThe World Cement Association (WCA) has held its first CEO-exclusive, pre-conference webinar, in which participants concluded that cement producers in the Middle East and North Africa (MENA) can halve carbon emissions with zero or low capital expenditure. The webinar brought together thirty CEOs representing cement-producing companies from Iraq, UAE, Saudi Arabia, Egypt and Turkey among others, ahead of WCA’s annual conference which will be held in Dubai, in September 2022. The CEO’s re... |
Najran Cement appoints new chairman and vice chairman23 August 2022, Published under Cement NewsSaudi-Arabian cement producer Najran Cement Co has appointed Waleed Bin Abdulrahman Al-Mousa as chairman of the company’s board of directors. Fahd bin Abdullah Al-Rajhi has been appointed as vice chairman of the board. |
Iran’s cement market expands by 34% in July 202222 August 2022, Published under Cement NewsIranian cement demand reached 5.36Mt in July 2022, according to the Iranian Cement Association. This represents a YoY increase of 34 per cent when compared with July 2022, when domestic dispatches were 4Mt. In addition, cement producers exported 0.81Mt of clinker in July 2022, up from 0.3Mt in the year-ago period. However, cement exports declined to 0.34Mt in July 2022 from 0.41Mt in July 2021. Total clinker output stood at 5.24Mt, up from 3.95Mt YoY, while cement production advanced from... |
Umm Al-Qura Cement Co posts 55% fall in net profit in 1H2222 August 2022, Published under Cement NewsSaudi cement producer, Umm Al-Qura Cement Co has posted a 55 per cent fall in net profit during the 1H22 owing to lower cement sales, compared to the 1H21. Profits in the first half dropped from SAR49m (US$13m) in the same period last year to SR22m (US$5.9m), according to a bourse filing. The company attributed the decline in net profit to a decrease in sales value and an increase in selling, marketing, and administrative expenses. Its revenue declined 19 per cent to SAR125m durin... |
Nesher Cement fined for breaking Clean Air Law22 August 2022, Published under Cement NewsNesher Israel Cement Enterprises ( Clal Industries ), Israel’s only producer of cement, has been fined nearly ILS6m (US$1.9m) for violations of the Clean Air Law, the Environmental Protection Ministry said on Sunday. The fine is for exceeding the permitted level of pollution on numerous occasions, including “exceeding the emissions values for particulates, mercury and mercury compounds,” by the company’s main factory in the Ramla industrial zone during 2019-20, the ministry said, adding... |
Lafarge Emirates Cement uses first-of-its-kind finance facility to install WHR system18 August 2022, Published under Cement NewsStandard Chartered, a UK-based banking and financial services company, has closed a ‘transition trade’ facility with Lafarge Emirates Cement to enable the cement producer to invest in a waste heat recovery (WHR) system. The transition trade facility is believed to be the first of its kind in the Middle East and forms part of Standard Chartered’s commitment to provide US$300bn in ‘green’ and transition finance by 2030. “This market-first transition trade finance facility is a result of ... |
Al Jouf Cement appoints new CEO18 August 2022, Published under Cement NewsSaudi Arabia-based Al Jouf Cement has appointed Abdul Karim Al-Nuhair as CEO, effective from 21 August 2022. Mr Al-Nahair replaces Jamal bin Salem Al-Amer who resigned as CEO on 16 August 2022 but will continue as the company’s president ex-executive advisor, according to Arab News. Prior to joining Al Jouf Cement, Mr Al-Nuhair held a number of leadership roles in joint-stock companies. |
Qassim Cement Co sees 73% fall in profits in 1H2217 August 2022, Published under Cement NewsQassim Cement Co posted a 73 per cent drop in profit during the 1H22, hit by lower cement demand. The Saudi cement producer’s profit fell to SAR54m (US$14m), compared to SAR201m in the prior-year period. The company’s performance declined due to lower sales both in value and volume terms, higher costs of goods sold, as well as lower returns on financial investments, Arab News reported. Company revenue also declined by 30 per cent during the 1H22 to SAR295m. |
ASEC wins two-year operation and maintenance contract with BMIC16 August 2022, Published under Cement NewsArab Swiss Engineering Co (ASEC) has won a two-year contract for the operation and maintenance of Building Material Industries Co ’s Assuit cement plant , Egypt. This follows the first phase of preparation. The contract was signed by Dr Said Mohamed Hussein, chairman and managing director of BMIC and Ashraf Al-Kahky, CEO and managing director of ASEC. Previously, ASEC had the technical management responsibility for the plant during the 2011-19 period. |
Fujairah Cement sees narrowing 2Q loss12 August 2022, Published under Cement NewsUAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in the equivalent quarter of the previous year. Second-quarter revenues came in at AED88.7m, down from AED90.8m in the 2Q21. |