Cement News tagged under: Middle East
Yamama sees 9% dip in 1H profits27 July 2022, Published under Cement NewsYamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales increased by 3.3 per cent to SAR209.28m from SAR202.57m in the 2Q21. |
Iranian cement market remains stable20 July 2022, Published under Cement NewsCement demand in Iran reached 5.8Mt in June 2022, edging up slightly when compared with 5.78Mt of cement sold in June 2021. Iranian cement plants produced 6.6Mt of clinker and 5.58Mt of cement in June 2022. Clinker output slipped by 2.2 per cent from 0.63Mt in June 2021 while cement output declined by 7.3 per cent YoY. In addition to supplying the domestic market, they exported 0.93Mt of clinker, up 47.6 per cent YoY, and 0.36Mt of cement, which remained stable when compared with June 20... |
Iranian cement sales decline in May20 June 2022, Published under Cement NewsThe Iranian cement market contracted 11.6 per cent YoY to 5.11Mt in May 2022 from 5.78Mt in May 2021, according to the Iranian cement association. In addition to domestic deliveries, 0.301Mt of cement and 0.558Mt of clinker was exported in May 2022. This represents a YoY decrease of 11.5 per cent for cement (May 2021: 0.34Mt) and 29.4 per cent for clinker (May 2021: 0.79Mt) Output of cement declined 11.8 per cent YoY to 5.38Mt in May 2022 when compared with the year-ago period when cement... |
Misr Cement (Qena) approves operations and maintenance programme20 June 2022, Published under Cement NewsThe board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). The factory was managed by Arab Swiss Engineering Company (ASEC) under an agreement that ends ion 30 June 2022. On 16 May Misr Cement (Qena) reported a 106 per cent YoY increase in consolidated profit attributable to controlling shareholders during the 1Q22, recording EGP59.631m (US$3.18m). |
Suez Cement awards WHRPG project to Korra Energi15 June 2022, Published under Cement NewsKorra Energi has been awarded a new strategic, 'Waste Heat Recovery for Power Generation (WHRPG) project at Helwan Company ( Suez Cement Group), which is affiliated with HeidelbergCement Group . Korra Energi was pleased to take the lead with such an environmental and eco-friendly and Energy Efficiency application, as it is the first of its kind to be applied in Egypt for the cement industry. Korra Energi has taken charge of the design and build of the project where wasted heat generat... |
Court ruling favours Arabian Cement in Emaar Economic City case13 June 2022, Published under Cement NewsArabian Cement Co reports that it has received a Jeddah commercial court order in its favour, ordering Emaar The Economic City to supply to the company 4.57Mt of limestone based on the agreement signed by the two parties on 28 April 2012. The ruling will be deemed final if no appeal is filed within 30 days. In September 2021 Arabian Cement filed a lawsuit before Jeddah Commercial Court against Emaar EC which is building King Abdullah Economic City, claiming the remaining quantities of l... |
Al-Ahlia Cement launches tender for lime factory modernisation07 June 2022, Published under Cement NewsLibya’s state Al-Ahlia Cement company ( National Cement Co Group ) is offering a tender to restart its lime factory in the Souq Al-Khamis complex. The company explained that the planned restart of its lime factory will be on a joint venture (JV) basis in accordance with the Libyan Investment Law number 10 of 2010 and its executive regulations. The tender is for the renovation, operation and marketing of the lime factory output for a renewable 10-year period. Al-Ahlia has invited intereste... |
Southern Province Cement starts work on new Jazan plant01 June 2022, Published under Cement NewsSouthern Province Cement Co has started work on its new 5000tpd plant in Jazan, Saudi Arabia. The project is part of the company’s plans to boost its production capacity to 10,000tpd and gradually replace its current production lines. Southern Province Cement’s performance remained under pressure in the first quarter of 2022 as revenues were down 25 per cent YoY . |
Najran Cement secures SAR328.5m loan from Al Rajhi Bank01 June 2022, Published under Cement NewsSaudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annual instalments with a six-month grace period, according to a bourse filing on 31 May. While the long-term financing will fully settle the company’s sole existing long-term loan, the funding also includes a SAR50m short-term facility to support the group’s capital. In the 1Q22 Najran Cement generated SAR23.28m in net p... |
Algerian port exports record clinker levels in 4M2226 May 2022, Published under Cement NewsThe port company of Skikda in Algeria has exceeded its annual clinker export target set at 274,907t, by exporting more than 325,000t in the first four months of the year, according to Abdelmalek Hamidecha, the company's communication and information officer. The increase in clinker exports at the port has been enabled through facilitation measures taken to encourage and support economic operators and promote exports. The clinker was exported from the port to Germany, France, Great Britain... |