Cement News tagged under: Middle East
Oman takes measures to meet shortfall in cement demand24 March 2022, Published under Cement NewsThe Ministry of Commerce, Industry and Investment Promotion held a joint meeting in Muscat on 22 March 2022 with departments concerned and related companies to discuss cement shortage in some governorates of Oman. One of the local factories suspended production due to the hike in costs of raw materials in the production prices. Almost immediately, Oman Cement announced its readiness to boost its production capacity by 10 per cent to meet the shortfall. The meeting resulted in taking ... |
Tabuk Cement Co sees profits fall by 65% in 202124 March 2022, Published under Cement NewsSaudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales. Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, according to a bourse filing. This came as sales fell by 17.3 per cent to SAR229m. |
Oman Cement Co reports OMR4.447m net profit18 March 2022, Published under Cement NewsOman Cement Co posted a net profit of OMR4.447m (US$11.57m) for 2021, representing a growth in its commercial activities despite the economic impact of COVID-19. Eng Salem Bin Abdullah al Hairi, CEO of Oman Cement, said that these results have been achieved due to a number of policies implemented meet the higher demand and despite the strong competition that was witnessed in the market, not only from local cement companies but also from imported cement brands. In 2021 the company produ... |
Al Safwa Cement to pilot microalgae project15 March 2022, Published under Cement NewsTo promote the concept of a circular carbon economy and support sustainability, a collaboration contract has been signed between Al Safwa Cement Co and Desert Microalgae Technology (DMT), and also its technical partner clean Combustion Research Center (CCRC) at King Abdullah University of Science and Technology (KAUST). At KAUST it was agreed that DMT build and develop a pilot project at Al Safwa plant to cultivate microalgae using waste resources (carbon emitted from flue gas and brin... |
Iran's cement market expands 5% MoM in February15 March 2022, Published under Cement NewsIranian cement consumption reached 4.43Mt in February 2022, supplied entirely by the domestic industry, according to the Iranian Cement Association. This represents a 5.2 per cent increase when compared with January 2022. While cement production stood at 4.43Mt (+5.2 per cent MoM), clinker output reached 4.83Mt (-7.6 per cent MoM). The country exported 1.084Mt of clinker and 0.326Mt of cement in February 2022, representing MoM increases of 33.8 and 35.8 per cent, respectively. |
Saudi Arabian cement sales fall in February08 March 2022, Published under Cement NewsThe aggregate sales of 17 Saudi Arabian cement producers fell 14 per cent to 4.3Mt in February, from 5Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 14 market players reported lower sales: Northern Region Cement C o with a 63 per cent YoY drop, followed by Arabian Cement Co, down 34 per cent YoY, and Al-Jouf Cement Co, down 30 per cent YoY. However, three companies recorded higher sales, led by Yamama Cement Co with a 75 per cent YoY... |
Yanbu Cement profits drop 43% in 202107 March 2022, Published under Cement NewsYanbu Cement saw its revenue slip to SAR934m (US$249.1m) in 2021 from SAR940m in 2020. As selling prices fell, net profit decreased 43 per cent to SAR160m in 2021 from SAR281m in the previous year, according to a bourse filing. An increase in general and administrative expenses also contributed to the decline in profit. |
Arabian and Najran Cement take drop in net profits02 March 2022, Published under Cement NewsArabian Cement Co posted revenues of SAR1003m (US$267.5m) in 2021, up 18.5 per cent YoY from SAR871.9m. However, the company saw its net profit after zakat and tax decline by 12.6 per cent to SAR161.5m in 2021 from SAR184.9m in 2020. Meanwhile, Najran Cement Co reported a 6.7 per cent drop in revenues to SAR581.6m in 2021 from SAR623.2m in 2020. Its net profits after zakat and tax fell 17.6 per cent YoY to SAR165.54m in 2021 from SAR200.94m in 2020. |
Fernando Libonati to lead Business Development at FCT22 February 2022, Published under Cement NewsFernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and worked in Australia, Hong Kong, China, Germany and Brazil. Fernando holds a Mechanical Engineer... |
Iranian cement producers supply 4.21Mt in January14 February 2022, Published under Cement NewsCement producers in Iran produced 4.21Mt of cement and 5.23Mt of clinker, according to the Iranian Cement Association. They supplied the domestic market with 4.23Mt while clinker and cement exports reached 0.81Mt and 0.24Mt, respectively. |