Cement News tagged under: Middle East
Iranian cement demand reaches 5.78Mt in June 202126 July 2021, Published under Cement NewsThe Iranian cement market consumed 5.78Mt of cement in June 2021, remaining level with the 5.78Mt reported in May. This demand was entirely met by local cement production, which reached 6.02Mt in June while clinker production stood at 6.75Mt. In May cement and clinker output reached 6.1Mt and 6.68Mt, respectively. In addition, 0.63Mt of clinker and 0.36Mt of cement was exported in June. Exports of both clinker and cement fell when compared with May, when clinker exports were at 0.79Mt a... |
Yanbu Cement posts 23% rise in revenue16 July 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported a 11.1 per cent YoY fall in net profit to SAR115.23m (US$30.73m) in the first half of 2021, compared to SAR129.56m in the year-ago period. Revenue advanced 23 per cent YoY to SAR535.09m from SAR434.33m in the 1H20. In the second quarter of the year, net profit increased 12 per cent YoY to SAR41.83m while revenue climbed 54.6 per cent to SAR242.69m in the 2Q21. |
Vicat confident cement business in Egypt will improve15 July 2021, Published under Cement NewsVicat has been operating in the Egyptian market for the past 17 years, since its acquisition of the Sinai Cement Co in 2003 and it will keep investing in the country even during times of crises, says Sinai Cement Country Manager, Tamer Magdy. Egypt remains promising for investment, despite the negative impacts of COVID-19 crisis on the economy. The country ’s GDP is still expected to reach five per cent in 2022, said Tamer Magdy. "The economic reform decisions taken by the Egyp... |
Oman Cement posts 5% decline in net profit15 July 2021, Published under Cement NewsOman Cement has posted a 4.8 per cent decline in net profit to OMR2m (US$5.2m) in the first half of 2021, compared to OMR2.1m in the year-ago period. Total revenue fell 9.1 per cent YoY to OMR24m from OMR26.4m in the 1H20. |
Raysut Cement sees net loss contract in 1H2115 July 2021, Published under Cement NewsOman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total revenue remained largely consistent YoY at OMR45m from OMR44.8m in the 1H20. |
Redecam completed Sokhna cement baghouse project14 July 2021, Published under Cement NewsA new Redecam Group Sp A turnkey project has been successfully started up on Line 2 at LafargeHolcim’s Sokhna cement plant, Egypt. Redecam Egypt converted the main kiln/RM electrostatic precipitator filter into a baghouse filter. It also enhanced the cooling system for the clinker cooler, including a partial ESP retrofit. Finally, the company revamped the by-pass gas cooling tower (GCT) and dust transport system. The project follows a successful Redecam installation at the s... |
Egypt to cut cement manufacturing by 11%07 July 2021, Published under Cement NewsEgypt's competition authority has approved a request by 23 cement manufacturers to temporarily reduce production to reduce output, setting a baseline cut at 10.69 per cent. The competition authority decision, dated 5 July, said there would be additional cuts of 2.81 per cent for each production line and further cuts depending on the company’s age, according to a Reuters report. The quotas would come into force on 15 July and remain in place for one year, the document said. |
Sinoma Construction to supply 2000tpd white cement line for Biskria Cement05 July 2021, Published under Cement NewsSinoma Construction Algeria has signed a contract with Biskria Cement for a 2000tpd white cement project, including site installation and civil construction service contract. Rong Yakun, assistant general manager of the company and general manager of the Algerian company, and Mr. HOGGUI Mohamed Laid, chairman of Biskria Cement Company, signed the contract on behalf of both parties. The project is located in the Branis area. The scope of the project is to transform the original grey cem... |
Saudi Cement announces new board member02 July 2021, Published under Cement NewsSaudi Cement Co has announced the resignation of board member Mohammad Sulaiman Balghonaim and the appointment of Mansour Mohammed Balghonaim as a member of the board to complete the term of his predecessor for the remainder of the current term, which ends on 31 December 2021. Mr Balghonaim has around 16 years of experience in banking and currently serves as head of Business Development for Wholesale Banking at the Gulf International Bank. |
Iranian cement market expands 28% MoM in May16 June 2021, Published under Cement NewsIranian cement consumption in May 2021 reached 5.78Mt. This represents a 28.4 per cent MoM increase from 4.5Mt in April 2021. In addition to domestic deliveries, producers exported 0.34Mt of cement, down 26.1 per cent MoM, and 0.79Mt of clinker, up 3.9 per cent MoM. The country’s cement plants produced 6.1Mt of cement in May 2021, a 21 per cent increase when compared with April 2021, when cement output stood at 5.04Mt. Clinker production declined 4.6 per cent in May 2021 to 6.68Mt from 7M... |