Cement News tagged under: Middle East
Egypt's government set to put the brakes on cement production14 May 2021, Published under Cement NewsThe Egyptian government has decided to take direct action to curb the excess production in the country's cement sector. In an attempt to ease the flow of cement, the government has proposed that cement producers reduce their production by 10 per cent. The government itself has contributed to the oversupply with the creation of its 13Mta military plant in Beni Suef cement plant in 2018, which has seen its sales fall by half, according to military executives. Under the formula proposed last... |
Arabian Cement sees 49% surge in profit10 May 2021, Published under Cement NewsSaudi Arabia’s Arabian Cement Co has seen a 48.5 per cent YoY surge in net profit to SAR67m (US$17.87m) in the first quarter of 2021, up from SAR45.1m in the 1Q20. Sales increased 57 per cent YoY to SAR321.5m from SAR204.6m, or up 10.5 per cent QoQ from SAR290.8m. Net income also advanced 25.7 per cent QoQ from SAR53.3m. |
Saudi Arabian producers report 15% decline in net profit07 May 2021, Published under Cement NewsSaudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho... |
Oman Cement puts US$250m project on hold04 May 2021, Published under Cement NewsOman Cement Co has reportedly put its US$250m Duqm plant project on hold, pending confirmation of fuel availability. "The company's decision to set up a new cement plant at Duqm with a capacity of 5000tpd of clinker has currently been put on hold pending confirmation of the availability of fuel and its strategic decision to expand capacity of its existing plant in Muscat," said the company. In March, the company had received bids from EPC contractors and appointed a project consultant fo... |
Iran produced 68.3Mt of cement in 202003 May 2021, Published under Cement NewsIranian cement plants produced 68.3Mt of cement in 2020, according to the Cement Industry Employers’ Association. This represents a capacity utilisation rate of 78.5 per cent. The association expects output in 2021 to rise to more than 70Mt. |
FLSmidth to upgrade Arabian Cement's Rabigh plant in 4Q2130 April 2021, Published under Cement NewsFLSmidth is to deliver a large efficiency upgrade at Arabian Cement Co’s site in Rabigh, Saudi Arabia. The order includes new DDX top cyclones, a quenching chamber and an ABC™ Cooler Inlet. Installation and commissioning is expected to be during the 4Q21. "The Saudi Arabian cement market is highly competitive with increasing demand, we are therefore constantly looking at ways to improve the efficiency at our Rabigh site," explains Dr Badr Osama Johar, CEO at Arabian Cement Co. "With ... |
Northern Cement posts 89% rise in profit29 April 2021, Published under Cement NewsJordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales also increased 32.4 per cent YoY to JOD9m from JOD6.8m in the 1Q20. |
Arabian Cement faces mill project delay at Rabigh plant23 April 2021, Published under Cement NewsArabian Cement Co said its new cement mill project at the Rabigh plant has been delayed by 150 days and will now be completed in the 4Q21. The delay was due to contractor China National Building Materials Corp being unable to travel to Saudi Arabia to complete the installation and commissioning work because of coronavirus travel restrictions. |
Yanbu Cement sees revenue increase 5%23 April 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 5.4 per cent rise in revenue to SAR292.4m (US$77.97m) for the first quarter of 2021, compared to SAR277.4m in the year-ago period. However, the company’s net profit declined 20.4 per cent YoY to SAR73.39m from SAR92.23m in the 1Q20. Despite the increase in revenues due to improved sales, a decline in the average selling price and the accompanying increase in the cost of sales led to the fall in net profit. |
Yamama Cement to move 10,000tpd kiln line to new site21 April 2021, Published under Cement NewsYamama Cement Co’s board of directors decided, in a meeting on 19 April 2021, to transfer and install the No 7 line from the company’s old production site in the south of Riyadh to the new plant location in Northern Halal in Al-Kharj governorate of the Riyadh region. The company said in a bourse statement that this comes in line with Saudi Arabia’s Vision 2030 to keep pace with development projects. The production capacity of the line is 10,000tpd. Therefore, by the end of 2024, t... |