Cement News tagged under: Middle East
Yanbu Cement provides update on line modernisation21 April 2021, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co has delivered an updated related to its project which required the shutdown of its fourth line in February. The line modernisation has reached 90 per cent completion, but the project’s expected 60-day timeline has been affected by a delay in receiving spare parts. The company has stated that the financial impact will be limited to the increase in production costs incurred since the shutdown date. Sales are not expected to be impacted due to its sufficie... |
Oman Cement Co reports 16% decline in revenue16 April 2021, Published under Cement NewsOman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period. |
Raysut Cement announces 5% rise in revenue14 April 2021, Published under Cement NewsOman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period. The company also returned to a profit after tax of OMR102,814 against a loss of OMR4m in the 1Q20. |
Qatar National Cement sees 38% rise in sales09 April 2021, Published under Cement NewsQatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20. |
Eggersmann Group commissions new RDF/MSW plant08 April 2021, Published under Cement NewsEggersmann Group has completed the commissioning of the Middle East's first RDF bio-drying project. The 300tpd RDF plant is situated in Sulaymaniyah, Iraq. The facility is also capable of processing 1040tpd (380,000tpa) of municipal solid waste, reaching an overall landfill diversion up more than 80 per cent through the inclusion of biological drying. The client, a local cement producer, negotiated a 20-year agreement for receiving waste from the municipality at the agreed tipping fee ... |
Raysut Cement granted CE and NF markings30 March 2021, Published under Cement NewsOman-based Raysut Cement Co has been granted the CE and NF markings by AFNOR Certification of France, for some products manufactured in the Salalah plant, after passing successfully the CE002:2020 or NF002:2019, NFP 15-317:2006 and NFP 15-318:2006 certifications for some cement qualities that will be exported in the Indian Ocean islands. Raysut Cement has been advised by a consulting company based in Switzerland Quadra Trading, to achieve compliance with the strict quality requirements... |
Yamama Cement signs financing agreement29 March 2021, Published under Cement NewsSaudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in short-term financing. The long-term financing is over a period of five years and is expected to settle other banks’ obligations and improve financial efficiency, while the short-term facility is for one year and will finance Yamama Cement’s working capital. |
Yanbu Cement Co appoints new CEO29 March 2021, Published under Cement NewsYanbu Cement Co’s (Saudi Arabia) board of directors has accepted the resignation of its CEO, Ahmed bin Abdo Zugail, due to personal reasons. Mr Zugail’s resignation was effective from 27 March 2021. The board also appointed Ali bin Abdullah Al-Ayed as the new CEO of the company, effective from the same date. |
Kuwait Portland Cement records 7% fall in profit25 March 2021, Published under Cement NewsKuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total operating revenue fell 46.6 per cent to KWD12.5m from KWD23.4m in the 4Q19. |
Jericho Cement plant to start up in 202222 March 2021, Published under Cement NewsJericho Cement Co plans to build the first cement factory in Palestine. The Palestinian Investment Fund is supporting the project. "The cement mill is one of the most important steps toward achieving self-sufficiency," Muhammad Mustafa, head of the Palestinian Investment Fund said. The US$85m plant will be built with a cement capacity of 1.1Mta and is expected to be completed by 2022. To meet its cement demand of just over 2Mta Palestine currently imports cement from Jordan, Israe... |