Cement News tagged under: Middle East
Ras Al Khaimah Cement reports 9% decline in profit12 February 2021, Published under Cement NewsUAE-based Ras Al Khaimah Cement Co has reported a nine per cent decline in net profit to AED50.71m (US$13.8m) last year, compared to AED55.71m in 2019. The company's revenue also fell 15 per cent YoY to AED153.08m from AED181.66m. During the first nine months of 2020, the company's net losses had surged to AED23.7m from AED6.4m in the year-ago period. |
Gulf Cement Co sees net loss widen in 202011 February 2021, Published under Cement NewsUAE-based Gulf Cement Co has posted a net loss of AED273.5m (US$74.47m) in 2020, compared to a net loss of AED26.8m in the previous year. The company’s revenue also declined 22 per cent YoY to AED345.9m from AED443.6m in 2019. |
Yanbu Cement prepares to shutdown Line No 4 for 60 days11 February 2021, Published under Cement NewsYanbu Cement announced that its production line No 4 will be shut down for 60 days from the 15 February 2021, in line with the implementation of its strategic plan of modernisation, according to a bourse filing. Cement sales will not be impacted by the suspension of the production line, given the sufficiency of its clinker strategic stocks, reports the company. Meanwhile, production line No 5, which represents 60 per cent of the company's total capacity, will continue at full capac... |
Lucky Cement announces 3.15Mta Pezu expansion02 February 2021, Published under Cement NewsPakistan’s Lucky Cement Ltd has announced a further expansion to its Pezu plant on the back of positive results from the domestic cement sector. "Keeping pace with the increasing demand in the domestic cement industry, on the back of revival of economic activity and uptick in construction projects including both retail level projects as well as mega infrastructure development projects the company has decided to enhance its cement production capacity at its Pezu Plant by 3.15Mta," said the ... |
Oman Cement orders ABB's optimisation technology02 February 2021, Published under Cement NewsOman Cement Co (OCC) will build on long-term ABB relationship with the installation of ABB’s state-of-the-art ABB Ability™ System 800xA to optimise performance on all three process lines at the Muscat-based cement factory, which has a 3.5Mta cement production. ABB has built on a 40-year relationship with leading cement producer OCC in delivering the latest digital control systems to boost operational efficiency, increase availability, lower costs and drive sustainability. ABB has also re... |
ASEC and Qatrana Cement extend O&M contract01 February 2021, Published under Cement NewsASEC of Egypt and Qatrana Cement Co of Jordan have announced the extension of the operation and maintenance (O&M) contract for an additional three years. The collaboration started back in 2010 when partners entered into an O&M agreement and ASEC was entrusted with the full responsibility of the operation and maintenance of the 1.5Mta Qatrana Cement plant from raw material crushing up to cement dispatch. "This contract marks a milestone in our cooperation with Qatrana Cement Company and ... |
Qatar National Cement Co sees net profit down 14%28 January 2021, Published under Cement NewsQatar National Cement Co has seen a 6.2 per cent YoY fall in sales to QAR659.62m (US$181.2m) in 2020, against QAR703.03m in the previous year. Net profit also declined 13.8 per cent YoY to QAR148.46m from QAR172.16m in 2019. |
Suez Cement sells 51% stake in Hilal Cement25 January 2021, Published under Cement NewsSuez Cement (HeidelbergCement group) has offered its 51 per cent stake in Hilal Cement Co of Kuwait for sale through the Kuwait Bourse on 24 January 2021. The Board of Directors of Suez Cement gave advanced notice of its intention to sell the company’s stake in Hilal Cement on 5 March 2020. Suez Cement’s Board of Directors approved the decision on 9 December 2020 when it delisted from the Egyptian stock exchange. The total amount fo shares for sale amount to 25,736,191. |
Raysut Cement Co begins construction of 9MW WHR system21 January 2021, Published under Cement NewsOman’s Raysut Cement Co has begun construction of a new 9MW waste heat recovery (WHR) system at its plant in Salalah. The project is expected to contribute to the company’s ambitious sustainability targets, which include reducing power consumption capacity by 25-30 per cent, lowering CO 2 emissions and cutting water consumption by more than 50 per cent. The producer has contracted Sinoma Overseas Development Co Ltd for the project on an EPC basis. |
Hama Cement sees cement production reach 1.06Mt in 202011 January 2021, Published under Cement NewsThe Syrian Co for the Manufacture of Cement and Building Materials (Hama Cement) has reported 1.06Mt of cement production for 2020. Clinker production also reached 714,000t during the year, according to the Syrian Arab News Agency (SANA) . Ali Ja’abo, general manager, noted that the technical and production teams at the company have created new working methods, equipment and devices that have proven their efficiency, which contributed to reducing costs and increasing the production. As a ... |