Cement News tagged under: Middle East
Southern Province Cement elects new board members04 January 2021, Published under Cement NewsSaudi Arabia's Southern Province Cement Co has elected new members to the board of directors for its new session, which began on 1 January 2021 for a period of three years. As such, Dr Hamad Bin Suliman Al-Bazai will serve as the new chairman of the board. Mohammed Bin Nasser Al-Nabit is vice-chairman and Saud Bin Safar Al-Bargan is secretary of the board. |
Oman cement producer closed following complaints31 December 2020, Published under Cement NewsA cement producer in Oman has been temporarily closed after complaints from consumers, according to the Times of Oman. "The Consumer Protection Department in Al Dhahirah recently closed an institution specialising in the sale and production of cement products, according to a judicial decision, on a temporary basis, due to repeated complaints against it for not adhering to transparency and credibility, and for trading in a defective commodity that does not confirm to the standard specifica... |
Hail Cement to repay outstanding loan amount16 December 2020, Published under Cement NewsHail Cement said its Board of Directors decided on 15 December 2020, to pay early and in full the balance amount of the loan from the Saudi Industrial Development Fund (SIDF). The amount of SAR152m (US$40.53m) is what is left from the original loan amount of SAR300m. A total of SAR148mis has already been repaid, the firm said in a statement. The financial impact will be reflected in the statements for the year ending 31 December 2020. |
Raysut Cement scoops Best Employer Brand awards14 December 2020, Published under Cement NewsRaysut Cement Company (RCC) has picked up seven awards and two Best Employer Brand Awards, one focussed on Oman companies and the other on GCC corporate entities. RCC’s CEO, Joey Ghose, won the ‘CEO of the Year’ honour at both the Oman Best Employer Awards 2020, held in October and GCC Best Employer Awards 2020 held in November. The awards RCC picked up at the Oman Best Employer Brand Awards included recognitions for Promoting Health in the Workplace, Best Use of Technology for Trai... |
Saudi Arabia saw cement sales rise 17% in November10 December 2020, Published under Cement NewsCement sales in Saudi Arabia increased 16.5 per cent YoY to 4.75Mt in November 2020, driven by the Ministry of Housing’s programmes, according to NCB Capital Co. On a monthly basis, local cement sales edged up by 0.7 per cent in November, reaching the second-highest monthly figure since January 2017. Clinker production was down 0.8 per cent MoM to 4.3Mt, but cement production saw a modest rise of 1.1 per cent to 5Mt. Clinker exports surged 85 per cent YoY to 490,000t, while the coun... |
Iran's cement exports fall 24% YoY03 December 2020, Published under Cement NewsThe value of Iran’s cement exports in the first seven months of the current Iranian calendar year (20 March-21 October) reached more than US$163.4m, down 11 per cent compared to the same period last year. The quantity of cement exports also fell 24 per cent YoY to 7,630,428t. |
Riyadh Cement completes record kiln operation01 December 2020, Published under Cement NewsSaudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute interruption. The plant also operated the kiln at 103 per cent capacity, averaging 5145tpd of production from 5000tpd of designed plant capacity. The stoppage was preventively taken to inspect the clinker pan conveyor which took about 4-6h maintenance. This performance was only possible due to the high leve... |
Gulf Cement Co approves capital reduction30 November 2020, Published under Cement NewsThe ordinary general meeting of UAE-based Gulf Cement Co has approved a 50 per cent capital reduction to AED410.55m (US$111.79m) from AED821.1m, as a result of the company’s accumulated losses as of 30 September 2020. The company will therefore cancel 410.55m shares, equivalent to the amount of losses, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. |
Sharjah Cement signs SRF supply contract27 November 2020, Published under Cement NewsUAE-based Sharjah Cement Factory has signed a contract with Bee'ah, a leading environmental management company, for the supply of alternative fuel from Bee’ah’s SRF plant. A minimum of 73,000t will be provided each year. This translates to 73,000t of waste being diverted from Sharjah landfills and reused by the UAE’s industries. "Companies and industries in the UAE must work together to realise new efficiencies and achieve the country’s sustainability objectives. We thank Bee’ah for it... |
Al Akaria sells stake in Hail Cement23 November 2020, Published under Cement NewsSaudi Arabia’s Al Akaria, a real estate company, has sold its entire stake in Hail Cement Co at a value of SAR96.9m (US$25.84m). The company had a stake of 6m shares and made a profit of SAR36.9m in the transaction, according to a statement on the Saudi Stock Exchange. |