Cement News tagged under: Middle East
Qatar's cement production falls in May22 July 2020, Published under Cement NewsQatar’s Industrial Production Index for May 2020 declined two per cent YoY to 104.2 points, but this was a six per cent increase compared to April 2020. Issued by the Planning and Statistics Authority, the index details the growth of various industrial sectors such as mining, manufacturing and electricity production. In particular, the production of cement and other non-metallic mineral products fell 13.8 per cent MoM in May. When considered in annual terms the decline was much more severe ... |
Egypt sees cement sales surge 42% in June21 July 2020, Published under Cement NewsEgypt's cement industry has reported a sudden surge in total sales, recording 3.64Mt during June 2020, including minimal exports, up 42 per cent MoM and one per cent YoY. June's improvement follows on from one of the lowest monthly sales run rates on record during May, which were impacted by the coronavirus (COVID-19) pandemic and the partial lockdowns. The MoM turnaround was recorded across companies including Suez Cement, which reported a sales growth of 55 per cent MoM and 24 per cent... |
New waste treatment plant to supply RDF in UAE14 July 2020, Published under Cement NewsThe construction of a solid waste treatment plant in Umm Al Qaiwain, UAE, is nearing completion. One operational, the facility will process waste from the nearby region and supply RDF to cement plants. The AED132m (US$36m) unit is expected to process 1500t of waste every day to produce 300,000tpa of alternative fuel, according to Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment. The plant is expected to begin operations in the final quarter of 2020. |
Yanbu Cement appoints new chairman14 July 2020, Published under Cement NewsYanbu Cement Co has appointed Fahd Bin Soliman Al Rajhi as chairman of the board, reports Reuters. Mr Al Rajhi served since 2017 as deputy chairman of the Saudi-based cement producer and is also vice chairman of Sahara International Petrochemical Co. |
Southern Province Cement names new CEO13 July 2020, Published under Cement NewsSaudi Arabia’s Southern Province Cement has named Aqeel Futis Kadasa as its new CEO, effective from 12 July 2020. The appointment follows the resignation of Safar Mohammad Dhufayer on 11 July. Mr Kadasa began working for Yamama Cement and then the Saudi Electricity Company before joining Southern Province in 1997, where he later became deputy CEO for industrial services. |
Lebanese market contracts 56% in 1H2007 July 2020, Published under Cement NewsCement consumption in Lebanon fell by 55.7 per cent in the first six months of 2020. Demand decreased to 300,334t in the 1H20 from 677,620t in the 1H19, according to Libnanews. Local cement plants have reportedly ceased their activities following delays in the renewal of quarry permits. |
Jordanian Cement Factories files for insolvency06 July 2020, Published under Cement NewsThe Jordanian Cement Factories Co has announced that it will file for insolvency on the back of adverse financial conditions, worsening as a result of the COVID-19 pandemic, according to The Jordan Times. As a result, the company has partially halted sales, collection and production. The company’s management had worked on a road map to restructure the company to increase sales, production and operational efficiency. However, the negative economic impact caused by the pandemic has impeded ... |
Najran Cement Co fully repays loan for WHR project02 July 2020, Published under Cement NewsNajran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit facility was originally supposed to be repaid in three instalments due on 31 December 2020, 31 March 2021, and 30 June 2021, according to a bourse filing. Following this transaction, the company now has a SAR355m loan that will be paid in instalments over five years. |
Raysut Cement targets east African expansion02 July 2020, Published under Cement NewsOman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase production from 5Mta to 26Mta in the next few years. The expansion would be accomplished through a mixture of joint ventures, acquisitions and greenfield cement projects, added Ghose. Expenditure would amount to US$65-78m in the next two years. The main area for growth would be in east Africa where the company plans to add 1... |
Saudi Arabia records 10% demand increase in 5M2025 June 2020, Published under Cement NewsSaudi Arabia’s cement sector has reportedly seen a 10 per cent YoY demand growth in the first five months of 2020, according to Al Rajhi Capital. Qassim Cement and Yanbu Cement saw the highest YoY increase of 21 and 18 per cent, respectively, for the combined period of April and May. However, when comparing the first two months of 1Q20 with the first two months of 2Q20, volumes have declined by almost 50 per cent. "We estimate that for the next couple of years, the industry will wit... |