Cement News tagged under: Middle East
AICCE 21 - Equipping the Middle East18 January 2017, Published under Cement NewsThe 21st Arab International Cement Conference and Exhibition (AICCE 21) took place at the Abu Dhabi National Exhibition Centre in the United Arab Emirates (UAE) on 16-18 November 2016. This annual gathering, which incorporates the largest equipment supplier fair in the region, attracted 615 delegates from 136 companies. Over 600 delegates gathered at the 21st Arab International Cement Conference and Exhibition to find out more about the latest advances in cement production technolo... |
Saudi producers prepare for discussions over export ban19 February 2016, Published under Cement NewsSaudi cement producers will meet government officials soon to discuss lifting the ban on their exports by around 20 per cent, a Saudi daily reported. In turn cement producers will ensure a two-month supply for the local market, the Arabic-language Alyaum newspaper said, quoting Abdullah Ridwan, chairman of the construction and property committee at the Jeddah chamber of commerce and industry. “The cement companies in the Kingdom are preparing to meet representatives from the commerce and i... |
Jordan cement demand at 4Mta in 201528 January 2016, Published under Cement NewsJordan’s consumption of cement declined to 4Mt in 2015, down by 300,000t from a year earlier due to weaker construction activities and government projects, the head of the Future Society for Cement Traders, Mohammed Ghazi Abu Soufa, said. He added that production capacity of cement plants reached 10Mt. Only a small surplus is exported due to closing borders with Syria and Iraq. (Source: Mubasher Info) |
Saudi Arabia: Qassim Cement Co 4Q net rises 4.6%08 January 2016, Published under Cement NewsQassim Cement Co recorded net earnings of SAR141m (US$37.5m) during the fourth quarter of 2015, a rise of 4.6 per cent from SAR134m in the year-ago period. Full-year net earnings increased four per cent YoY from SAR564m to SAR586m. The cement producer attributed the profit growth to higher sales volume and value, as well as low general and administrative expenses. |
Oman: Raysut’s nine-month net profit down14 October 2015, Published under Cement NewsOman’s largest cement producer, Raysut Cement Co (RCC), said its net profit for the first nine months of this year fell 24.24 per cent to OMR15.81m (US$41m). The company’s revenue edged down to OMR69.38m from OMR70.76m, while the cost of sales rose to OMR43.88m from OMR40.16m, the company said in a stock market filing. Gross profit also slipped to OMR25.50m, against OMR30.59m for the nine-month period of 2014. The preliminary results are subject to approval by the company’s Audit Committe... |
Gulf Cement 1H profit down 29%, UAE06 August 2015, Published under Cement NewsGulf Cement Company reported a 29.34 per cent drop in first-half profit drop to AED30.89m (US$48.4m), compared to AED43.7m (US$12m) in the same period of 2014. On a more positive note, second quarter profit increase from AED15.75m versus AED9.3m in 2Q14 according to Abu Dhabi Securities Exchange. The company previously reported profits of AED15.14m in 1Q15, compared to AED53m in 1Q14, registering a sharp decline of 71.4 per cent YoY. Gulf Cement Co's plant in Ras Al Khaimah started with... |
OCC first-half net profit down13 July 2015, Published under Cement NewsOman Cement Co (OCC) net profit declined by just over 40 per cent in the first half of this year to OMR5.44m (US$14.1m) from OMR9.09m in 1H14, the company said in its filing of initial numbers with the Muscat Securities Market. Revenue declined marginally to OMR25.53m in the first half of this year compared with OMR25.68mn in the corresponding period of 2014. Investment and other income fell sharply by 54.1 per cent to OMR1.8m from OMR3.94m. As a result, Oman Cement 's total revenue fell 7... |
New orders for Cemengal in South America and MEA27 May 2015, Published under Cement NewsCemengal has signed new orders for conventional grinding stations and its Plug&Grind ® solution to undisclosed customers in the South America, and the Middle East and Africa (MEA) regions over the past few weeks. South America Plug&Grind Cement grinding plant with a production capacity of 90,000tpa: ball mill Ø2.2m x 9.5m and 500kW; bag filter for 25,000m³/h. The scope of supply includes electrical sub-station to feed the new P&G unit and cement transfer infrastructure to existing silos... |
Algeria: GICA to increase capacity to 18.5Mta by end-201705 May 2015, Published under Cement NewsState-owned Groupe Industriel des Ciments d’Algérie (GICA) will invest DZD154bn (US$1.6bn) to increase its production by from 11.5Mta currently up to 18.5Mta by the end of 2017. The investment involves the expansion of two cement plants and construction of a further two cement facilities, the group's CEO Rabah Guessoum told Algerie Press Service (APS). Expansion work at Chlef and Ain Kebira (Setif) has already been launched, and will allow the group to reach a production capacity of 15.5Mt... |
CNBM signs turnkey contract with Arabian Cement Co for 10,000tpd plant10 April 2015, Published under Cement NewsCNBM International Engineering Co Ltd has signed a turnkey contract with Arabian Cement Co for a 10,000tpd clinker line in Jeddah, Saudi Arabia. It is the largest order signed by CNBM Engineering in international cement engineering markets, the company said in a statement. At the contract signing, the CEO of Arabian Cement Company (ACC) said that he believed CNBM’s Engineering mode “CNBM Plus” would bring the best project quality and a rapid return on investment. Zhang Liao, General Manage... |