Cement News tagged under: Middle East
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... |
Proposed Lebanon plant to be relocated02 April 2015, Published under Cement NewsA cement factory that was set to be built in Zahle, Lebanon, will be relocated to another area, according to reports by the Daily Star (Lebanon). The planned cement factory, which has been met with widespread opposition for Zahle residents and officials over health and environmental concerns, will now be relocated after an agreement was reached with the head of the project, Pierre Fattouch, Archbishop of the Greek Catholic diocese of Zahle and Forzol Issam Darwish announced in a news co... |
Saudi calls for lift of export ban to supply Egypt19 March 2015, Published under Cement NewsSaudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al-Rasheed, chairman of the national cement committee in the council of Saudi chambers of commerce and industry. “We are ready to export 6Mt of our cement surplus to Egypt following the signing of large contracts between that country and global companies this week,” Mr Al-Rasheed told the Saudi Arabic language daily Al... |
Vicat shows good profit growth in the USA, India and Africa11 March 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per... |
Italcementi improves margins06 March 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-... |
Iran 11-month export update04 March 2015, Published under Cement NewsIran exported 17.5Mt of cement and clinker in the first 11 months of the current Iranian fiscal year (21 March 2014-19 February 2015), according to the industry's association. Secretary of Iran's Cement Industry Employers Association, Abdolreza Sheikhan said that 61Mt of cement and 64Mt of clinker were produced in the mentioned period, Iran’s ILNA news agency reported earlier this week. Iran currently exports cement to 24 countries including Iraq, Azerbaijan, Turkmenistan, Afghanistan... |