Cement News tagged under: Middle East
Northern Cement Jordan to install new line02 March 2015, Published under Cement NewsSaudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expansion project, the company will carry out feasibility and environmental studies, the Saudi firm said, without disclosing any financial details. Northern Cement Co booked a net profit of SAR234.3m (USD$62.5m) in 2014, almost unchanged from SAR234.6m a year ago. |
Listed Saudi firms see 3.8% increase in 2014 sales02 March 2015, Published under Cement NewsSales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hayat daily said. Net profits rose by 6.10 per cent in the year to SAR6.2bn compared to SAR5.83bn in the previous year, the report added. Meanwhile, the National Committee for Cement Companies (NCCC) said the volume of demand on cement is poised to grow by four per cent to reach SAR59.5Mt in the current year compared to... |
Kuwait: Hilal Cement books full-year net loss26 February 2015, Published under Cement NewsKuwaiti cement producer Hilal Cement booked a net loss of KWD374,000 (US$1.3m) in 2014, versus a net profit of KWD518,500 a year earlier, the company said in a bourse statement. The loss per share stood at 5 fils, compared to earnings per share of 7 fils. For the final quarter of 2014, Hilal Cement registered a net loss of KWD92,000, versus a net profit of KWD241,600 in 2013. The company attributed the lower performance to higher sales costs and administrative expenses, coupled with a dec... |
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
Iranian full-year export expectations16 February 2015, Published under Cement NewsIran’s exports are expected to reach 18Mt by the end of the current Iranian calendar year ending 20 March 2014, an Iranian official has said. Secretary of the Guild Association of Iran’s Cement Industry Abdolreza Sheikhan said on Saturday that Iran exported 15.9mln tons of cement and clinker in the first ten months of this year (March 21, 2014-January 20, 2015), and added that the industry is seekin to achieve a new record of exporting 18Mt by mid-March. Export destinations include Iraq... |
10th Cemtech MEA opens in Dubai09 February 2015, Published under Cement NewsCemtech Middle East & Africa 2015 opened at the Grand Hyatt Dubai, UAE, today with over 270 participants for a two-day conference covering the worldwide cement industry and manufacturing technology. The 10th Cemtech Middle East & Africa conference opens before an international audience of 270 cement sector professionals Opening the meeting, Thomas Armstrong, managing editor of International Cement Review, provided an overview of the main themes facing the cement sector, part... |
Iran output exceeds 50Mt in first nine months19 January 2015, Published under Cement NewsIran produced 51.645Mt of cement in the first nine months of the current Iranian calendar year (March 21 December 2014), the IRNA news agency reported on Sunday. Moreover, 56.85Mt of clinker were produced over the period. In the first six months, the country's exports reached 7Mt, according to the report. |
Saudi monthly cement sales up 17% YoY14 January 2015, Published under Cement NewsSaudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Yamama Cement Co reveal. Saudi Cement Co registered the largest sales volume during the month with 785,000t, followed by Southern Province Cement (769,000t) and Yanbu Cement (623,000t). The highest YoY increase in December 2014 was achieved by Najran Cement (+109 per cent), followed by Hail Cement (+48 per cent) and... |
Saudi monthly sales up 39% YoY15 December 2014, Published under Cement NewsSaudi Arabia's cement sales rose 39 per cent YoY to 5.09Mt in November 2014 from 3.65Mt in November 2013, according to statistics published by Saudi cement producer Yamama Cement Co. Of the total, domestic sales accounted for 5.03Mt, up 40 per cent YoY. Exports stood at 60,000t, up from 50,000t. Saudi Cement Co achieved the highest sales with 714,000t, up from 562,000t, followed by Southern Province Cement and Yanbu Cement. The highest YoY increase was achieved by Najran Cement (+140... |
Saudi: Eastern Province in talks for new production line10 December 2014, Published under Cement NewsSaudi-based Eastern Province Cement Co said in a bourse statement that the board, in a meeting held on 9 December, discussed the project of establishing a new production line, with a clinker production capacity of 10,000tpd. The board has asked for further clarification regarding cement market data. |