Cement News tagged under: Middle East
Saudi cement demand to see 3% uptick in 202405 January 2024, Published under Cement NewsCement demand in Saudi Arabia is forecast to advance by three per cent in 2024 in terms of volumes, compared to a decline of eight per cent in 2023, reports Aljazira Capital. The first 11 months of 2023 saw local dispatches fall to around 43Mt, marking a 7.4 per cent contraction YoY, mainly driven by weak construction activity in the housing sector. Going forward, demand is expected to come primarily from the construction of giga projects, fuelled by government spending. According to ... |
Saudi producers warn of rising production costs05 January 2024, Published under Cement NewsCement producers in Saudi Arabia have received a notification from Saudi Arabian Oil Co (Saudi Aramco) that the price of fuel products used in cement production will be increasing in price, effective from 1 January 2024. Arabian Cement Co , Yamama Cement Co , Qassim Cement Co and Al-Jouf Cement Co are among the cement manufacturers who have warned customers that this adjustment “will impact production costs and efforts are currently underway to calculate the expected financial impa... |
Northern Region Cement signs US$44m Iraq partnership04 January 2024, Published under Cement NewsSaudi Arabia-based Northern Region Cement Co has signed a partnership agreement with Al-Diyar Al-Iraqia for Investments Co which sees the Iraqi company acquire 49 per cent of Northern Region Cement’s Iraqi investments. The deal is valued at US$43.95m and proceeds will be used to inject external investments in promising opportunities and repay a portion of the high-cost loans amid high financing costs, according to a bourse disclosure. The agreement will enable Northern Region Cement to... |
Lafarge faces new terrorism lawsuit20 December 2023, Published under Cement NewsHundreds of Yazidi Americans have launched a lawsuit against Lafarge, accusing it of supporting violence carried out by ISIL (ISIS). According to Aljazeera news, the cement producer is accused of abetting violence and terrorism by providing supplies for the construction of tunnels and prisons. The lawsuit was filed in New York on 14 December, led by Nobel Peace Prize winner Nadia Murad. The lawsuit reportedly states that Lafarge “aided and abetted ISIS’s acts of international terrorism a... |
Reon Energy to supply renewable micro grid to Yemen Cement18 December 2023, Published under Cement NewsClean technology company Reon Energy announces a strategic partnership with Arabian Yemen Cement Co Ltd (AYCCL). Addressing the specific energy challenges of the cement sector, Reon introduced an intelligent renewable micro grid comprising a 13.5MW solar power project and a 5.59MWh Reflex battery energy storage system (BEES) powered by SPARK TM , Reon’s Intelligent Energy Management Platform. The collaboration focusses on key objectives of energy cost reduction and carbon footprint ... |
Saudi exports increase 12% YoY in October15 December 2023, Published under Cement NewsSaudi Arabia recorded 807,000t of cement exports in October 2023, according to Aljazira Capital. This marks an 11.9 per cent advance on the 721,000t reported in the same month a year earlier. Local sales, meanwhile, came in at 4.21Mt in October, down 11.1 per cent from the 4.7Mt seen in October 2022 as the ongoing weakness in housing construction continues. On a MoM basis, local shipments grew 7.5 per cent. Clinker inventories in October 2023 stood at 39.75Mt, reports Zawya, represent... |
CEMEX launches first fully electric, zero-emissions RMC truck06 December 2023, Published under Cement NewsCEMEX has unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East. According to the company, the truck is fully operational and has the capacity to transport a full load of concrete. It is equipped with a state-of-the-art 350kWh battery which allows it to complete an average full workday with a single recharge. CEMEX is collaborating with partners and manufactures to discover, pilot, learn, and scale the long-term solutions needed for hybrid and zero-emiss... |
Betolar and FCP collaborate on cement-free paving06 December 2023, Published under Cement NewsBetolar, a Finnish sustainable materials technology company, and Fujairah Concrete Products (FCP) have launched a number of new products based on the cement-free Geoprime solution developed by Betolar. The two companies have been collaborating since early 2023 to bring new sustainability products to the market that can significantly reduce CO 2 emissions. According to Ville Voipio, chief commercial officer at Betolar, “Cement reduction plays a crucial role in drastically cutting CO 2 emiss... |
thyssenkrupp Polysius and Fujairah Cement Industries sign decarbonisation MoU04 December 2023, Published under Cement Newsthyssenkrupp Polysius and Fujairah Cement Industries (FCI), UAE, intend to cooperate in the future to reduce CO 2 emissions in FCI's production lines. In particular, the potential use of alternative fuels in cement production will be examined. The memorandum of understanding (MoU) was signed at the UN Climate Change Conference (COP28) in Dubai. Pablo Hofelich, CEO of thyssenkrupp Polysius GmbH, said, "thyssenkrupp Polysius has key technologies for significantly reducing CO 2 emissions i... |
Transcargo International to build cement silos for Sinai White Portland Cement01 December 2023, Published under Cement NewsTranscargo International (TCI), a veteran terminal operator in Egypt, announces the signing of an agreement with Sinai White Portland Cement (SWCC), for the development of Egypt’s first bulk cement silos in Arish Port, marking a significant milestone in the cement industry in Egypt and its export capabilities. SWCC, a subsidiary of the world's largest white cement manufacturer , Aalborg Portland Group (Cementir Holding NV), operates one of the world's largest white cement plants in... |