Cement News tagged under: Middle East
Iranian cement consumption sees 16% rise in August13 September 2023, Published under Cement NewsIran’s cement market expanded by 15.9 per cent YoY to 5.77Mt in August 2023 from 4.98Mt in August 2022, according to the Iranian Cement Association. Cement production increased by 13.8 per cent YoY to 5.6Mt while clinker output edged up by 1.8 per cent to 5.72Mt in August 2023. Domestic cement producers exported 0.38Mt of cement, up 26.7 per cent YoY, but clinker exports fell by 16.5 per cent YoY to 0.66Mt in August 2023. |
City Cement sets up AF joint venture12 September 2023, Published under Cement NewsSaudi Arabia-based City Cement Co has announced that its subsidiary Green Solutions for Environmental Services has set up a joint venture to produce alternative fuel from waste, reports Zawya. The newly-created venture, which reportedly has capital of SAR6.77m (US$1.8m), is owned by Green Solutions (29.4 per cent), Lechtenberg Middle East for Environmental Services Co (19.6 per cent), and Tadweer Environmental Services Company (51 per cent), a unit of Public Investment Fund-backed Saud... |
CEMEX supplies Vertua to Khalifa Port expansion07 September 2023, Published under Cement NewsCEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of the largest port infrastructure projects in the world. Strategically situated midway between Abu Dhabi and Dubai and serving 25 major shipping lines with direct links to over 70 international destinations, Khalifa Port is an 18.5m deep-water multipurpose port with a total of 10.6km of quay wall that include two con... |
Hoffmann Green Cement Technologies to build green plants in Saudi Arabia06 September 2023, Published under Cement NewsHoffmann Green Cement Technologies (HGCT) has signed a 22-year exclusive licensing agreement with Saudi-based Shurfah Group that will see the construction of several green cement units across the kingdom. Founded in 2014 and based in Bournezeau, western France, Hoffmann Green Cement Technologies is a designer, producer and distributor of innovative extremely low-carbon cements that present, at equivalent dosage and with no alteration to the concrete manufacturing process, and superior p... |
Southern Province Cement posts net profit of SAR68m in 2Q2304 September 2023, Published under Cement NewsIn the January-June 2023 period, Southern Province Cement logged net profits after zakat and tax valued at SAR68m (US$18.1m) down 54.6 per cent YoY from SAR150m. Revenues declined by 6.74per cent to SAR526m in the 1H23 from SAR564m in the 1H22, while the earnings per share (EPS) plummeted to SAR0.49 from SAR1.07. During the 2Q23, the company posted 68.9 per cent lower net profits after zakat and tax at SAR19m, compared to SAR61m a year earlier. The revenues decreased by 3.42 per cent... |
Hail Cement's posts net profits of SAR24.5m24 August 2023, Published under Cement NewsIn the 1H23 Hail Cement recovered net profits after zakat and tax valued at SAR24.48m (US$6.53m), compared to net losses of SAR13.72m during the same period a year earlier. Revenues plummeted by 26.3 per cent YoY to SAR121.63m in the 1H23 from SAR164.93m in the 1H22. During the first three months of 2023, the company also turned profitable at SAR5.97m, versus net losses after zakat and tax worth SAR6.82m in the year-ago period. The revenues reached SAR59.78m during April-June 2023, l... |
Kuwait cement factory has fire quickly contained24 August 2023, Published under Cement NewsKuwait Fire Force (KFF) says six teams were able to put out a fire that broke out in a cement and manufacturing paint factory in Shuaiba Industrial area, Kuwait. A report was received at the Central Operations Department stating that a fire broke out in a factory which contains flammable chemicals, the KFF PR and Media Department said in a statement. The plant is believed to be the Kuwait Cement Factory , but the ACICO Cement plant is also in this region. The fire extended to a nearby ... |
Iran's cement market expands by 32% in July23 August 2023, Published under Cement NewsIranian cement consumption increased by 32.2 per cent to 7.09Mt in July 2023 when compared with July 2022, according to the Iranian Cement Association. Domestic cement production edged up by 3.9 per cent YoY to 5.82Mt while clinker output increased by 11.5 per cent YoY to 5.84Mt in July 2023. Iran’s cement producers exported 0.427Mt of cement, up 25.6 per cent YoY, and 0.87Mt of clinker, up 7.4 per cent YoY in July 2023. As a result, total exports increased by 12.8 per cent YoY to 1.297M... |
Dubai laboratory uses AI robots to speed up cement testing17 August 2023, Published under Cement NewsDubai Central Laboratory is deploying artificial intelligence (AI) robots to speed up the testing of building materials. The robots use x-rays to carry out chemical analysis of construction materials and cement products, reports Trade Arabia. The cement testing services are linked to a smart platform, enabling customers to receive analysis reports quickly via smartphone, tablet or mobile device. According to the Dubai Central Laboratory, the introduction of the robots has shortened testing... |
Sinai Cement cuts consolidated loss by 22% YoY in 1H2316 August 2023, Published under Cement NewsSinai Cement Co posted a 22.12 per cent YoY drop in consolidated net loss attributable to the holding company for the 1H23, according to the consolidated financial income statement filed to the Egyptian Exchange (EGX) on 15 August. The company incurred a consolidated net loss excluding minority interest of EGP79.719m (US$2.58m) in 1H23, down from a net loss of EGP102.359m in 1H22. Net sales stood at EGP2.363bn in the period from 1 January until 30 June of this year, up from EGP1.025bn i... |