Cement News tagged under: Middle East
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... |
City Cement revenue falls 13% YoY in 2Q2315 August 2023, Published under Cement NewsSaudi Arabia’s City Cement has posted revenue of SAR77.8m in the second quarter of 2023, down 13 per cent YoY. Net income over the same period fell 2.2 per cent to SAR24.3m, while the profit margin came in at 31 per cent, up from the 28 per cent seen in the second quarter of 2022. The increase in margin was reportedly driven by lower expenses. Earnings per share in the 2Q23 stood at SAR0.17, down slightly from SAR0.18 in the 2Q22. According to the company, revenue is expected to advance ... |
Al Jouf Cement reports 41% YoY increase in revenue14 August 2023, Published under Cement NewsAl Jouf Cement has reported revenue of SAR138.23m in the first half of 2023, marking a 40.6 per cent increase compared to the same period a year earlier. Net profit over the same period improved from SAR1.8m to SAR43.6m, driven by an increase in volumes and average selling prices. Earnings per share advanced from SAR0.02 in the 1H22 to SAR0.40 in the corresponding period the following year. In the second quarter of 2023, revenue stood at SAR67.96m, up 37.3 per cent YoY from the SAR49.48m... |
Lafarge Jordan launches Shamel eco cement08 August 2023, Published under Cement NewsHolcim Ltd subsidiary Lafarge Jordan Cement has introduced Shamel, an environmentally friendly cement as part of the company’s sustainability drive. In a statement, Lafarge Jordan CEO, Samaan Samaan, highlighted the company's successful transformation in adopting an environmentally-conscious approach, noting that the entire product range has been revamped to embrace eco-friendly alternatives, a strategic move that resonates with the global vision of its parent company. "Shamel" represe... |
Attock Cement Pakistan Ltd completes share sales in Iraqi subsidiary03 August 2023, Published under Cement NewsThe Company Secretary at Attock Cement Pakistan Ltd, Irfan Amanullah, has informed the Pakistan Stock Exchange (PSX) that further to the company’s intimation dated 21 June 2023, regarding the sale of the entire shareholding of the company in its subsidiary Saqr Al-Keetan for Cement Production Co Ltd (SAKCPCL), it announces that the process of transfer of 9m shares to the buyers is duly completed on 26 July 2023 and the shares have been registered in the name of buyers under the Iraqi Law... |
Qena Cement undergoes assessment for alternative fuel project31 July 2023, Published under Cement NewsAs part of Misr Cement Group’s commitment to its strategy to "positively impact on the environment”, the Qena cement plant has submitted an environmental impact assessment study for an alternative fuel project. The project is entitled “Using different types of hazardous and non-hazardous waste as an alternative fuel". The company aims to reduce its thermal energy use by harnessing alternative fuels as an energy source in cement kilns, and the safe disposal of hazardous and non-... |
Iran’s cement market contracts 18% in June 202325 July 2023, Published under Cement NewsCement demand in Iran has declined by 17.6 per cent YoY to 4.78Mt in June 2023 when compared with June 2022, according to the Iranian Cement Association. Cement exports saw a 37.2 per cent increase YoY to 0.494Mt in June 2023 while clinker exports decreased by 30.6 per cent YoY in the same period. Output from Iran’s cement plants increased by 3.5 per cent to 6.83Mt of clinker and by 13.6 per cent YoY to 6.34Mt in terms of cement. January-June 2023 In the first half of 2023 cement sale... |
Fujairah plant orders WHR system from Turboden17 July 2023, Published under Cement NewsTurboden SpA, a Mitsubishi Heavy Industries Group company, together with ENGIE Solutions GCC, has been selected by LEC for the production and installation of a 10MWe WHR organic Rankine cycle (ORC) system at the Fujairah cement plant, UAE. Based on a closed-loop thermodynamic cycle, the ORC system will help LEC avoid 29,000tpa of CO 2 emissions from the grid, representing a reduction of 28 per cent in power-related emissions. The waste heat recovery system based on the ORC techn... |