Cement News tagged under: Najran Cement Company
Najran secures finance for waste heat project21 April 2014, Published under Cement NewsNajran Cement has signed a SAR150m Sharia-compliant loan facility with Banque Saudi Fransi, aimed at financing the company’s waste heat recovery project. The loan has a maturity period of five years (April 18, 2014 until December 31, 2019). It will be repaid in six quarterly instalments at SAR25m each, starting from September 30, 2018 until December 31, 2019. |
Najran Cement launches trial operations of WHR plant, Saudi Arabia13 January 2014, Published under Cement NewsNajran Cement on Saturday launched on Saturday trial operations of the first phase of its waste heat recovery (WHR). The trial will take 10 days to complete and the commercial launch is yet to be announced. The WHR project, with a projected power generation capacity of 27.1MW, is being carried out by China's Sinoma Energy Conservation on a turnkey basis. The installatin will help Najran reduce CO2 emissions and HFO consumption, as well as improve energy efficiency. Najran Cement operat... |
Najran completes Line 2 maintenance, Saudi Arabia12 September 2013, Published under Cement NewsNajran Cement has successfully completed maintenance and resumed operations of Kiln Line 2. The completion was extended by four days to 10 September to link line No 2 to a waste heat recovery plant currently being built by Sinoma Energy Conservation. The US$45m WHR project will have a power generation capacity of 27.1MW and will completed in March 2014. |
Najran delays launch of WHR project, Saudi Arabia30 August 2013, Published under Cement NewsNajran Cement has postponed the launch of its waste heat recovery (WHR) plant by six months, the company said in a bourse statement yesterday. The Saudi-based cement producer will now bring the new WHR plant on line in March 2014 instead of September 2013 as originally planned. The project is costing US$45m with a projected power generating capacity of 27.1MW. |
Najran Cement hopes to re-open second line22 August 2013, Published under Cement NewsNajran Cement announced a temporary closure of its second cement line yesterday for scheduled maintenance, which is likely to cost around SAR400,000 (US$106.655). The shutdown is not expected to affect the company's supply of cement to the market. The closure follows repairs to the company's first line which has already been closed twice this year. Work also began to start pilot production at Najran Cement's third line earlier this year. The new line is being constructed by China's CEIC, wh... |
Najran Cement appoints new board chairman, Saudi Arabia16 August 2013, Published under Cement NewsNajran Cement has approved the appointment of Mohammed bin Mani bin Sultan Aba al-Ala as board chairman and managing director, with a three-year term. The company also named Daifullah al-Ghamidi deputy board chairman. |
Najran Cement resumes operations of Kiln Line 1, Saudi Arabia13 August 2013, Published under Cement NewsSaudi-based cement producer Najran Cement has resumed operations at Line No 1 following the successful completion of maintenance. The production line was closed for scheduled maintenance on July 8. Najran Cement had said that the shutdown would cost SAR5m (US$1.3m). In late June, the company announced it was ready for trial operations at its third production line with a capacity of 6500tpd, with an expected launch a within a week. Najran currently operates two clinker lines of 6000tpd ... |
Najran Cement undertakes maintenance on Kiln Line 1, Saudi Arabia09 July 2013, Published under Cement NewsSaudi Arabia-based cement producer Najran Cement said it has shut Kiln Line No 1 for scheduled maintenance which will take 25 days to complete. The cost of the shutdown is around SAR5m (US$1.3m), according to the company’s projections. Last Monday the company said it was ready to begin trial operations of its new 6500tpd Kiln Line 3 within a week. |
Najran Cement 3Q12 net profit down, Saudi Arabia29 October 2012, Published under Cement NewsSaudi Arabian cement company Najran Cement posted a net profit of SAR36.2m (US$9.7m) for the third quarter of 2012 compared to SAR83.3m in the corresponding period of 2011, representing a fall of 56.55 per cent. However, on a QoQ basis, net profit increased by 36.19 per cent compared to the second quarter of the year. The reason for net profit of third quarter being higher than the second quarter 2012 is that second quarter was subject to bear additional costs for IPO and arrears of royal... |
Najran Cement CEO resigns15 August 2012, Published under Cement NewsSaudi cement producer Najran Cement said in a bourse filing yesterday that Ahmad Zuqeil had resigned from the position of CEO, effective August 31, according to reports by SeeNews Middle East and Africa. Najran Cement is currently working on an expansion project which will boost its annual production capacity to 5000t of cement. Completion is scheduled for the third quarter of 2013. Najran Cement booked a net profit of SAR107.2m (US$28.6m) for the first half of 2012, down from SAR146.4m in... |