Cement News tagged under: Najran Cement
Saudi Arabia: Najran Cement reports lower 2Q16 profits25 July 2016, Published under Cement NewsNajran Cement in Saudi Arabia has announced lower earnings during the second quarter of 2016, according to a bourse filing. Earnings fell 56.8 per cent YoY to SAR33.6m (US$8.96m) from SAR77.83m due to lower sales volumes. The gains made by an increase in average sales prices and a fall in selling and distribution expenses were offset by a slowdown of building and higher energy prices. In the first half of 2016, Najran Cement earned SAR94.69m, representing a 44.2 per cent decrease YoY f... |
Saudi producers' 2Q net profit drops16 July 2015, Published under Cement NewsSaudi Cement reportedly dropped an 11.8 per cent in net profit for 2Q15 to SAR254m, from SAR288m in 2Q14. It attributed the fall in net profit to lower local sales without elaborating. Another Saudi producer, Najran Cement made net earnings of SAR77.8m in the second quarter ended 30 June, falling 7.77 per cent from SAR84.3m in the year-earlier period. The profit decline was mainly attributable to the increase in selling and distribution (cement transportation incentives), general and ad... |
Najran to meet investors for riyal sukuk issue08 May 2015, Published under Cement NewsSaudi Arabia-based Najran Cement plans to meet fixed income investors starting on Sunday for a riyal-denominated sukuk issue, the company said yesterday. Najran has appointed Saudi Fransi Capital as sole lead manager, the firm said in stock market filing. Proceeds from the issue will be used to refinance debt and for general corporate purposes. Najran did not provide details of the tenor and size of the issue. |
Phase 2 of Najran WHR trial operations to continue to end-April22 January 2014, Published under Cement NewsNajran Cement has said trial operations of a second phase of its waste heat recovery plant are expected to continue to the end of April, the Saudi-based producer said in a bourse statement. The company launched phase 1 of trial operations at the plant on 11 January which will take 10 days to complete. Commercial operations are yet to be announced. The 27.1MW project is being carried out by China’s Sinoma Energy Conservation on a turnkey basis. The US$44.9m investment will help Najran to r... |
Najran Cement's Line 3 begins production25 September 2013, Published under Cement NewsNajran Cement has said that commercial production of its third production line has started. The Saudi-based cement producer said output was launched on 21 September 2013. The new production line has a clinker capacity of 6500tpd. Najran Cement floated on the Saudi stock exchange in April 2012, raising US$226.5m to fund construction of the third line. However, earlier this month the company said that it had been refused permission from Saudi’s Ministry of Petroleum and Resources to supply t... |
Najran to connect WHR unit, Saudi Arabia09 September 2013, Published under Cement NewsNajran Cement has extended the maintenance period of line No 2 so it can connect the production line to its waste heat recovery (WHR) plant currently under construction, the company said in a bourse statement yesterday. The maintenance was scheduled to be completed by 6 September but the company decided to extend it to 10 September 2013 to link production line 2 to the WHR power plant currently being carried out by China's Sinoma Energy Conservation. The US$45m WHR project, to be complet... |
Najran Cement awards new line to Chinese contractor, Saudi Arabia15 May 2013, Published under Cement NewsSaudi cement producer Najran Cement has awarded a contract for the installation and maintenance of a third production line to Chinese firm CEIC. The new production line will have a capacity of 7000tpd and is expected to begin trial operations in 3Q13, the company said in a bourse filing. Najran Cement operates a cement plant situated in Sultana which has two clinker lines of 6000tpd and 3000tpd each. |