Cement News tagged under: Northern Region Cement Co

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Northern Region Cement posts 75% profit fall in 2018

21 March 2019, Published under Cement News

Saudi cement producer Northern Region Cement saw a 75 per cent drop in its net profits to SAR13.09m (US$3.5m) in 2018 from SAR52.95m in the previous year, according to data published on the Saudi Stock Exchange. The company attributed the fall to strong competition in Saudi Arabia and Jordan, which put downward pressure on prices. In the fourth quarter of 2018, profits declined to SAR13.33m from SAR15.41m in the 4Q17, according to Mubasher. In the 3Q18 the company reported a 60.4 per cen...

Al Rashed signs agreement to market and distribute NRCC's white cement

23 October 2018, Published under Cement News

Saudi Arabia's Al Rashed Cement has signed an agreement with Northern Region Cement Co (NRCC) to facilitate marketing and distribution of NRCC’s white cement. The value of the one-year contract will be determined based on market price, according to a statement to the stock exchange. NRCC reported a loss of SAR6.69m (US$1.78m) in 2Q18, compared with a profit of SAR8.26m for the year-ago period. In the 1H18, the company recorded a SAR5.23m net loss.

Saudi cement production falls 7% in April

11 May 2018, Published under Cement News

The total production of Saudi cement companies fell 7.4 per cent YoY in April 2018, declining to 4.2Mt from 4.54Mt. Furthermore, sales in the country dropped 9.5 per cent YoY in the same period, according to a report released by Yamama Cement Co. However, cement inventories rose 4.6 per cent to 1.19Mt in April. Elsewhere, Saudi Cement Co reported a 7.9 per cent increase in sales volume to 519,000t for the April period. Northern Region Cement Co announced a seven per cent YoY decrease in sa...

Wärtsillä extendes NRCC power plant manenagement agreement

31 January 2018, Published under Cement News

Wärtsilä and Northern Region Cement Company (NRCC) of Sauid Arabia signing a new three-year asset management agreement for NRCC's power plant in Turaif, Saudi Arabia. Wärtsilä will continue to be responsible for the operation and maintenance of the power plant and to ensure the reliability and availability of its operations. This agreement, signed in October 2017, is an extension of Wärtsilä’s previous service agreements for NRCC's power plant signed in 2008. The 62 MW power plant is equip...

Northern Region Cement profit drops 61.6%

04 May 2017, Published under Cement News

Northern Region Cement Co reported a 61.6 per cent YoY decline in profits for the first quarter of this year, the Saudi-based cement producer said in a bourse filing on Wednesday. Profits reached SAR16.48m (US$4.4m) in 1Q17, down from SAR42.9m in the comparative period of the previous year. The company attributed the drop in profit to lower volumes and selling prices, as well as higher competition. Total sales contracted by 44.92 per cent to SAR127.3m in the quarter under review compa...

Saudi Arabia: Northern Region Cement Co appoints new board top

17 March 2017, Published under Cement News

Saudi Arabia’s Northern Region Cement Co has appointed Sulaiman bin Salim Al-Harbi as the Board's chairman. The board also assigned the role of the deputy chairman to Raed Ibrahaim Al Mudieheem, according to a bourse filing on Wednesday. The company said that the board's new session will start on 16 March and last for three years, ending on 15 March 2020.

Saudi Arabia: Northern Cement profits down 57% in 4Q16

19 January 2017, Published under Cement News

Northern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces volumes. Weaker demand and lower prices have also affected annual results as Northern Cement saw it...

Saudi Arabia: Northern Cement sees 43% profit fall in 3Q16

20 October 2016, Published under Cement News

Northern Region Cement Co reported a 42.83 per cent decline in net profits to SAR30.09m (US$8m) in 3Q16 from SAR52.64m a year earlier.  Profits also decreased 38.16 per cent QoQ, according to the company's statement to the Tadawul. The decrease in profits has been attributed to lower sales following a weaker domestic demand amid the Hadj season and summer holidays, complemented by a rise in costs as fuel prices rose.

China National Building Material Co Ltd (CNBM)

29 April 2015, Published under Cement News

Arabian Cement Company has appointed CNBM to supply and install two new mills at its cement plant in Rabigh. The contract, which includes all engineering, construction and electrical and mechanical works is reportedly worth US$96.5m. The project is expected to complete in 13 months. In Saudi Arabia, CNBM has already completed first and second line projects for Northern Region Cement Company and is currently undertaking a turnkey project to Southern Province Cement to include a 5000tpd cli...

Saudi Arabia: Northern Cement 1Q14 profits surge 42%

21 April 2014, Published under Cement News

Northern Region Cement Company reported SAR60,761,806 profit over the Jan-Mar 2014 period, up 42 per cent compared with SAR42.79m over the same period in the year before.