Cement News tagged under: Northern Region Cement Co

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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.

Northern Region Cement halts production, Saudi Arabia

25 March 2013, Published under Cement News

Saudi Arabian cement producer Northern Region Cement (NRCC) has had to halt operations following the ordered closure of the road leading to the plant which is preventing truck access. The road has been closed due to NRCC’s failure to construct an upper bridge road connecting the plant with the international highway, according to reports by Al-Eqtisadiah. Sources told the daily newspaper that NRCC was required to construct the bridge road by authorities to safeguard others driving in the a...

Northern Region Cement set to launch IPO, Saudi Arabia

07 January 2013, Published under Cement News

Saudi-Arabia based cement producer Northern Region Cement Company (NRC) plans to sell 90 million shares in an Initial Public Offering (IPO) starting tomorrow. The company plans to sell 90 million shares, or 50 per cent of its capital at SAR10 (US$2.7) each over the 8-14 January 2013 period. NRC has appointed ANB Invest, the investment arm of the Arab National Bank, to act as the lead manager and bookrunner for the IPO. The deal was signed by NRCC Board Chairman Sulaiman bin Salim Al-Ha...