Cement News tagged under: Qatrana Cement Company

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ASEC and Qatrana Cement extend O&M contract

01 February 2021, Published under Cement News

ASEC of Egypt and Qatrana Cement Co of Jordan have announced the extension of the operation and maintenance (O&M) contract for an additional three years. The collaboration started back in 2010 when partners entered into an O&M agreement and ASEC was entrusted with the full responsibility of the operation and maintenance of the 1.5Mta Qatrana Cement plant from raw material crushing up to cement dispatch. "This contract marks a milestone in our cooperation with Qatrana Cement Company and ...

Arabian Cement makes 2Q18 net loss of SAR50.9m

24 August 2018, Published under Cement News

Arabian Cement Company (ACC) registered a net loss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at its Qatrana Cement factory in Jordan. The company's net profits fell by 5.5 per cent in 2Q18 compared to 2Q17, while sales reached 0.533Mt in 2Q18 down 34 per cent YoY. The Qatrana Cement plant recorded a higher than estimated net loss of SAR52.2m in 2Q18. The company held an inventory of 1.34Mt by the end of June, representing 42.2 per cent of the last 12 month's pro...

Qatrana Bank receives US$140.9m loan from Arab Bank Jordan

21 July 2017, Published under Cement News

Jordan-based Qatrana Cement, the subsidiary of the Saudi-based Arabian Cement Co, signed an agreement with Arab Bank Jordan for a loan worth JOD100m (US$140.9m). The loan will be repaid on eight years divided into 16 equal installments, Arabian Cement added in its statement to the Saudi Stock Exchange (Tadawul). The fianl instalment will be on 11 June 2025. The receipts of financing will be used by Qatrana Cement to repay part of the funding previously awarded to the plant by parent com...

Qatrana Cement workers strike on pay dispute

25 June 2012, Published under Cement News

Qatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed an access road leading to the works. According to reports in Construction Week, industrial action lasted for eight day after the ministry of labour interceded to negotiate between workers and factory management. Workers had erected a Bedouin tent across the main gates of the cement plant and demanded an end to ‘lo...