Cement News tagged under: Saudi Arabia
Qassim Cement Co plans 30MW solar power plant04 January 2022, Published under Cement NewsSaudi Arabia's Qassim Cement Co will mandate a consulting firm to help with the preparations for a 30MW solar plant at its site in Buraydah city. Qassim Cement produces about 4Mta of cement. The company will invest SAR152m (US$40.53m) to build a cement mill at its plant in Buraydah with a capacity of 300tph. |
Arabian Cement expects start Rabigh mills for 4Q2230 December 2021, Published under Cement NewsWhile completion of the new cement mills at Arabian Cement Co’s Rabigh plant in Saudi Arabia has reached 99.5 per cent, the project’s contractor, CNBM, has not been able to enter the country to resume work on the project, said Arabian Cement Co in a statement to the Saudi stock exchange. Resumption of work will be possible following the approval of relevant government agencies in China for the project team’s travel requirements. As a result, the expected date of commercial operations will ... |
Qassim Cement to establish new cement mill at Buraydah29 December 2021, Published under Cement NewsQassim Cement, Saudi Arabia, has entered into a preliminary agreement with the Chinese company, CDI, for the engineering, supply and construction of a new cement mill to be installed at the company's Buraydah cement plant. The new mill will have a replacement capacity of 300tph. The agreement with CDI includes the supply of mechanical and electrical equipment, including design and supervision of civil works, installations and commissioning test. The company said in a bourse filing t... |
Umm Al-Qura Cement Company granted limestone exploration license29 December 2021, Published under Cement NewsUmm Al-Qura Cement Company, Saudi Arabia, announced the issuance of an exploration license for limestone on 28 December 2021 from the Ministry of Industry and Mineral Resources. The license location is situated between Taif and Radwan. This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 10/19/1441 AH and its executive regulations. The company will carry out the necessary exploratory studies on the new quarry during the statutory... |
Yamama Cement Co makes early loan repayments16 December 2021, Published under Cement NewsYamama Cement Co announced the early repayment of SAR130m (US$34.6m) worth of two loan installments to Saudi Industrial Development Fund (SIDF), according to a bourse filing. The company has an outstanding debt balance of SAR1.178bn, reports Argaam. The repayment of the two installments, which were due in 2022, was financed from the company’s available cash. The early repayment is in line with the company’s strategy aimed at boosting its financial efficiency. |
Yanbu Cement completes modernisation project14 December 2021, Published under Cement NewsYanbu Cement Co has announced the completion of its Kiln Line 4 modernisation project following the recent shutdown. The reason for exceeding the previously announced end date is due to the delay in receiving some spare parts and the improvement of operations of the Line 4. |
Saudi Cement sales fall to 4.7Mt in November09 December 2021, Published under Cement NewsThe aggregate sales of 17 Saudi cement producers decreased by five per cent to 4.7Mt in November, compared to 4.9Mt in the same month last year, according to Yamama Cement Co. Locally, 14 market players reported lower sales, led by Northern Region Cement Co with a 54 per cent YoY drop. It was followed by United Cement Industrial Co, whose sales were down 31 per cent YoY, and by City Cement Co, which posted a fall in sales of 20 per cent YoY. Three companies recorded higher sales, headed... |
Tanga port receives large clinker consignment23 November 2021, Published under Cement NewsTanzania’s Tanga port has received a consignment of 50,000t of clinker from Saudi Arabia, which is reportedly on transit to Prime Cement in Rwanda. Tanga Regional Commissioner, Adam Malima, said: "The government investment in expanding the port has started bearing fruits because the port can now host large vessels, something which was not possible before the expansion," he said. "I call on the Prime Cement Ltd to hold a meeting with Tanzanians haulers and other transport logistics firm... |
Middle East: diversification is key22 November 2021, Published under Cement NewsFollowing years of conflict, the potential for cement demand in the Middle East is huge. Add to this the drive by governments to develop and expand various industries to reduce their reliance on oil and gas revenues. Meeting this demand, however, requires investment at a time when state revenues have plummeted and the region is facing escalating humanitarian crises. Global oil prices declined by more than 50 per cent in March 2020 as lockdown measures grounded international flights ... |
Qassim Cement sees sales down 27% YoY08 November 2021, Published under Cement NewsSaudi Arabia’s Qassim Cement has reported a net profit of SAR60.4m (US$16.11m) in the third quarter of 2021, down 49.7 per cent YoY from SAR110.1m. Sales also decreased 26.5 per cent to SAR170.3m from SAR231.6m in the 3Q20. |