Cement News tagged under: Saudi Arabia
Saudi: Al Jouf Cement signs financing agreement with Alinma Bank16 December 2015, Published under Cement NewsAl Jouf Cement has signed a Murabaha financing agreement with Alinma Bank at a total value of SAR350m. The financing period extends from 15 December 2015 until 14 December 2022, with a grace period of two years, the cement producer said in a bourse statement. The facility, secured against a promissory note, is aimed at rolling over the company's outstanding loans and financing some of the current projects. Al Jouf's second production line will help repay this loan, the statement added |
Hail Cement Co to halt kiln line for annual maintenance, Saudi Arabia10 December 2015, Published under Cement NewsHail Cement Co said it will shut down its production line for the annual maintenance of the kiln and raw mill for the period 8-19 December. The relevant impact will appear in the financial statements of the fourth quarter of 2015, while the cement mill and packing line will be in operation. Accordingly, the company's commitment towards its customers will not be impacted. |
China National Building Materials (CNBM)01 December 2015, Published under Cement NewsChina National Building Materials (CNBM) has received an order from Arabian Cement Company (ACC) for a new grinding plant complete with two Loesche 63.3+3 vertical roller grinding mills with a table diameter of 6.3m and main drive size of 7400kW. The plant, being constructed in Rabigh, Saudi Arabia, will have a clinker production capacity of 10,000tpd. The project will be undertaken on a ‘Fast-Track Concept’ basis with a schedule – from the point at which the contract takes effect to the ... |
Saudi: Southern Province Cement commercial operations from new line01 December 2015, Published under Cement NewsSouthern Province Cement launched on Monday the commercial operations at the third line of its Tihama plant, with a clinker production capacity of 5000tpd, the company said in a statement to Tadawul. The Saudi cement producer aims to increase the plant’s capacity to 15,000tpd. Accordingly, the total capacity of the company’s three plants reaches nearly 28,000tpd. |
Saudi considering lifting export curbs on cement30 November 2015, Published under Cement NewsSaudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted a customs department official as saying on Sunday. Reuters reported that Saudi government bodies are studying whether to ease restrictions on cement and steel exports after local production doubled, exceeding the storage capacity of the kingdom's largest companies, customs department spokesman Essa al-Essa told Eqtisadiah without g... |
Tabuk Cement continues trial run on second production line30 November 2015, Published under Cement NewsTabuk Cement said trial operations are still proceeding at Line 2 at its plant in Saudi Arabia. Commercial operations are expected to start in the third quarter of 2016, the cement producer said in a bourse statement on Sunday. |
Saudi 10-month demand update18 November 2015, Published under Cement NewsSaudi Arabia consumed 50.2Mt of cement in the first 10 months of 2015, up by eight per cent, reflecting increased construction activity in the kingdom, according analysts Aljazira Capital. Cement dispatches for October 2015 reached 5.13Mt from 4.06Mt in October 2014, signalling a rise of 18.2 per cent MoM and 26.2 per cent YoY. The research house forecasst that cement demand will maintain a modest growth in the short term due to the recovery of the local market after last year’s shortage of... |
Loesche wins new Saudi cement grinding order12 November 2015, Published under Cement NewsArabian Cement Co (ACC) has placed an order with CNBM (China) for a cement grinding plant including two Loesche vertical roller grinding mills. ACC is planning to build a new brownfield cement line in Rabigh, Saudi Arabia, with a clinker production capacity of 10,000tpd. Phase 1 of the project involves increasing grinding capacity prior to the completion of the new line (ie, Phase 2). Loesche's scope of supply includes two large LM 63.3+3 vertical roller grinding mills with a table... |
Saudi Cement Co unveils new brand identity22 October 2015, Published under Cement NewsSaudi Cement Co has launched a new brand identity an event which also marked company's diamond jubilee. Present at the ceremony were senior government officials, businessmen, suppliers and clients. According to a statement, the company chose to evolve its brand and motto in order to reflect a new identity and pledge its commitment to clients. Chairman Khalid bin Abdul-rahman Al Rajhi said the launch of the new identity confirms that Saudi Cement is looking forward to a brighter future. He ... |
Wärtsilä signs power plant maintenance contract with Umm AlQura Cement21 October 2015, Published under Cement NewsWärtsilä has signed a three-year maintenance agreement with Umm AlQura Cement Company for its power plant near Taif city in Saudi Arabia. With this asset management agreement, signed in August 2015, Wärtsilä assumes full responsibility for operations and maintenance of the power plant consisting of five Wärtsilä 32 engines with combined output of 47MW and its related equipment. ”We wanted a partner that can provide us with the highest possible level of risk management, ongoing maintenance a... |