Cement News tagged under: Saudi Arabia

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CNBM signs turnkey contract with Arabian Cement Co for 10,000tpd plant

10 April 2015, Published under Cement News

CNBM International Engineering Co Ltd has signed a turnkey contract with Arabian Cement Co for a 10,000tpd clinker line in Jeddah, Saudi Arabia. It is the largest order signed by CNBM Engineering in international cement engineering markets, the company said in a statement. At the contract signing, the CEO of Arabian Cement Company (ACC) said that he believed CNBM’s Engineering mode “CNBM Plus” would bring the best project quality and a rapid return on investment. Zhang Liao, General Manage...

Saudi cement sales see annual gains

09 April 2015, Published under Cement News

Saudi cement sales for the month of February 2015 were 6.5 per cent higher than in February 2013 and 9.7 per cent higher than February 2014 when the market was impacted by a labour shortage caused by a government immigration crackdown, according to new research from NCB Capital. Sales were 3.3 per cent lower than in January 2015, but this was due to the shorter working month. NCB Capital said the increase was led by smaller players in the market like Najran Cement and Aljouf, who are co...

Saudi: Yanbu first-quarter net profit edges ahead

08 April 2015, Published under Cement News

Yanbu Cement Company posted a net profit of SAR207m (US$55.2m) in the three months to 31 March 2015, up one per cent from SAR205m a year earlier, the Saudi-based company said in a bourse statement. Net profit increased 7.2 per cent against SAR193m for the previous quarter, its interim consolidated financial results showed. Gross profit for 1Q15 reached SAR224m versus SAR223m for the same quarter of the previous year, an increase of 0.45 per cent. Operational profit for the first quarter ...

Siwertell supplies Saudi road mobile unloader

31 March 2015, Published under Cement News

Siwertell, part of Cargotec, has received an order to supply a road mobile unloader to the cement division of the Rashed Al-Rashed & Sons Group in Saudi Arabia. The unloader has already been built at Siwertell AB's premises in Bjuv, Sweden, and delivery was carried out in March, just over two months after the order was placed. The Siwertell diesel powered 5 000 S road mobile unloader is equipped with a dust filter and double bellows system to allow seamless, uninterrupted bulk material tr...

Southern Province Cement starts trial operations of new line

25 March 2015, Published under Cement News

Southern Province Cement (SPC) on Monday launched trial operations of a third production line at its plant in Tuhama, Saudi Arabia, the company said in a bourse filing. Without disclosing any financial details, SPC said the new production line will have a daily capacity of 5000t. The trial period will last about four months.

Saudi calls for lift of export ban to supply Egypt

19 March 2015, Published under Cement News

Saudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al-Rasheed, chairman of the national cement committee in the council of Saudi chambers of commerce and industry. “We are ready to export 6Mt of our cement surplus to Egypt following the signing of large contracts between that country and global companies this week,” Mr Al-Rasheed  told the Saudi Arabic language daily Al...

Qassim Cement approves dividend, Saudi Arabia

09 March 2015, Published under Cement News

Saudi cement producer Qassim Cement Co (QCC) approved at a general meeting on Sunday a cash dividend payment of SAR270m (US$72m), or SAR 3 per share, for the second half of 2014. The total dividend for 2014 stands at SAR6/share, or SAR540m, as QCC has already paid a dividend of SAR270m for the first half of 2014. The company booked a net profit of SAR563.6m for the 12 months to December 2014, a decrease from SAR585m a year earlier.

Yanbu Cement Co signs contract for WHR plant

05 March 2015, Published under Cement News

Yanbu Cement Company (YCC), one of Saudi Arabia’s leading cement companies and a major player in the western region of the kingdom, has signed a contract for the establishment of a 34MW waste heat recovery (WHR) power plant at its cement plant located north of Yanbu town. Sinoma Energy Conservation Ltd of China will set up the WHR plant at a cost of US$61.8m. The agreement was signed in YCC's head office in Jeddah yesterday. Raouf Abuzinadah, managing director of Yanbu Cement Company,...

Listed Saudi firms see 3.8% increase in 2014 sales

02 March 2015, Published under Cement News

Sales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hayat daily said. Net profits rose by 6.10 per cent in the year to SAR6.2bn compared to SAR5.83bn in the previous year, the report added. Meanwhile, the National Committee for Cement Companies (NCCC) said the volume of demand on cement is poised to grow by four per cent to reach SAR59.5Mt in the current year compared to...

Eastern Province Cement names new chairman, deputy chairman

17 February 2015, Published under Cement News

Saudi-based producer Eastern Province Cement Co (EPC) approved at a meeting on Sunday the appointment of Turki bin Fahd as board chairman. The company also named Abdul Mohsen al-Ruwaishid as deputy board chairman. In a separate statement on Monday, the cement manufacturer announced a 21 per cent YoY increase in net profit to SAR374m (US$99.7m) last year attributed to higher ready-mix concrete sales.