Cement News tagged under: Saudi Arabia
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... |
Umm Al Qura Cement Q3 losses widen 75%, Saudi Arabia19 October 2015, Published under Cement NewsUmm Al Qura Cement posted SAR1.7m (US$0.45m) in net loss for the third quarter of 2015, a rise of 75 per cent from SAR6.9m (US$1.8m) logged in the same period a year earlier. Net loss for the first nine months of 2015 amounted to SAR14.1m, compared with SAR29m in the corresponding period of 2014. |
Saudi Cement third-quarter earnings down 10%16 October 2015, Published under Cement NewsSaudi Cement Co posted net earnings of SAR208m (US$55.5m) for the third quarter of 2015, down 10.34 per cent compared with SAR232m a year earlier. Net earnings for the nine-month period ended 30 September also decreased by 5.21 per cent YoY from SAR806m to SAR764m. The profit decline was due to weak sales, the cement producer said in a statement on Thursday. |
Southern Province Cement posts 29% drop in 9M15 net earnings15 October 2015, Published under Cement NewsSaudi producer Southern Province Cement Co posted net earnings of SAR202m (US$53.9m) for the third quarter of 2015, down 29 per cent compared with SAR285m a year earlier. Net earnings for the nine-month period ended 30 September also decreased by 7.6 per cent YoY from SAR800m to SAR739m. |
Yanbu Cement Co nine-month net profit down 2%12 October 2015, Published under Cement NewsSaudi-based Yanbu Cement Company reported a two per cent decline in net profit over the first nine months of 2015 to SAR597m (US$159m), compared to SAR609m in the same period of 2014. In the third quarter alone, profit was down by 11 per cent to SAR145m versus SAR163m in 3Q14, according to a bourse filing. The profit drop during the first nine months and third quarter of 2015 is mainly attributed to a decline in other revenues. |
Saudi Arabia: Qassim Cement sees 6% rise in 3Q profit09 October 2015, Published under Cement NewsSaudi-based producer Qassim Cement reported a six per cent rise in third-quarter profit to SAR115m (US$30.7m), versus SAR109m in the same quarter of last year, according to a bourse filling. For the first nine months of this year, net profit reached SAR445m, up four per cent from the SAR429m recorded in the the corresponding period of 2014. The rise in profit is attributed higher sales both in terms of volume and revenue. |
Umm Al Qura Cement signs deal with CNBM International Engineering08 September 2015, Published under Cement NewsUmm Al Qura Cement has signed an agreement with CNBM International Engineering to operate a cement production line, the company said in a bourse statement on Monday. The SAR32m (US$8.5m) agreement covers the experimental operational period and first year of operation. The deal will be financed from the company’s cash sources. |