Cement News tagged under: Saudi Arabia
Tabuk Cement first-half net profit edges ahead10 September 2013, Published under Cement NewsSaudi-based producer Tabuk Cement reported a net profit of SAR107m (US$28.5m) for the first half of 2013, up 1.04 per cent from the SAR105.9m in the same period of the year before. The company attributed the rise to cost rationalisation, but did not disclose any exact figures. Earnings per share stood at SAR1.19 almost unchanged SAR1.18m. The company’s operating profit declined to SAR105.5m in January-June 2013, compared with SAR108.9m in the same period of last year. |
Al Jouf Cement appoints director general, Saudi Arabia10 September 2013, Published under Cement NewsAl Jouf Cement has appointed Eissa Baissa as director general, effective 15 September 2013. Prior to joining Al Jouf, Baissa was general manager of one the cement companies operating in Saudi Arabia, Al-Jouf said without disclosing the name. Al-Saleh has a Bachelor Degree in mining engineering from King Abdullah University of Science and Technology, and a Ph.D. in business administration from University of Atlanta, Georgia, USA. |
Najran to connect WHR unit, Saudi Arabia09 September 2013, Published under Cement NewsNajran Cement has extended the maintenance period of line No 2 so it can connect the production line to its waste heat recovery (WHR) plant currently under construction, the company said in a bourse statement yesterday. The maintenance was scheduled to be completed by 6 September but the company decided to extend it to 10 September 2013 to link production line 2 to the WHR power plant currently being carried out by China's Sinoma Energy Conservation. The US$45m WHR project, to be complet... |
Eastern Province Cement first-half net profit falls, Saudi Arabia04 September 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPCC) reported a 9.7 per cent reduction in first-half 2013 net profit due to lower sales, higher production costs and maintainance work carried out during the second quarter. EPCC, which operates 3.2Mta of cement capacity from two cement plants, said net profit fell to SAR187m (US$49.9m) compared to SAR207m a year ago. Earnings per share (EPS) stood at SAR 2.17, compared with SAR 2.41. Operating profit in the six months to the end o... |
Southern Province Cement 1H net profit up 3.7%02 September 2013, Published under Cement NewsSouthern Province Cement posted a SAR566m (US$150.9m) net profit for the first half of 2013, up from SAR546m a year ago. The company attributed the increase to higher sales driven by a rise in local demand. The company operates 6.2Mta of cement capacity in the kingdom from three cement plants. Line 2 at its plant in Tahama was put into operation last year with a capacity of 10,000tpd and a third line is being built at the plant which will expand capacity by a further 5000tpd. When complet... |
Najran delays launch of WHR project, Saudi Arabia30 August 2013, Published under Cement NewsNajran Cement has postponed the launch of its waste heat recovery (WHR) plant by six months, the company said in a bourse statement yesterday. The Saudi-based cement producer will now bring the new WHR plant on line in March 2014 instead of September 2013 as originally planned. The project is costing US$45m with a projected power generating capacity of 27.1MW. |
Higher demand lifts Yamama 1H net profit, Saudi Arabia27 August 2013, Published under Cement NewsSaudi-based producer Yamama Cement Company reported a 11.7 per cent YoY rise in first half net profit thanks to a rise in sales due to higher local demand. For the first six month of the year, profit climbed to SAR544m (US$145m), up from SAR487m in the same period of last year. Gross profit rose to SAR562m from SAR526m a year earlier. |
Najran Cement hopes to re-open second line22 August 2013, Published under Cement NewsNajran Cement announced a temporary closure of its second cement line yesterday for scheduled maintenance, which is likely to cost around SAR400,000 (US$106.655). The shutdown is not expected to affect the company's supply of cement to the market. The closure follows repairs to the company's first line which has already been closed twice this year. Work also began to start pilot production at Najran Cement's third line earlier this year. The new line is being constructed by China's CEIC, wh... |
Najran Cement appoints new board chairman, Saudi Arabia16 August 2013, Published under Cement NewsNajran Cement has approved the appointment of Mohammed bin Mani bin Sultan Aba al-Ala as board chairman and managing director, with a three-year term. The company also named Daifullah al-Ghamidi deputy board chairman. |
Najran Cement resumes operations of Kiln Line 1, Saudi Arabia13 August 2013, Published under Cement NewsSaudi-based cement producer Najran Cement has resumed operations at Line No 1 following the successful completion of maintenance. The production line was closed for scheduled maintenance on July 8. Najran Cement had said that the shutdown would cost SAR5m (US$1.3m). In late June, the company announced it was ready for trial operations at its third production line with a capacity of 6500tpd, with an expected launch a within a week. Najran currently operates two clinker lines of 6000tpd ... |