Cement News tagged under: Saudi Arabia
Saudi Cement reports 5.9% second-quarter rise16 July 2013, Published under Cement NewsSaudi Cement Co reported a 5.9 per cent increase in second-quarter net profit on Monday, thanks to increased demand. The company posted a second-quarter net profit of SAR307m (US$81.7m) compared to SAR290m in the same period in 2012. Net profit for the first six months of 2013 was SAR647m, up five per cent from the previous year. |
Higher volumes and sales boost Yanbu first half, Saudi Arabia15 July 2013, Published under Cement NewsYanbu Cement Co's first-half net profit rose by 44.7 per cent YoY to SAR521m (US$138.9m), thanks to higher production and sales volumes supported by the start of its kiln line No 5 last year. Earnings per share (EPS) stood at SAR 3.31, up from SAR 2.29 a year ago. For the second quarter of 2013, YCC registered a net profit of SAR274m, an increase from SAR216m a year earlier. |
Qassim Cement first-half net profit rises, Saudi Arabia11 July 2013, Published under Cement NewsQassim Cement posted a SAR334.6m (US$89.2m) net profit for the first half of 2013, up from SAR307.4m a year ago. The company attributed the increase to a rise in sales coupled with lower expenses, but did not provide any exact figures. Earnings per share (EPS) stood at SAR 3.72, compared with SAR 3.42. |
Najran Cement undertakes maintenance on Kiln Line 1, Saudi Arabia09 July 2013, Published under Cement NewsSaudi Arabia-based cement producer Najran Cement said it has shut Kiln Line No 1 for scheduled maintenance which will take 25 days to complete. The cost of the shutdown is around SAR5m (US$1.3m), according to the company’s projections. Last Monday the company said it was ready to begin trial operations of its new 6500tpd Kiln Line 3 within a week. |
Qassim Cement line resumes production, Saudi Arabia02 July 2013, Published under Cement NewsSaudi Arabia-based Qassim Cement Company (QCC) said that a fire which broke out last Wednesday was caused by a fuel leak from the pumping station. Damage from the blaze led to the temporary suspension of one kiln line. However, the company said it embarked on immediate repair measures and production was scheduled to have resumed yesterday. QCC does not expect the kiln stoppage to have a negative impact on sales. |
Saudi Arabia: 35,000t of imported cement shipments27 June 2013, Published under Cement NewsSaudi Port Authority (SPA) says cement shipments have been coming since the start of implementing the decrees of Custodian of the Two Holy Mosques King Abdullah to import 10Mt of cement to cover local demand. About 350,000t of cement have reached from the UAE and Egypt through various Saudi ports. "Shipments have come through Dammam, Jeddah and Jazan ports, some through Yanbu, and some others are scheduled to arrive through Jubail and Dammam ports," said Musaid Al-Darees, press spokesman... |
Saudi Arabia: Eastern Province Cement launches trial operations of new kiln line27 June 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Co (EPC) said in a bourse statement that it launched trial operations of its new production line yesterday. The new kiln line will have a cement capacity of 600tpd. The trial period will take three months. |
APSCO organises technical symposium for cement sector26 June 2013, Published under Cement NewsArabian Oil Supply Company (APSCO), manufacturer and marketer of Mobil oils in Saudi Arabia, recently held a seminar in the Egyptian city of Al-Ghardaqah on the importance of synthetic oil and its role in reducing crashes and increase the productive capacity of factories and equipment. The symposium was attended by many experts and engineer of Saudi cement industry, as well as experts from Exxon Mobil. A number of APSCO oil production experts addressed the attendees about the role of Mobil ... |
Saudi Arabia: new cement firm to be set up in Riyadh24 June 2013, Published under Cement NewsSaudi Arabia's Minister of Commerce and Industry, Dr Tawfiq bin Fawzan Al-Rabiah, has approved plans to establish a new cement producer in Riyadh City. Umm-Al-Qura Cement will be established with a capital of SAR200m provided through 20m shares with a nominal value of SAR10. According to the official Saudi Press Agency, the minister's approval for the new firm came in line with the kingdom's policy to boost economic activities, which is leading to a rash of major construction and infras... |
Al Jouf Cement halts production for maintenance, Saudi Arabia17 June 2013, Published under Cement NewsAl Jouf Cement is to halt production for two weeks for unscheduled maintenance work, the company said in a statement on the Saudi bourse website. The cement producer will stop production from 17 June to 30 June according and the maintenance process is expected to cost about SAR6m (US$1.6m) which will be reflected in its second quarter financial results. Al Jouf highlighted that the stoppage will not have any impact on its ability to meet its customers’ requirements. Al Jouf Cement is p... |