Cement News tagged under: Saudi Arabia

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Saudi Cement delays kiln starts until 3Q12

16 May 2012, Published under Cement News

Further to Saudi Cement Company announcement in February 2012 regarding re-operating of Kiln No. 6 with 4000tpd of clinker capacity, and also the re-operating of three old kilns with total capacity of 1325tpd during the month of May 2012, the company has announced that due to technical reasons re-operating of all four kilns will take place during the third quarter of 2012. (Source: Mist News)

Saudi Arabia: cement sales hit new record

23 April 2012, Published under Cement News

Cement sales in March 2012 grew by 12.6% to reach 4.9Mt, a record high for monthly sales, based on a new report issued by NCB Capital on Wednesday. According to the report, clinker production grew by 10% to reach 4Mt, another record. However, clinker stocks declined sharply by 44.4% to reach 5.02Mt, the lowest level since August 2008. “Domestic cement sales rose 12.6% YoY and 10.2% MoM to 4.89Mt in Mar-12. Local clinker sales rose to 135,000t against 10,000t in February 2012,” the report ...

Saudi cement sales reach monthly high – report

19 April 2012, Published under Cement News

Saudi Arabian cement sales and clinker production reached record monthly highs in March 2012, a new report by NCB Capital shows. “Domestic cement sales rose 12.6 per cent YoY and 10.2 per cent MoM to 4.89Mt in Mar-12. Local clinker sales rose to 135,000t against 10,000t in February 2012,” the report said. Clinker production was up 10 per cent YoY and 22.3 per cent MoM in March 2012 to 4Mt, another record NCB noted. Among listed players, Southern Cement reported the highest increase in...

Saudi Cement Co 1Q net rises, Saudi Arabia

16 April 2012, Published under Cement News

Saudi Cement Co posted a 53.4 per cent rise in first-quarter net profit of SAR325.6m (US$86.8m) in the period, compared with SAR210.8m a year earlier, the company said in a statement to the Saudi bourse.

Hail Cement gets government fund for new plant, Saudi Arabia

13 April 2012, Published under Cement News

Hail Cement Co said in a bourse statement yesterday that the Saudi Industrial Development Fund (SIDF) had agreed to extend a SAR300m (US$160m) loan. The Saudi Arabian cement producer will use the funds to complete the construction of its cement plant in Turbah, which is scheduled for completion in the first quarter of 2013. (Source: SeeNews Middle East and Africa).

Yamama Saudi Cement 1Q12 net profit rises

11 April 2012, Published under Cement News

Yamama Saudi Cement said Tuesday its first-quarter profit surged 54% on the year to SAR278m (US$74.1m) due to higher sales and improved operational efficiency. First-quarter earnings per share were SAR1.37 versus SAR1.33 a year ago, the company said in a statement posted on the Saudi bourse website. Operating profit for the three-month period rose to SAR287m, compared with SAR184m in the year-earlier period, it said. Earlier this week domestic peers Yanbu Cement and Qassim Cement also r...

SIDF approves new cement plant loan, Saudi Arabia

09 April 2012, Published under Cement News

The Saudi Industrial Development Fund’s board of directors (SIDF) has approved a loan for a new cement factory to help meet demand in the the Hail region. Speaking to Arab News, Ali bin Abdullah Al-Ayed, director general of the fund, said the fund would continue to support the cement sector to meet the growing demand for the product in different regions. “We have approved a loan of SAR300m to establish a new cement factory in Hail.” The new factory would produce 1.7Mta, which can meet the...

Saudi cement companies 1Q net profit rise, Saudi Arabia

09 April 2012, Published under Cement News

Two leading Saudi Arabian cement producers have reported a rise in first quarter 2012 net profit due to higher sales.   Yanbu Cement said its first quarter 2012 net profit surged 43.6 per cent YoY to SAR145m (US$38.7m). Earnings per share stood at SAR1.38, up from SAR0.6 from the same period last year.   Meanwhile, Qassim Cement net profit rose 7.7 per cent to SAR158.4m (US$42.3m). First-quarter earnings per share were SAR1.76, down from SAR1.64 a year earlier, while operating profit rose 6....

Tabuk Cement new ready-mix venture, Saudi Arabia

03 April 2012, Published under Cement News

Saudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners.

Saudi Arabian cement heads to Yemen

03 April 2012, Published under Cement News

Large quantities of cement from Saudi Arabia are being smuggled into Yemen at competitive prices due to the decline of local supply and increased demand in Yemen, according to local press reports. Head of the financial sector of the Public Cement Corp, Abul-Malik Al Qirishi told the Yemen Times that trucks that transfer salt to the Saudi town of Jazan, return to the Hodeida in Yemen carrying Saudi Arabian cement. Mr Al Qirishi states that the increasing flows to Yemeni markets is due t...