Cement News tagged under: Saudi Arabia

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Saudi Arabia: new cement firm to be set up in Riyadh

24 June 2013, Published under Cement News

Saudi 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 Arabia

17 June 2013, Published under Cement News

Al 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...

Saudi Arabia: Tabuk Cement refused fuel for second line

13 June 2013, Published under Cement News

Tabuk Cement Co has announced that it has been refused the fuel needed to operate its planned second line. The company has been informed by Saudi Arabia's Ministry of Petroleum and Mineral Resources that it will not receive the fuel needed to power the line, but added that it remains in negotiations with the ministry. Tabuk Cement confirmed plans to build a new second line last week, stating that it had signed deals worth US$192m for a new clinker production line, a power plant and a water...

Loesche mill order for Southern Province Cement project

11 June 2013, Published under Cement News

Sinoma International Engineering has ordered a Loesche  LM 56.4 for grinding cement raw material at the plant of Southern Province Cement Co in Tahamah, Saudi Arabia. The Loesche vertical roller mill will have a product rate of 400tph with a product fineness of RMl eigh per cent R 0.09 mm and one per cent residue on 212μm. The mill motor will have a capacity of 4000kW. In addition, Loesche will also deliver: metal detector, magnetic separator, slide gates and rotary valves to be fitted belo...

Adequate fuel supply needed to meet Saudi cement demand

10 June 2013, Published under Cement News

With massive investments being pumped into the infrastructure space, the outlook for the Saudi cement sector looks bright. Cement companies have benefitted largely from cheap raw materials and fuel availability, making them outstandingly profitable. However, there are some concerns on fuel supply, which could lead to cement shortages. Despite buoyant demand, the cement sector is facing difficulty in ensuring smooth supply of fuel from the government. At the same time, the ma...

Tabuk Cement Co signs contract for 5000tpd line, Saudi Arabia

05 June 2013, Published under Cement News

Tabuk Cement Company (TCC) has signed a SAR531.5m (US$141.7m) agreement with China's Chengdu Design and Research Institute of Building Materials Industry Co, or CDI, for the delivery and installation of a 5000tpd production line. The project also includes the construction of a 30MW power generation unit, for which TCC signed a separate agreement, worth SAR155.6m, with a German company. In addition, the cement firm awarded a SAR 35.5 million contract, to French environmental services co...

First UAE clinker shipment delivered to Saudi Arabia

04 June 2013, Published under Cement News

Saudi Arabia is set to receive its first shipment of UAE clinker with 50,000t recently loaded at the Mina Saqr port by CEM Asia Trading. 50,000t of clinker is loaded at the port of Mina Saqr, UAE, bound for Saudi Arabia Clinker exports have traditionally been seen as too expensive and uneconomical, but cement producers in Saudi Arabia are having to import volumes to keep pace with demand as mega-projects in housing and infrastructure in cities fuel consumption . This is in sha...

Medina Cement begins trial production of new grinding plant

30 May 2013, Published under Cement News

Newly-listed Saudi Arabian cement manufacturer Medina Cement said it has started trial production at its new grinding plant. The new facility has a capacity of 130tph and the trial period will last 2-3 months. Medina Cement offered 94.6 million shares, or 50 per cent of its capital, in an IPO in September 2012.

Hail Cement increases quarterly net loss, Saudi Arabia

23 May 2013, Published under Cement News

Saudi cement producer Hail Cement Co has reported a net loss of SAR13.9m (US$3.7m) for the first quarter of 2013, double the loss recorded in the same period a year ago of SAR6.3m. The company attributed the loss to higher expenses related to launching production, coupled with higher salary costs due to the growing number of employees. Newcomer to the Saudi cement industry, Hail Cement’s 1.65Mta plant, located in the north of the kingdom, is scheduled to come on-stream in the third quarter...

Eastern Province net profit rises 4.8% YoY

20 May 2013, Published under Cement News

Eastern Province Cement Company (EPCC) posted a 4.8 per cent rise in net profit for the first quarter of 2013, which the company attributed the increase to a better performance at one of its affiliate companies. For the first three months to the end of March 2013, net profit rose to SAR109m (US$ 29.1m) compared to SAR104m in the same period a year earlier. Earnings per share (EPS) stood at SAR 1.27, compared with SAR 1.21. Operating profit, however, fell to  SAR104m for the first three ...