Cement News tagged under: Saudi Arabia

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Saudi: strong growth expected to continue

23 September 2013, Published under Cement News

Cement sales in Saudi Arabia are expected to rise by 8.2 per cent this year and rise at a CAGR of 6.3 per cent, a recent report by NCB Capital forecasts. However, concerns are raised on capacity constraints and pressures on margins as local producers import clinker to meet booming demand.  “We continue to expect a strong demand outlook for cement in Saudi Arabia in the coming few years. This is mainly due to the ongoing and new mega projects announced by the government, coupled with an in...

Al Jouf undertakes unscheduled kiln maintenance

20 September 2013, Published under Cement News

Al Jouf Cement has temporarily halted its production line for unscheduled maintenance until 5 October, the Saudi-based company said in a statement to the bourse. Al Jouf Cement said that the shutdown will cost SAR18m (USD 4.8m/EUR 3.5m), but will not impact its ability to meet contractual obligations to clients. The company also stopped production in the last two weeks of June for unscheduled maintenance.

Najran completes Line 2 maintenance, Saudi Arabia

12 September 2013, Published under Cement News

Najran Cement has successfully completed maintenance and resumed operations of Kiln Line 2. The completion was extended by four days to 10 September to link line No 2 to a waste heat recovery plant currently being built by Sinoma Energy Conservation. The US$45m WHR project will have a power generation capacity of 27.1MW and will completed in March 2014.

Tabuk Cement first-half net profit edges ahead

10 September 2013, Published under Cement News

Saudi-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 Arabia

10 September 2013, Published under Cement News

Al 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 Arabia

09 September 2013, Published under Cement News

Najran 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 Arabia

04 September 2013, Published under Cement News

Saudi 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 News

Southern 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 Arabia

30 August 2013, Published under Cement News

Najran 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 Arabia

27 August 2013, Published under Cement News

Saudi-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.