Cement News tagged under: Saudi Arabia
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 ... |
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... |