Cement News tagged under: Saudi Arabia

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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...

Pakistan eight-month export sales rise in value terms

29 March 2012, Published under Cement News

During the first eight months of the current fiscal (July 2011-June 2012), Pakistan cement exports have progressed in terms of value while the markets of Afghanistan, India and Saudi Arabia look promising.  The eight month period (July 2011-February 2012) saw Pakistan export 5.855Mt of cement with a value of US$303.127m compared to 5.905Mt at US$290.852m in the corresponding period of last year. This shows that cement export fell slightly by 0.85 per cent in terms of quantity but were up...

Saudi Arabian orders for Gebr Pfieffer

26 March 2012, Published under Cement News

Gebr Pfieffer has received two major grinding technology orders in the booming Saudi Arabian market. Najran Cement Company (NCC) in Saudi Arabia has placed a third repeat order with the company for a vertical roller mill at its 5000tpd production Line No 3. In December 2011, the general contractor China Electrical Equipment Imp & Exp Co (CEIEC) placed the order for a 500tph MPS 5000 B vertical roller mill for raw material grinding.  In addition to supplying the core components of th...

Southern Cement improves market supply

22 March 2012, Published under Cement News

Southern Cement Company Chairman Prince Abdullah bin Musaed bin Abdurrahman Al-Saud said the company has started implementing the royal decree related to cement prices. Addressing the company's General Assembly meeting held yesterday at the general administration building of the company in Abha, the prince said that the availability of additional fuel has enabled cement factories to produce more and improve its market supplies, thus checking the price-rise. The meeting approved distribut...