Cement News tagged under: Saudi Arabia
Qassim Cement net profit rises, Saudi Arabia04 June 2012, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) posted a SAR158.4m (US$42.2m) net profit for the first quarter of 2012 up from SAR147.2m a year ago. The company attributed the increase to a rise in sales but did not provide any exact figures. |
Southern Province Cements signs contract with Sinoma for Line No 331 May 2012, Published under Cement NewsSouthern Province Cement (SPC) and Chinese engineering company Sinoma have signed a SAR707m (US$188m) contract for the installation of a third new line at SPC’s plant in Tuhama. In a filing to the Saudi bourse, the cement producer said the contract will be executed over 24 months and once completed, the new line will have a capacity of 5000tpd. SPC said it will use its own funds to finance the project. In early March, the company announced that its second production line at Tuhama sta... |
Hail Cement secures license to exploit raw materials, Saudi Arabia30 May 2012, Published under Cement NewsSaudi Arabia's Hail Cement Co said Tuesday it has secured a license from the Ministry of Petroleum and Mineral Resources to exploit raw limestone and clay in the Green Well area. |
GCC cement sector profits increase – report25 May 2012, Published under Cement NewsGCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment House (GIH). However, net margins witnessed a fall of 90.4 bps. Revenue, on the other hand, increased 24.3 per cent to reach US$1.26bn, the report said. Gross margins witnessed a 233.6bps increase in Q1, 2012 to reach 43.7 percent as compared to 41.4 percent, which was due to increase in selling price along with drop... |
Yamama Cement net profit rises 46%, Saudi Arabia25 May 2012, Published under Cement NewsYamama Cement Company recorded a 46% YoY surge in its net profit to SAR278m (US$74.1m) for the first quarter of 2012, up from SAR180m a year ago. The strong increase was attributed to a rise in sales, Yamama Cement. Gross profit rose to SAR300m from SAR196m. |
Tabuk Cement to add production line, Saudi Arabia22 May 2012, Published under Cement NewsTabuk Cement Company’s management board has approved an expansion project for the installation of a second 5000tpd line. The project also includes the construction of power generation unit to meet the needs of the new production line, SeeNews Middle East & Africa reports. In mid-April, TCC said it registered an increase in net profit to SAR49.2m (US$13.1m) for the first quarter of 2012 from SAR41.2m, as a result of higher sales. |
Saudi Cement delays kiln starts until 3Q1216 May 2012, Published under Cement NewsFurther 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 record23 April 2012, Published under Cement NewsCement 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 – report19 April 2012, Published under Cement NewsSaudi 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 Arabia16 April 2012, Published under Cement NewsSaudi 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. |