Cement News tagged under: Saudi Arabia
Saudi monthly production rises 13%12 March 2012, Published under Cement NewsCement production in Saudi Arabia rose by double digits in February 2012. Output increased 13 per cent to 4.4Mt, according to data posted by local manufacturer Yamamah Cement Co. Source: Bloomberg |
Saudi Arabia removes restrictions on cement imports06 March 2012, Published under Cement NewsSaudi Arabia removed restrictions on cement imports to secure extra supplies at a stable price, the Ministry of Commerce and Industry said. “There are no restrictions on cement imports currently,” according to a statement posted on the Ministry’s website. Cement exports have already been halted and plants have been ordered to operate at full capacity. The kingdom’s western region has suffered a cement shortages as the government has increased infrastructure spending, Bloomberg reports.... |
Southern Province new line begins production, Saudi Arabia06 March 2012, Published under Cement NewsSouthern Province Cement (SPC) said the production line at its Tuhama plant started commercial production last week. The new 5000tpd line brings the Tuhama plant capacity to 10,000tpd and SPC’s total capacity to 23,000tpd. Last month the company announced the launch of trial productions at its new line, SeeNews Middle East and Africa reports. |
Al Jouf raises Saudi Arabia selling prices20 February 2012, Published under Cement NewsSaudi Arabian cement producer, Al Jouf Cement, says it has increased cement prices by 30 per cent to SAR260/t (US$69, however, a dispute with Saudi Aramco could mean prices will continue the upward trend. Al Jouf Cement's move to raise prices comes on the back of the government's ban on exports announced last week. Saudi Arabia said it would halt exports of cement and clinker to prevent shortages and stabilize prices particularly in the western region around Jeddah and the holy cities o... |
Saudi Cement to restart line No 6 in May16 February 2012, Published under Cement NewsSaudi Cement announced that it will restart its sixth kiln line in May this year at the latest after upgrade work is completed. The company has been working on improving the 4000tpd line’s environmental efficiency as well as converting the kiln’s energy source to crude oil from gas, as per Saudi Aramco’s directions. At the same time, the company will restart three old production lines with a total capacity of 1325tpd to meet rising demand in Saudi Arabia. Earlier this week, Saudi Cemen... |
Qassim net profit up 10 per cent YoY16 February 2012, Published under Cement NewsQassim Cement’s full year 2011 net profit grew approximately 10% to SAR553m, according to a statement on the stock exchange website. The board is proposing a cash dividend distribution of SAR3.5/share for 2H11, which would bring total FY11 dividend payments to SAR5.75/share. |
Saudi Arabia stops cement exports14 February 2012, Published under Cement NewsSaudi Arabia has stopped cement and clinker exports to prevent shortages and to stabilise domestic prices. The kingdom’s western region, which includes the Red Sea port city of Jeddah and the Islamic holy cities of Mecca and Medina, has suffered a cement shortage as the government increased spending for infrastructure. Prices for new homes in Jeddah rose as much as 10% this month because of the higher cost of cement, local paper al-Eqtisadiah reported. Cement makers outside the weste... |
Saudi Cement Company re-opens its Kiln No 614 February 2012, Published under Cement NewsSaudi Cement Company will start up its Kiln No 6 with 4000tpd clinker capacity by May 2012 after it has completed most of the rehabilitation works. The kiln’s environmental aspects will be checked and it will be converted to use crude oil rather than gas, as per Saudi Aramco’s directions. The company will also bring three older kilns back into operation during the same period, so that an extra 5325tpd capacity will be available to meet Saudi Arabia’s rising cement demand, which has led to ... |
Saudi Arabia: Eastern Province net profit up 6% YoY14 February 2012, Published under Cement NewsFor the year ending 31 December 2011, Eastern Province Cement Co announced that its net profit was SAR364m (US$97m), compared to SAR343m (US$91.4m) for the same period of the previous year, an increase of 6%. The rise in the net profit was due to a decrease in the cost of sales and to the enhancement of the operational efficiency of production lines as well as the rationalisation of some production cost items. Earnings per share were SAR4.23, compared to SAR3.99 YoY. Gross profit was reco... |
Saudi Arabia: short-term solution to cement shortage13 February 2012, Published under Cement NewsThe acute cement shortage in Makkah province might be on its way to be solved with the daily injection of 10,000t of cement (200,000 bags) into the region, sources at the Ministry of Commerce and Industry (MCI) said on Sunday. However, talking to Arab News, Saleem Al-Harbi, chairman of Manar Construction Company and a member of the board of directors of Jeddah Chamber of Commerce and Industry, did not believe that these quantities would be enough to stabilise the cement market in the ... |