Cement News tagged under: Saudi Arabia
Saudi Arabia sets prices19 March 2012, Published under Cement NewsSaudi Arabia has set the factory price of cement at SAR12/bag (US$3.20) and the retail price at SAR14/bag, the Saudi Press Agency reported, citing Minister of Commerce and Industry Tawfiq al-Rabea. The price of bulk cement has been fixed at SAR240/t, it said. Cement supply will grow 15 per cent annually after the ministries of petroleum and commerce agreed to provide the fuel to operate expansions at existing plants, the Riyadh-based news service said. Output from 13 cement companies i... |
Al Jouf Cement secures loan for expansion, Saudi Arabia12 March 2012, Published under Cement NewsSaudi Arabian cement producer, Al Jouf Cement, said it has signed and agreement with Saudi British Bank (SABB) for a SAR350m (US$93.3m) five-year Islamic facility. The financing will form part of the funds needed for the construction of a second production line and dedicated power plant. Earlier this year, Al Jouf Cement said it would invest SAR885m in a second line with a capacity of 5000tpd, together with the power plant. The company said it would use its own funds to cover the rem... |
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 ... |