Cement News tagged under: Southern Cement Company

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Cement sales rise by 16% in Saudi Arabia in February

18 March 2019, Published under Cement News

Cement and clinker sales in Saudi Arabia rose 15.7 per cent YoY to 4.24Mt (including exports) in February 2019 compared to 3.67Mt in the previous year.   Clinker inventory increased 17.6 per cent YoY, but fell one per cent MoM to 41.88Mt in February 2019. Cement dispatches, however, jumped 9.3 per cent YoY, says Aljazira Capital.   Meanwhile, the total utilisation rate of Saudi cement sector declined to 52.8 per cent in February compared to 61.4 per cent in the same period last year.  ...

Southern Province Cement's net profits fall to SAR3.5m in 3Q18

01 November 2018, Published under Cement News

Southern Province Cement (SPC) reported a net profit of SAR5.3m (US$1.41m) in 3Q18, down 65 per cent QoQ and down 91 per cent YoY.  "...with the current economic situation, low construction activities and high competition we don’t believe prices are going up in the near term," Al Rajhi added. In terms of sales, 4Q18 should witness a slight increase in profits for SPC as there are no holiday breaks, reported the Argraam news site.

Saudi Arabian cement sales down 16% in January

15 February 2017, Published under Cement News

Domestic cement deliveries in Saudi Arabia in January 2017 were 15.9 per cent lower than in the same month the previous year, according to statistics released by Yamama Cement. At 4.78Mt, cement sales in the country were significantly below the January 2016 figure of 5.68Mt. Meanwhile, Saudi producers continue to amass clinker stocks, adding another 0.4Mt to their reserves in January. Clinker stocks now amount to 28.5Mt – enough to supply more than six months of Saudi cement demand at ...

Southern Cement 3Q net profit up 53% YoY, beats esitmates

27 October 2014, Published under Cement News

Southern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY. The result was above NCB Capital and consensus estimates of SAR200m and SAR196m, respectively.   However, on an adjusted basis, earnings were down 7.6 per cent YoY and below estimates by 12-14 per cent. With sales in-line at 1.56Mt, the negative surprise came from higher costs. NCBC estimated costs at SAR102/t, and believes it could have been as high as SAR 122/t. Southern Cement announced...

UK: Southern Cement buys its own shipunloader

06 December 2012, Published under Cement News

Southern Cement, which is based at the Port of Ipswich and was established 10 years ago, imports around 160,000tpa of bulk and bagged cement products to supply to building firms across the UK. The business, part of the Spanish-based Cementos Portland Valderrivas (CPV) group of companies, uses a mobile shipunloader, to unload cement and before it is transferred to silos at the port. This was previously sub-contracted out to another firm, but now Southern Cement has bought its own mobile shi...

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...

Saudi Cement Company re-opens its Kiln No 6

14 February 2012, Published under Cement News

Saudi 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: short-term solution to cement shortage

13 February 2012, Published under Cement News

The 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 ...