Cement News tagged under: Southern Province Cement

RSS feed

Saudi Arabia: cement firms come under pressure

09 August 2016, Published under Cement News

Saudi Arabia’s cement activities continue to come under pressure as falling sales volume and profitability remain subdued. Companies’ operational performance was impacted due to lower than estimated average realised price on the back of stiff competition, especially in the central region in 2Q16, coupled with the impact of lower fuel subsidy, reports Al Rajhi Capital. Saudi Cement and Southern Province Cement were the top performers in 2Q16. Saudi Cement revenue was up 11 per cent YoY, whi...

Southern Province Cement Line 2 due for end-June completion

12 February 2016, Published under Cement News

Work on Southern Province Cement's second production line at its Bishah plant in Saudi Arabia has been delayed, according to a company statement to the Saudi bourse. The company added that 83 per cent of the project has been completed so far and is scheduled for commissioning at the end of June 2016. The delay does not have any financial impact, the cement producer said.

Saudi: Southern Province Cement commercial operations from new line

01 December 2015, Published under Cement News

Southern Province Cement launched on Monday the commercial operations at the third line of its Tihama plant, with a clinker production capacity of 5000tpd, the company said in a statement to Tadawul. The Saudi cement producer aims to increase the plant’s capacity to 15,000tpd. Accordingly, the total capacity of the company’s three plants reaches nearly 28,000tpd.

Southern Province Cement posts 29% drop in 9M15 net earnings

15 October 2015, Published under Cement News

Saudi producer Southern Province Cement Co posted net earnings of SAR202m (US$53.9m) for the third quarter of 2015, down 29 per cent compared with SAR285m a year earlier. Net earnings for the nine-month period ended 30 September also decreased by 7.6 per cent YoY from SAR800m to SAR739m.

China National Building Materials (CNBM)

29 June 2015, Published under Cement News

Production is due to get underway in December this year at Southern Province Cement’s second Bishah line, as supplied by China National Building Materials (CNBM). The line has been built at a total cost of SAR713m (US$190m) to help meet growing demand in Saudi Arabia. The Bishah plant currently has a production capacity of 5200tpd, but the new line will add an additional clinker capacity of 5200tpd once up and running. The deal for the new line was signed in 4Q13 and was financed by a com...

SPCC to launch second production line, Saudi Arabia

22 June 2015, Published under Cement News

Southern Province Cement Co (SPCC) is likely to launch the second production line at Bishah cement plant in December, said CEO Safar Dhaffir. The 5000tpd  line is established by China's CNBM at a total value of US$190m (SAR 713 million), to meet the growing demand for cement in the kingdom. The plant operates currently with a production capacity of 5,200tpd of clinker, OKAZ newspaper reported.

Saudi Arabia's cement industry looks forward to good times

07 April 2014, Published under Cement News

Saudi Arabia's cement companies are preparing for long-term cement demand growth as they expand their capacity. However, for some such as Yanbu Cement, the past quarter has seen earnings contract. NBK Capital raised Yamama Cement’s share value from SAR52.50 (US$14.00) to SAR54.42. Several new megaprojects are scheduled to come online, which are expected to drive longer-term cement demand. In addition, cement demand had been heavily focussed towards the Western Region in the past two years...

Loesche to supply Saudi Arabia with first VRMs for cement grinding

13 February 2014, Published under Cement News

Loesche is to supply the first vertical roller mills for cement grinding in Saudi Arabia having secured an order from Southern Province Cement Co (SPCC) for a new brownfield project. SPCC is building a new 5000tpd clinker line at Bisha and China’s CNBM has been contracted for delivery and execution of the new line. Two Loesche type LM 56.3+3 VRMs, each with a minimum capacity of 200tph, will be installed at the site. The new mills will enable SPCC to produce OPC cements as well as various a...

Southern Province posts flat full-year profit

17 January 2014, Published under Cement News

Southern Province Cement posted a SAR1.006bn (US$268m) net profit in 2013, almost flat from SAR1bn the year before. Earnings per share stood at SAR1.013. Operating profit for the Kingdom’s largest cement firm by market value, fell from SAR1.008bn in 2012 to SAR973m last year.

Southern Province signs contract for new line at Bisha works

11 November 2013, Published under Cement News

Southern Province Cement Co's (SPCC) has signed a contract for the construction of a second production line at its Bisha cement works in Saudi Arabia, the company said in a bourse filing. The new production line will be built by Chinese contractor CNBM at a cost of SAR713m (US$190.1m) and take 20 months to complete. SPC said it will use a combination of Islamic financing and own funds to finance the project.