Cement News tagged under: Southern Province Cement
Saudi Arabia's cement industry looks forward to good times07 April 2014, Published under Cement NewsSaudi 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 grinding13 February 2014, Published under Cement NewsLoesche 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 profit17 January 2014, Published under Cement NewsSouthern 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 works11 November 2013, Published under Cement NewsSouthern 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. |
Saudi cement market records further volume expansion30 September 2013, Published under Cement NewsSaudi cement companies saw profits rise 8.2 per cent as cement demand in the kingdom continued to expand on the back of large projects, said Global Research in its June 2013 report. Cement demand in the 1Q13 stood at 15.5Mt compared to 14Mt in the same period last year. Saudi Cement and Southern Province Cement lead the sales volume rankings, resulting in market shares of 15.7 and 13 per cent, respectively. Cement output rose 16.3 per cent to 13.1Mt while clinker production increased 9... |
Southern Province Cement 1H net profit up 3.7%02 September 2013, Published under Cement NewsSouthern Province Cement posted a SAR566m (US$150.9m) net profit for the first half of 2013, up from SAR546m a year ago. The company attributed the increase to higher sales driven by a rise in local demand. The company operates 6.2Mta of cement capacity in the kingdom from three cement plants. Line 2 at its plant in Tahama was put into operation last year with a capacity of 10,000tpd and a third line is being built at the plant which will expand capacity by a further 5000tpd. When complet... |
Loesche mill order for Southern Province Cement project11 June 2013, Published under Cement NewsSinoma International Engineering has ordered a Loesche LM 56.4 for grinding cement raw material at the plant of Southern Province Cement Co in Tahamah, Saudi Arabia. The Loesche vertical roller mill will have a product rate of 400tph with a product fineness of RMl eigh per cent R 0.09 mm and one per cent residue on 212μm. The mill motor will have a capacity of 4000kW. In addition, Loesche will also deliver: metal detector, magnetic separator, slide gates and rotary valves to be fitted belo... |
Southern Province Cement commissions third mill, Saudi Arabia28 January 2013, Published under Cement NewsSouthern Province Cement Company started commissioning its third mill at the Jazan plant on 27 January 2013. The commissioning period is expected to be completed by 15 March 2013. The contract for the mill was awarded to Christian Pfeiffer of Germany. The scope of supply comprised the delivery of all mechanical and electrical equipment, the design, the supervision of civil works, the steel structures, the mechanical and the electrical installations and the trial operations. The... |
Southern Province driven by higher demand, Saudi Arabia26 October 2012, Published under Cement NewsSaudi Arabian cement producer Southern Province Cement reported a YoY rise in net profit for the the first nine months of 2012 and for the third quarter of the year thanks to an increase in demand for cement on the local market. However on a QoQ basis, third quarter profit fell due to the Ramadan and Eid Al-Fitr holidays. Net profit for the third quarter of 2012 reached SAR200m compared to SAR180m for the same quarter of previous year, an increase of 11.11 per cent. Net profit during the n... |
Southern Province Cement 3Q12 up 11.7 per cent, Saudi Arabia08 October 2012, Published under Cement NewsSaudi Southern Province Cement Company said on Sunday its third-quarter net profit rose by 11.7 percent over last year's figure due to higher local demand. The company said net earnings were SAR201m (US$56m) in the three months to Septebmber 30, compared to SAR180m in the third quarter of last year. The results were 23-percent below that of the second quarter, a decline the company attributed to lower sales during the Muslim holy fasting month of Ramadan when activity slows. |