Cement News tagged under: Tabuk Cement Co

RSS feed

Saudi producers to benefit from Neom Bay construction start-up

21 January 2019, Published under Cement News

Saudi Arabia will start developing the first major area of Neom, the kingdom's multi-billion dollar mega-city, from 1Q19. The founding board of Neom, chaired by Crown Prince Mohammed bin Salman, approved the concept of the masterplan for ‘Neom Bay’ which will be the first residential area to be developed in the city. The construction work will be completed in 2020. The full implementation phase of the US$500bn Neom project could potentially bring in more than 20Mta of cement demand at its...

Exports help Saudi cement sales rise 7% in December

17 January 2019, Published under Cement News

Cement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital.   Clinker inventory increased 18.8 per cent YoY and 0.8 per cent MoM to 42.34Mt last month, but cement dispatches were down 10 per cent YoY.   The plant utilisation rate in the Saudi cement sector fell to 54.1 per cent in December, compared to 62.4 per cent in the same period last year. Hail and Southern Cement record...

Tabuk Cement reports a net loss in 3Q17

06 November 2017, Published under Cement News

According to Reuters, Tabuk Cement has seen a net loss of SAR12.2m (US$3.2m) in 3Q17, compared to a net profit of SAR7.9m (US$2.1m) in 3Q16. The net sales of the company have also decreased from SAR49.7m to SAR25.5m over the same period.

Tabuk and Al Jouf net profit dragged down by lower demand

08 August 2017, Published under Cement News

Saudi-based producers Tabuk Cement and Al Jouf Cement have reported a decline in second quarter net profit due in part to lower demand. Tabuk Cement, which operates a 1.2Mta plant in Duba, said net profit fell by 93.84 per cent YoY to  SAR1.3m (US$346,619). Quarter-on-quarter, net profits fell 85.06 per cent. The smallest of Saudi’s established grey cement producers, Tabuk Cement attributed the decrease to lower demand and prices. In the first half of 2017, net profits declined 76.42 per c...

Tabuk Cement profit down

11 May 2017, Published under Cement News

Tabuk Cement on Wednesday announced a 59.2 per cent decrease in net profit during the first quarter of 2017, compared to the same quarter last year, according to a bourse filing. Net profits fell to SAR8.7m (US$2.3m) in 1Q17, compared to SAR21.3m in 1Q16. The company attributed the YoY profit fall in 1Q17 to a decline in the amounts and value of sales and higher financial costs. Tabuk Cement’s sales amounted to SAR57.5m in the period between January and March, compared to SAR75.5m i...

Saudi Arabia: cement sales down 7%

14 November 2016, Published under Cement News

A recent report from Al Rajhi Capital Research stated that total cement sales in Saudi Arabia fell 6.8 per cent YoY to 47Mt in the first 10 months of 2016, from 50.2Mt in the same period last year. Clinker production also saw a decline, falling 1.7 per cent YoY. Total cement sector revenues declines 19 per cent YoY as a result of lower sales volume (which was down 10.5 per cent YoY) and a fall in the average realised price/t for most companies. Aggregate net income saw a significant decline ...

Saudi Arabia: Tabuk Cement delays opening of second clinker line

30 September 2016, Published under Cement News

Tabuk Cement's second clinker production line will not now begin commercial operations until the second quarter of 2017, the company said in a statement to the Saudi stock market. The company attributed the delay to irregularities concerning capacity and specification of the line, adding that it would incur no additional cost or financial impacts due to the delay.

Saudi Arabia cement companies see sales and production fall 10%

20 September 2016, Published under Cement News

Sales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports. Output for August was 4.3Mt, while deliveries were 4.4Mt. The fall in sales was unevenly distributed, with some companies – notably Riyadh Cement and City Cement – seeing double-digit increases. Of the bigger players, Saudi Cement escaped the worst, with its sales falling by 1.5 per cent, while Yanbu fared particularly poorly, with sales dropping...

Tabuk Cement continues trial run on second production line

30 November 2015, Published under Cement News

Tabuk Cement said trial operations are still proceeding at Line 2 at its plant in Saudi Arabia. Commercial operations are expected to start in the third quarter of 2016, the cement producer said in a bourse statement on Sunday.

Saudi Arabia: Tabuk third-quarter profit down 24%

29 October 2014, Published under Cement News

Tabuk Cement Co recorded SAR21.6m (US$5.76m) net profit in the third quarter of 2014, a decline of 23.94 per cent YoY from SAR28.4m. On a quarterly basis, net earnings were down 49.88 per cent from SAR43.1m. In the first nine months of 2014, net profit amounted to SAR108.7m, down 19.66 per cent compared with SAR135.3m a year earlier.