Cement News tagged under: Tabuk Cement Co

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Saudi Cement receives funding for expansion

04 October 2013, Published under Cement News

Saudi cement producer Tabuk Cement Company yesterday signed an agreement with local Bank Albilad for Islamic financing worth SAR500m (US$133.3m) In a statement to the bourse, the company said it will use the funds to partially finance the second phase of an expansion project, which includes the construction of a 5000tpd clinker line, and an adjacent power plant and desalination plant. The loan is to be repaid by October 2020.

Tabuk Cement first-half net profit edges ahead

10 September 2013, Published under Cement News

Saudi-based producer Tabuk Cement reported a net profit of SAR107m (US$28.5m) for the first half of 2013, up 1.04 per cent from the SAR105.9m in the same period of the year before. The company attributed the rise to cost rationalisation, but did not disclose any exact figures. Earnings per share stood at SAR1.19 almost unchanged SAR1.18m. The company’s operating profit declined to SAR105.5m in January-June 2013, compared with SAR108.9m in the same period of last year.

Saudi Arabia: Tabuk Cement refused fuel for second line

13 June 2013, Published under Cement News

Tabuk Cement Co has announced that it has been refused the fuel needed to operate its planned second line. The company has been informed by Saudi Arabia's Ministry of Petroleum and Mineral Resources that it will not receive the fuel needed to power the line, but added that it remains in negotiations with the ministry. Tabuk Cement confirmed plans to build a new second line last week, stating that it had signed deals worth US$192m for a new clinker production line, a power plant and a water...

Tabuk Cement new ready-mix venture, Saudi Arabia

03 April 2012, Published under Cement News

Saudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners.