Cement News tagged under: UAE

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Cemtech MEA 2019

02 April 2019, Published under Cement News

Over 200 delegates from the global cement industry came together for Cemtech Middle East & Africa 2019, held at the Grand Hyatt Dubai between 17-20 February. The event featured an extensive technical programme alongside an international exhibition of service and product suppliers. The first session speakers – from left to right: Thomas Armstrong, ICR; Ahmad Al-Rousan, AUCBM; Paul Roger, Exane BNP Paribas; Tony Hadley, Tony Hadley African Advisory; Keith Hall, chairman and Hettish K...

Sharjah Cement reports fall in profit for 2018

04 March 2019, Published under Cement News

UAE-based Sharjah Cement & Industrial Development Co has reported a 54.6 per cent YoY fall in profit during 2018, declining to AED29.4m from AED64.78m (US$17.6m) in 2017. Revenue also decreased 8.2 per cent to AED596.8m, compared with AED650m of the previous year.

Fujairah Natural Resources Corp begins construction of new plant

22 February 2019, Published under Cement News

The UAE’s Fujairah Natural Resources Corp has launched an AED550m (US$149.74m) three-stage project in Habbab, Fujairah. The new facility will produce clinker, with production commencing following the completion of stage one in December 2019. Ali Qasim, company director, has stated that the project will boost the cement industry in Fujairah, adding value to the UAE’s national industry.

Gulf Cement Co sees fall in profit in 2018

20 February 2019, Published under Cement News

UAE-based Gulf Cement Co reported revenues of AED475.707m (US$129.5m) in 2018, according to the company’s preliminary results. This represents an 18.4 per cent drop from AED583.203m the previous year. The company’s net operating profit of AED24.360m in 2017 declined to a loss of AED49.072m in 2018 while net profit fell from AED40.613m to a loss of AED32.99m over the same period.

Arkan sells Emirates cement plant

15 February 2019, Published under Cement News

UAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement Co. Arkan has already received AED21.9m of the total amount, recognised in its 2018 financials as other income. The company’s main operations are based at its separate 4.5Mta facility in Al Ain.

RAK Cements profit falls to AED13m

14 February 2019, Published under Cement News

Ras Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767.92m in 2017 to AED755.22m one year later while total assets declined to AED1.03bn in 2018 versus AED1.102bn the previous year.

Pioneer Cement to begin RDF usage

02 January 2019, Published under Cement News

UAE-based Pioneer Cement, a subsidiary of Raysut Cement, has signed an agreement with Emirates RDF that will lead to the use of fuel derived from household waste in its production plant. According to a statement, the company will be one of the first cement facilities in the region to use waste fuel. "Pioneer Cement has a strong focus in protecting the environment and the agreement, which will pave the way for us to use RDF (refuse derived fuel), is a pioneering step in bringing innovation i...

Iranian province records export increase

10 December 2018, Published under Cement News

Iran’s southern province of Hormozgan reported a 40 per cent increase in clinker and cement exports to 400,000t during the eight-month period between 21 March-21 November 2018, according to Masoumeh Mousavi of the country’s Mine and Trade Department. Products from the area were exported to Oman, UAE, Tanzania and South Africa.

Sharjah Cement records decreasing sales

06 November 2018, Published under Cement News

UAE-based Sharjah Cement has announced an 82.3 per cent fall in net profit for the 3Q18, dropping to AED2.2m (US$599,046) from AED12.4m a year ago. The company has attributed the results to a decline in income from investments and sales. Sales decreased 9.9 per cent to AED131.3m from AED145.7m in the 3Q17. In the first nine months of 2018, Sharjah’s profit was down 67 per cent at AED14.3m compared to AED43.6m in the year-ago period.

Arkan's 9M18 results are stable at AED676.9m

01 November 2018, Published under Cement News

Arkan Building Materials Company (ABMC) reported that it achieved a net revenue of AED676.9m (US$184.3m) in 9M18 compared to AED677.6m during the 9M17. The growth in pipes, blocks and dry mortar sales offset the decline in clinker sales. Clinker sales were impacted by stiff competition, cheap imports from Iran and a slowdown in summer construction. Higher production costs also affected ABMC's profit margins, as the plant continued to import limestone from Oman, while a sustainable solutio...