Cement News tagged under: UAE
Fujairah Cement reports sales drop in 202327 March 2024, Published under Cement NewsUAE-based Fujairah Cement Industries has reported sales of AED343.81m (US$93.62m) in 2023. This marks a contraction from the AED374.58m seen in the previous year. The company has also recorded a net loss of AED265.53m in 2023, compared to the loss of AED143.85m in 2022, while the basic loss per share from continuing operations came in at AED0.74 in 2023, versus a loss of AED0.40/share in the previous year. |
Emirates Steel Arkan and Magsort collaborate on decarbonisation26 February 2024, Published under Cement NewsEmirates Arkan Steel (ESA) has announced a strategic collaboration with Magsort, a Finnish decarbonisation company, to drive an innovative initiative across ESA's Al Ain cement plant. The partnership, announced at the Cemtech MEA 2024 conference in Dubai last week, positions ESA’s cement operations at the forefront of sustainability and sets the stage for a transformative approach to green cement production. The collaboration will initiate the first large-scale industrial pilot test,... |
Prospects for the GCC industry19 February 2024, Published under Cement NewsThe Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain are poised for growth in 2024, lead by residential and commercial activ... |
Gulf Cement Co sees revenue advance 33% YoY16 February 2024, Published under Cement NewsGulf Cement Co has posted revenue of AED462.7m (US$125.99m) for 2023, up 33 per cent from the AED348.1m reported in the previous year. For 2023 the company saw a loss of AED21.84m versus a loss of AED30.46m in 2022. According to the company, the losses are the result of challenges including an increase in supply compared to demand, and falling cement and clinker prices in the local and export markets following dumping and intense competition. The global financial crisis has also had a m... |
RAK White Cement posts AED20.5m profit in 202306 February 2024, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has reported a net profit of AED20.54m in 2023, down 2.6 per cent from AED21.08m in 2022. Sales increased 3.3 per cent to AED255.89m in 2023 from AED247.66m in 2022. Basic earnings per share remained unchanged at AED0.04/share at 31 December 2023. |
WCA endorses Industrial Deep Decarbonization Initiative at COP2815 December 2023, Published under Cement NewsThe World Cement Association (WCA) has endorsed global government efforts to advance low-carbon cement and concrete production, announced at the 2023 United Nations Climate Change Conference (COP28) in Dubai. The commitments made by Canada, Germany, the UK and the USA, member countries of the Industrial Deep Decarbonization Initiative (IDDI), include adopting timebound commitments to procure low-emission cement and concrete as well as steel. "The collective commitment of IDDI members to le... |
GCCA welcomes COP28 transition deal away from fossil fuels14 December 2023, Published under Cement NewsFor the first time, a deal has been agreed at COP28, the UN climate summit, which agrees to countries moving away from the use of fossil fuels. The agreement was reached after days of negotiations in Dubai, UAE. The text recognises the need for deep, rapid and sustained reductions if humanity is to limit temperature rises to 1.5˚C above pre-industrial levels. Welcoming the agreement, Thomas Guillot, CEO of the Global Cement and Concrete Association, said, “We welcome the progress made at ... |
thyssenkrupp Polysius and Fujairah Cement Industries sign decarbonisation MoU04 December 2023, Published under Cement Newsthyssenkrupp Polysius and Fujairah Cement Industries (FCI), UAE, intend to cooperate in the future to reduce CO 2 emissions in FCI's production lines. In particular, the potential use of alternative fuels in cement production will be examined. The memorandum of understanding (MoU) was signed at the UN Climate Change Conference (COP28) in Dubai. Pablo Hofelich, CEO of thyssenkrupp Polysius GmbH, said, "thyssenkrupp Polysius has key technologies for significantly reducing CO 2 emissions i... |
GCCA releases its Cement Industry Net Zero Progress Report 202304 December 2023, Published under Cement NewsThe Global Cement & Concrete Association (GCCA) has released its Cement Industry Net Zero Progress Report 2023 providing an update on global action and progress by the GCCA and its member companies. Initiatives featured include development of carbon capture, utilisation and storage (CCUS), increasing use of alternative energy sources and research into new materials and technology. The new report comes two years after the launch of its Concrete Future 2050 Roadmap for Net Zero Concrete. F... |
Betolar to speak on sustainable alternatives to cement at COP2801 December 2023, Published under Cement NewsAt COP28 UAE, Finnish sustainable materials technology company Betolar is tackling one of the largest sustainability issues of our time: how to reduce climate impacts of the construction industry and decarbonise the sector by replacing concrete with sustainable alternatives to one of the world's largest sources of carbon emissions, cement. Betolar is disrupting the concrete sector with scalable, circular alternatives to cement, used in applications such as the world’s lowest-emission hollo... |