Cement News tagged under: UAE

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GCC cement sector profits increase – report

25 May 2012, Published under Cement News

GCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment House (GIH). However, net margins witnessed a fall of 90.4 bps. Revenue, on the other hand, increased 24.3 per cent to reach US$1.26bn, the report said. Gross margins witnessed a 233.6bps increase in Q1, 2012 to reach 43.7 percent as compared to 41.4 percent, which was due to increase in selling price along with drop...

India: dumping duty on UAE, Iran white cement extended

23 May 2012, Published under Cement News

India’s Finance Ministry has extended the validity of existing anti-dumping duty on white cement imports from Iran, UAE until 11 April 2013. Business Line reports that this this one year extension follows the anti-dumping directorate’s recent move to initiate sunset review investigations on white cement imports from UAE and Iran. The petition seeking the review was filed by JK White Cement Works and Birla White. The existing anti-dumping duty on white cement imports ended in April this...

Abu Dhabi cement prices up 8.7%, UAE

15 May 2012, Published under Cement News

Abu Dhabi issued its monthly report on the prices of building materials for the month of April 2012 issued by SCAD. As the report reveals, the average prices of several building materials groups have undergone changes during April 2012, compared with March 2012. Prominent among these was the rise of 8.7 per cent in the average price of  cement, reflecting increases in the prices of most of the items under this group in the range of 6.1 per cent for white cement and 19.2 per cent for Portland...

UAE producers told to assess environmental impact

10 April 2012, Published under Cement News

Cement producers operating in the UAE have been instructed to assess the environmental impact of operations by Dr. Rashid Ahmed bin Fahd, Minister of Environment and Water. The order issued on Monday is aimed at streamlining the activities of cement plants nationwide. It orders the factories to plant trees to cover at least five per cent of the external borders and form a green belt around the plant.  "Cement factories should monitor and follow up health and safety activities related t...

Qatar National Cement clinker shipment

16 March 2012, Published under Cement News

Qatar National Cement is to conclude a deal this week to import 500,000t of clinker to meet increased cement demand. Bids were submitted to Egyptian and UAE suppliers, according to reports in Al Arab daily.

Sharjah Cement 3Q net profit rises due to lower costs

08 February 2012, Published under Cement News

Sharjah Cement says its third quarter net profit rose AED6.7m (US$1.8m) from a loss of AED4.4m in the same period last year. The company said its performance was hampered by a falls in demand and prices, but was able to cut raw materials costs, resulting in higher profits, Gulfbase reported. Sharjah’s nine month 2011 net profit fell to AED27.3m from AED99.4m in the same period last year. Despite sales falling by about 25 per cent, its cost of goods sold also fell by 31 per cent, bringing ...

RAK Cement posts third consecutive quarterly loss, UAE

08 February 2012, Published under Cement News

Ras Al Khaimah Cement Company, based in the UAE, has issued its preliminary results for 4Q11, posting its third consecutive quarterly net loss of AED8.5m (US$2.3m). This brings its full year net loss to AED19.9m (US$5.4m). The results beat estimates by analysts at Global  Investment House (GIH) by 9.7 per cent. GIH believe the net loss was due to decreasing cement sales and lower realization prices.

UltraTech Cement to take control of Star Cement?

07 February 2012, Published under Cement News

UltraTech Cement is looking to purchase its partner’s stake in Star Cement to take full control of the Dubai-based cement producer, sources familiar with the deal have said, adding to the rumour mill that other UAE producers are ripe acquistion targets. "The group has an option to purchase the local partner's stake when they bought the majority control company from Dubai-based ETA Star Group," the Financial Express quoted a source as saying. However, OP Puranmalka, director of UltraTech,...

GCC cement sector capacity to hit 120Mt by 2013

24 January 2012, Published under Cement News

Cement capacity in the GCC cement sector is expected to hit 120.7Mt in 2013, according to a Global Investment House (GIH) report with rising demand in Saudi Arabia, Qatar and Kuwait expected to take pressure off the oversupply situation. Saudi Arabia is driving the capacity gains as the country continues to outperform the region. Volumes are expected to reach 58Mta in 2013 and demand is expected to be on a par as new projects across all sectors emerge due to increased government spending....

JK Cement begins construction of UAE cement plant

16 January 2012, Published under Cement News

India’s JK Cement has started construction of a white cement plant in the UAE, the completion of which could make it a top five player in the niche market of white cement. The company’s vice president N. Gowrishankar told Gulf News that the new plant, to be constructed in the emirate of Fujairah, will involve an investment of US$149.7m and a capacity of 0.6Mta of white cement, with the ability to switch operations to 1Mta of grey cement.  The plant is scheduled for commissioning in 2013. ...