Cement News tagged under: UAE
RAK White Cement reports drop in profit06 February 2023, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials (RAK White Cement) posted net profits of AED21.08m (US$5.74m) in 2022, a 35.9 per cent decline from AED32.87m in 2021. Revenues of the UAE-based company increased by 3.3 per cent to AED247.66m in 2022 when compared with AED239.8m in the previous year. Earnings per share (EPS) fell from AED0.07 in 2021 to AED0.04 in 2022. |
National Cement Factory to import clinker31 October 2022, Published under Cement NewsNational Cement Factory LLC (NCF), UAE, will import 600,000t of OPC clinker divided into equal monthly quantities of 50,000t (with ±10 per cent margin), starting from 1 December 2022, until the end of November 2023. To meet this requirement, NCF issued an official international tender with a due date of 8 November from vendors. NCF is a subsidiary of Ittihad International Investment LLC, which operates out of the Industrial City of Abu Dhabi. NCF runs a state-of-the-art two-mill gri... |
GCC market to expand at a CAGR of 6% in 2022-3225 October 2022, Published under Cement NewsThe Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and non-residential buildings, such as hospitals. According to the report, over the forecast period, Sa... |
Asian Paints enters JV for new white cement plant25 October 2022, Published under Cement NewsAsian Paints is joining forces with Riddhi Siddhi Crusher & Land Transport, based in Fujairah, and Associated Soap Stone Distributing Co Pvt Ltd (ASSD) to set up a white cement and clinker plant in Fujairah, UAE. The joint venture will be a 60:40 partnership between Asian Paints and Riddhi Siddhi & ASSD, according to Coatings World. The initial capacity of the new facility will be 265,000tpa with additional grinding units to be set up in India as well. The JV involves an overall investment o... |
UAE climate change ministry signs AF deal with cement companies14 October 2022, Published under Cement NewsThe UAE Ministry of Climate Change and Environment and Emirates RDF have signed Memoranda of Understanding (MoUs) with four cement companies – Fujairah Cement Industries , JSW Cement , Lafarge Emirates Cement and Star Cement – that will enable the cement producers to use alternative fuel (AF) generated from municipal solid waste (MSW) treated by Emirates RDF. A joint venture between Besix, Griffin Refineries and Tech Group Eco, Emirates RDF operates a plant in Umm Al Qaiwain, the fi... |
RAK White Cement board approves delisting from Boursa Kuwait07 September 2022, Published under Cement NewsThe board of Ras Al Khaimah Co for White Cement and Construction Materials has approved the delisting of the UAE company’s shares from Boursa Kuwait. The company retains its listing on the Abu Dhabi Securities Exchange. In the 1H22 the company reported net profits attributable to the owners of KWD1.41m (US$4.57m), up 22 per cent from KWD1.16m in the 1H21. Total operating revenues expanded by five per cent YoY to KWD10.71m from KWD10.16m in the year-ago period. |
Lafarge Emirates Cement uses first-of-its-kind finance facility to install WHR system18 August 2022, Published under Cement NewsStandard Chartered, a UK-based banking and financial services company, has closed a ‘transition trade’ facility with Lafarge Emirates Cement to enable the cement producer to invest in a waste heat recovery (WHR) system. The transition trade facility is believed to be the first of its kind in the Middle East and forms part of Standard Chartered’s commitment to provide US$300bn in ‘green’ and transition finance by 2030. “This market-first transition trade finance facility is a result of ... |
Fujairah Cement sees narrowing 2Q loss12 August 2022, Published under Cement NewsUAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in the equivalent quarter of the previous year. Second-quarter revenues came in at AED88.7m, down from AED90.8m in the 2Q21. |
UltraTech acquires 29% stake in RAK White Cement19 April 2022, Published under Cement NewsUltraTech Cement Middle East Investments , part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Construction Materials PSC . RAK White Cement reported a turnover of INR4.825bn (US$63.2m) last year, up from INR4.46bn in 2020. The company is registered on the Abu Dhabi and Kuwait stock exchanges. |
ABB installs its distribution control system at Star Super Cement06 April 2022, Published under Cement NewsABB was the electrical and automation partner for the Star Cement clinkerisation plant 10 years ago and had deployed ABB’s DCS for three cement grinding units when these plants were installed. Each grinding unit had a different generation of DCS depending on the plant commissioning period. All grinding units have now been upgraded to ABB Ability System 800xA, which can implement advanced process control methods and is ranked by the ARC advisory group as the world’s No 1 DCS platform over th... |