Cement News tagged under: UAE

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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...

UAE to construct MSW plant for alternative fuel production

16 October 2018, Published under Cement News

The UAE will soon start construction and operation of a municipal solid waste treatment (MSW) plant and alternative fuel production plant in the northern emirate of Umm Al Qaiwain. The initiative by the UAE Ministry of Climate Change and Environment has signed an agreement for the project with NV Besix, TG Eco Holding and UK-based Green Revenires. The 40ha plant will come up in Al Madfaq area around 20km north of Umm Al Qaiwain and 2.5km west of the Sheikh Mohamed bin Zayed Road. It is expe...

HeidelbergCement

02 October 2018, Published under Cement News

HeidelbergCement subsidiary Suez Cement Co, which came with the purchase of Italcementi, has agreed in principle to sell the El Minya white cement works to Emaar Industries Company. The El Minya works was completed in 1991 and has a capacity of 1Mta and is located in the Cairo area, to the north of the city. It is held through Helwan Cement Co, which first has to split out its white cement operations. That procedure is likely to take some months. Emaar Industries is controlled by the D...

JSW Cement's growth plans

28 September 2018, Published under Cement News

This week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company has been expanding rapidly in recent years from its start-up in 2009 and this summer it also announced that it will be setting up its first overseas grinding unit in Fujairah, UAE . Both these projects are scheduled to be completed by the end of 2019, by which time the Portland slag cement producer aims to have a ...

Gulf Cement Q2 profit falls 38%

15 August 2018, Published under Cement News

UAE cement producer Gulf Cement reported a 38.2 per cent fall in net profit attributable to shareholders to AED8.4m (US$2.29m) in the 2Q18 when compared with AED13.6m in the year-ago quarter. Total operating revenues during the second quarter decreased to AED108.8m, down 25.9 per cent from AED146.9m in 2Q17.

JSW Cement to construct 1Mta facility in UAE

20 July 2018, Published under Cement News

India’s JSW Cement has announced plans to invest US$150m to construct a 1Mta clinker unit and captive power plant in Fujairah, UAE. The project is part of the company’s target to reach a capacity of 20Mta by 2020 and will be conducted through its wholly-owned subsidiary, JSW Cement FZE. "Our plans to establish this clinker unit reaffirms JSW Group’s commitment to stay invested in Fujairah. JSW Group has long-standing business relationships in UAE and specifically in Fujairah through our in...

Shree Cement acquires 98% stake in UCC

12 July 2018, Published under Cement News

Shree Cement has completed the acquisition of a 97.6 per cent stake in the UAE’s Union Cement Co (UCC). The deal was struck through the company’s wholly-owned subsidiary, Shree International Holdings, incorporated in the UAE. The acquisition was managed by Ras Al Khaimah’s Investment and Development Office (IDO) on behalf of the government, according to an official statement. "The acquisition of UCC manifests Shree’s strategy to expand overseas, taking the UAE as a launch pad for more inv...

Shree Cement budgets for United Cement acquisition

12 June 2018, Published under Cement News

Shree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that it can set up plants ground up at a much lower cost, reported Livemint. Shree will spend at least INR15,000m in the current financial year to acquire...