Cement News tagged under: UAE

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Sharjah Cement elects new chairman

14 October 2019, Published under Cement News

UAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made during the company’s board meeting on Saturday, 12 October 2019.

RAK Cement cancels cement plant acquisition plans

11 September 2019, Published under Cement News

UAE-based Ras Al Khaimah Cement has reportedly cancelled a deal to acquire a cement plant and quarry as financing could not be arranged, according to Reuters. While the name of the plant and quarry were not released in the statement, the company had previously planned to acquire the Newtech cement plant and Al Banna quarry in Fujairah. However, the deal, valued at AED450m (US$122.5m), was pushed back to the 2Q19 due to incomplete financing procedures.

Arkan sees 55% net profit increase in 1H19

06 August 2019, Published under Cement News

UAE-based Arkan Building Materials has announced a 55 per cent YoY increase in net profit to AED33.8m (US$9.2m) for the 1H19. The positive result has been attributed to cost management schemes, the award of an insurance claim and proceeds from the Emirates Cement Factory sale. However, group revenue declined 8.9 per cent to AED458.9m, compared with AED503.8m in the 1H18. The fall was a result of market price pressure as export markets saw a slowdown, according to the company.

Sharjah Cement sees 85% drop in profit for 1H19

06 August 2019, Published under Cement News

UAE-based Sharjah Cement has seen an 84.7 per cent YoY fall in profit to AED2.54m (US$691,626) for the 1H19, compared with AED16.55m in the year-ago period. The company also reported an 8.5 per cent decline in revenue to AED291.43m from AED318.48m. In the 2Q19, profits slipped 60.2 per cent to AED1.74m from AED4.37m. Revenue decreased 5.1 per cent to AED138.31m, against AED145.81m in the 2Q18.

Gulf Cement Co posts net loss in 2Q19

02 August 2019, Published under Cement News

UAE-based Gulf Cement Co has posted an AED598,270 (US$162,905) net loss in the 2Q19, compared to an AED8.4m profit in the year-ago period. Sales costs increased to AED107m from AED101m. In the first half of 2019, profit saw a considerable decline of 84 per cent YoY to AED856,500. The company attributed the fall to a two per cent decrease in revenue and a 25 per cent rise in general, administrative and selling expenses to AED12m. 

UAE cement prepares for Expo 2020

26 July 2019, Published under Cement News

This week CemNet reported on the cooperation agreement between two cement producers in the UAE – Al Ain Cement Factory (Arkan Group) and National Cement Factory. This is the latest of several trends that suggest that cement production in the UAE is changing with manufacturers looking to put themselves on firmer footings in the build-up to Expo 2020 (20 October 2020-10 April 2021). In a recently-published report, the Dubai government recently highlighted that the Expo 2020 would contribute...

UAE cement producers sign cooperation agreement

24 July 2019, Published under Cement News

Al Ain Cement Factory (Arkan Cement Group) and National Cement Factory, owned by Lttihad International Investments, will collaborate on as 'partners of choice' under a new agreement signed by both. The agreement will see opportunities for better clinker supply, and reduced production and logistical costs. Abdulaziz Asad, Arkan Cement's chief operating officer, said the "new agreement is a cooperation of the two largest cement and steel slag producers in Abu Dhabi." "With this collabora...

UAE cement company finds use for camel dung

22 July 2019, Published under Cement News

Gulf Cement is preventing thousands of tonnes of camel waste from going to landfill. The cement company is cutting its emissions while using camel dung to supplement its fuel usage. Under the government-run scheme, farmers of Ras-al-Khamaih deposit camel waste at designated collection stations to be blended with coal to make a fuel for Gulf Cement. "People started to laugh, believe me," said Mohamed Ahmed Ali Ebrahim, manager of Gulf Cement Co.  "We heard from our grandfathers that they us...

UltraTech Cement

22 May 2019, Published under Cement News

Following its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as part of the deal. Prior to the agreement with UltraTech, Binani had tried to sell its 90 per cent stake in the Chinese plant but was unsuccessful. Finding a buyer for the UAE grinding works is also expected to be difficult due to overcapacity in the country. Meanwhile, UltraTech is pushing ahead with its plans to est...

EGA completes new spent pot lining plant

21 May 2019, Published under Cement News

UAE-based Emirates Global Aluminium (EGA) has announced the completion of a new AED15m (US$4.1m) pre-treatment and crusher facility for spent pot lining (SPL) in Al Taweelah, Abu Dhabi. The facility is the largest of its type in the Gulf region and will be used to supply an alternative feedstock for cement companies in the country. In 2018 EGA supplied 41,000t of SPL to cement companies in the UAE, according to Arabian Business. EGA had previously worked alongside third parties to process...