Cement News tagged under: UAE
Gulf Cement records net loss in 1Q2014 May 2020, Published under Cement NewsUAE-based Gulf Cement has posted a net loss of AED28.9m (US$7.87m) in the first quarter of 2020, compared to an AED1.5m profit in the corresponding period of last year. Revenues also declined 32 per cent YoY to AED88.26m from AED130.06m. The company has also reportedly seen an investment loss of AED4.6m in the first three months of the year, compared to an investment income of AED260,207 in the 1Q19. |
Arkan sees 14% decrease in net profit for 1Q2004 May 2020, Published under Cement NewsUAE-based Arkan Building Materials has seen a 13.8 per cent fall in net profit to AED10.53m (US$2.87m) during the first quarter of 2020, compared to AED12.21m in the year-ago period. Total revenues decreased 11.4 per cent YoY to AED208.17m from AED234.99m. "The challenging construction market has not been helped by the emergence of COVID-19, towards the end of the first quarter," said the chairman of Arkan, Jamal Salem Al Dhaheri. "The increase in operating profit is due to a better pe... |
Celebrating industry excellence02 April 2020, Published under Cement NewsCemtech Middle East and Africa 2020 welcomed delegates from over 35 nations to the Grand Hyatt Dubai, UAE, on 16-19 February. The conference and exhibition offered a comprehensive overview of the regional cement industry and gave attendees the opportunity to network with cement producers and international industry specialists. The conference opened with a discussion of the GCC cement markets and global prospects The 15th Cemtech MEA conference and exhibition was successfully hel... |
China: outward bound23 March 2020, Published under Cement NewsChina’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential vehicles driving the global spread of Chinese technology and providing a platform for corporate cement and construction giants to enter new markets. ICR takes a look at the initiative’s progress to date and the impact on China’s cement industry, as its shifts from its purely domestic production base to establishing its p... |
Shree Cement operates largest kiln in the world03 March 2020, Published under Cement NewsShree Cement has increased kiln capacity to 14,500tpd following improvements at its Ras Al Khaimah plant in the UAE, making it the world’s largest operational kiln. The kiln surpasses the previous record-holder, ACC’s Wadi II plant in Karnataka, India, by 2000tpd. Shree Cement’s current installed capacity is 41.9Mta. In 2018 the company acquired Union Cement with its Ras Al Khaimah plant. The production facility has four kiln lines, but only one is currently active. |
Pioneer Cement signs limestone development agreement in Georgia02 March 2020, Published under Cement NewsRaysut Cement's UAE subsidiary, Pioneer Cement, has signed an agreement for the development of a limestone mine in Georgia. Under the 10-year deal SFL International will pay a royalty to Pioneer Cement for mining the limestone deposits. Pioneer Cement owns the concession to limestone mines in Georgia where it is currently set to construct a 1.2Mta cement plant. The plant will be located near Tbilisi, adjacent to the limestone mines. The value of the project is estimated at US$200m. Georgi... |
The 15th Cemtech MEA opens in Dubai18 February 2020, Published under Cement NewsThe 15th Cemtech MEA conference and exhibition has opened at the Grand Hyatt Dubai, UAE. Thomas Armstrong, managing editor of ICR, started proceedings by welcoming delegates to Dubai and also provided an update on the cement markets of the GCC. The GCC markets are currently facing the issue of large-scale oversupply, with the region hitting a peak demand level in 2015. Total capacity increased to 157Mta in 2018 from 110Mta in 2010, while consumption is currently at around 73Mta. However, ... |
Gulf Cement narrows loss13 February 2020, Published under Cement NewsUAE-based Gulf Cement reported a fall in revenues to AED443.6m (US$120.8m) in 2019, down from AED475.7m in 2018. This represents a YoY drop of 6.7 per cent. The company’s loss narrowed from AED33m in 2018 to AED26.8m. Gulf Cement operates a 2.7Mta integrated cement plant in Khor Khuir, Ras Al Khaimah. It has a clinker capacity of 3.8Mta. |
Shree Cement is closing in on 50Mta of cement production07 February 2020, Published under Cement NewsThis week it was announced that Shree Cement would enter the market of western India within the next six months . The company is preparing to open a new 2.5Mta grinding plant in Pune, Maharashtra with an investment of US$87.8m. The new plant will receive clinker from its plant in Kodla, Karnataka. Shree Cement has been expected to go on a growth path. As recently as November 2019 it raised more than US$278.36m through a qualified institutional placement (QIP) offering, which was underst... |
JSW Cement will use UAE plant to grow06 December 2019, Published under Cement NewsThis week, JSW Cement announced that its new 1Mta clinker production unit in Fujairah, UAE, is expected to be on-stream in January 2020. The project will enable JSW Cement to transfer clinker from UAE to Mumbai, where it will complete the finish grinding for the Indian market. The Dolvi plant is the company's closest plant to Mumbai, being situated just to the south in Raigad district. However, originally it was only equipped with a single 72tph UBE VRM and had a grinding capacity of 1Mta.... |