Cement News tagged under: Yamama Cement

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Yamama Cement sees revenue surge 73% in the 3Q19

16 October 2019, Published under Cement News

Saudi Arabia’s Yamama Cement Co has returned to profit in the 3Q19, posting a SAR45.7m (US$12.1m) profit against losses of SAR46.3m in the year-ago quarter. Revenue also surged 73.1 per cent YoY to SAR186.5m. In the first nine months of 2019, net profits reached SAR178.5m compared to a SAR58.7m loss in the 9M18. The company also recorded a 56.8 per cent YoY increase in revenue to SAR565.7m from SAR360.8m.

Yamama Cement reports 47% net profit increase in 2Q19

31 July 2019, Published under Cement News

Saudi Arabia’s Yamama Cement has recorded a 46.6 per cent YoY increase in net profit for the second quarter of 2019, rising to SAR53.2m (US$14.19m) from SAR36.3m. The company’s sales saw a similarly positive result, advancing 47.6 per cent to SAR165.3m against SAR112m of the 2Q18.

Saudi sales rise in June 2019

12 July 2019, Published under Cement News

Cement sales in Saudi Arabia increased 20 per cent YoY to 2.55Mt in June 2019, compared to 2.13Mt in the same month last year, according to data compiled by Yamama Cement Co. Only four cement producers out of 17 in total reported lower sales for the month. Tabuk Cement saw the largest decline (-27.9 per cent to 57,000t), followed by Hail Cement (-21 per cent to 64,000t) and Yamama Cement (-13.4 per cent to 219,000t). However, 12 manufacturers reported an increase in sales. This was led by...

Yamama on track to the future

15 November 2018, Published under Cement News

Designed for a clinker capacity of 20,000tpd, Yamama Cement Company’s new plant complex is currently the largest cement project in the Middle East. For the cement company and its EPC contractor thyssenkrupp Industrial Solutions, the project is now entering the home straight. By thyssenkrupp Industrial Solutions AG, Germany. Construction on Yamama Cement’s new 20,000tpd plant at Alhalal Alshamalia, Saudi Arabia, is well under way Yamama Cement, one of the oldest and largest cemen...

Saudi cement production falls 7% in April

11 May 2018, Published under Cement News

The total production of Saudi cement companies fell 7.4 per cent YoY in April 2018, declining to 4.2Mt from 4.54Mt. Furthermore, sales in the country dropped 9.5 per cent YoY in the same period, according to a report released by Yamama Cement Co. However, cement inventories rose 4.6 per cent to 1.19Mt in April. Elsewhere, Saudi Cement Co reported a 7.9 per cent increase in sales volume to 519,000t for the April period. Northern Region Cement Co announced a seven per cent YoY decrease in sa...

Yamama Cement sees 90% profit fall

24 July 2017, Published under Cement News

Saudi Arabia's Yamama Cement Co saw net profits fall 89.5 per cent YoY in 2Q17. Earnings contracted to SAR12.17m in the second quarter from SAR116.3m in 2Q16. The decrease in net profits was attributed to lower sales following a decrease in local demand. Total sales decreased by 30.6 per cent to SAR194.7m in 2Q17 from SAR280.4m in 2Q16.  

Yamama agrees raising credit facility limit

20 June 2017, Published under Cement News

Yamama Cement announced that it has agreed with the National Commercial Bank (NCB) and Samba Financial Group to raise its sharia-compliant credit facility limit from SAR1bn to SAR3.6bn (US$266.6m to US$960m). The maturity date for the last instalments for these facilities is on 2 January 2025, the company said in a statement to the Saudi Stock Exchange. The new limits will be used to open new letters of credit worth SAR500m, as well as Murabaha facilities at SAR 2.1bn, financial website M...

Relocating Yamama Cement

20 February 2017, Published under Cement News

After years of planning, Yamama Cement Company has finally commenced the relocation of its cement manufacturing operations, moving production from inside the capital, Riyadh, to a new location some 80km from the city. As construction at the new site of two state-of-the-art, 10,000tpd clinker lines gets underway, ICR provides this update on the largest cement project now underway in the Middle East. By ICR Research, UK. The impressive, new Yamama Cement factory, equipped with two 10,00...

Saudi Arabia: Yamama Cement mothballs five clinker lines

26 January 2017, Published under Cement News

In an announcement to the Saudi Arabian stock exchange, Yamama Cement has said that it will temporarily close five clinker production lines with a combined capacity of 5600tpd. The company said that current market market conditions had led to a rise in clinker stocks throughout the sector in Saudi Arabia and for this reason the firm had decided to suspend production at its oldest facilities. 

Saudi Arabia: Yamama Cement secures US$266m for new plant

03 January 2017, Published under Cement News

Saudi Arabia's Yamama Cement Company has secured SAR1bn (US$266.6m) to partially fund the building of a new plant, it said on Monday. The three-year financing includes SAR750m from National Commercial Bank and SAR250m from Samba Financial Group, the company said in its statement. The company signed a SAR4.2bn contract with thyssenKrupp Industrial Solutions in November 2015 to build the works, it said at the time. It will be located 100km outside the Saudi capital of Riyadh and boast a ...