Cement News tagged under: Yamama Saudi Cement

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Yamama Cement to move 10,000tpd kiln line to new site

21 April 2021, Published under Cement News

Yamama Cement Co’s board of directors decided, in a meeting on 19 April 2021, to transfer and install the No 7 line from the company’s old production site in the south of Riyadh to the new plant location in Northern Halal in Al-Kharj governorate of the Riyadh region. The company said in a bourse statement that this comes in line with Saudi Arabia’s Vision 2030 to keep pace with development projects. The production capacity of the line is 10,000tpd. Therefore, by the end of 2024, t...

Red Sea City plan raises Saudi cement firms' share prices

30 October 2017, Published under Cement News

Saudi Arabia’s plan to build an entirely new US$500bn city, Neom, by the Red Sea has breathed life into the country’s beaten-down cement sector. Shares of companies such as Saudi Cement Co, Southern Province Cement Co and Yanbu Cement Co, the country’s biggest by market value, have all risen since the kingdom announced the Neom plan earlier this week, reports Arabian Business. The announcement "is surely a long-term positive for the cement sector - a sector which has been reeling...

Yamama Saudi Cement quarterly profit down 66%

20 April 2017, Published under Cement News

Yamama Saudi Cement reported a net profit of SAR50.8m (US$13.5m) in the first quarter of 2017, translating into a YoY drop of 66 per cent due to a decline in operating profit. Gross profit in the period was also down by 66 per cent YoY to SAR63m on the back of lower sales volumes and average realised price per tonne. Revenue fell 41 per cent YoY to SAR220m. Cement volumes amounted to 1.24Mt in the first quarter of the year, down 25 per cent YoY but up by three per cent compared to the p...

Saudi Arabia: sales drop 10%

03 October 2016, Published under Cement News

According to a report quoting Yamama Cement data, total cement sales in Saudi Arabia stood at 4.34Mt for the month of August, registering a 10.3 per cent decrease YoY. However, the figure was up 41 per cent on the previous month. Total inventory reached a high of 26.35Mt, representing 45 per cent of the last 12 month's sales. Inventory grew 11.7 per cent YoY and five per cent on the previous month, according to an Al Rajhi Capital report. For the month of August, cement production in t...

Saudi Arabia cement companies see sales and production fall 10%

20 September 2016, Published under Cement News

Sales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports. Output for August was 4.3Mt, while deliveries were 4.4Mt. The fall in sales was unevenly distributed, with some companies – notably Riyadh Cement and City Cement – seeing double-digit increases. Of the bigger players, Saudi Cement escaped the worst, with its sales falling by 1.5 per cent, while Yanbu fared particularly poorly, with sales dropping...

Saudi Arabia: Wärtsilä power plant for Yamana Cement

29 June 2016, Published under Cement News

Yamana Cement Company have awarded Wärtsilä an EPC contract for the supply of a 161MW Flexicycle power plant. In addition to the EPC contract, the companies have also signed a five-year operation and maintenance management agreement as well as a 10-year spare parts supply agreement. The value of the order stands at approximately EUR115m (US$127m). The power plant will be delivered in four phases, with the first phase estimated to be delivered by the end of 2017. The complete plant is sche...

Saudi Arabia: Yamama and EPPCO announce profits, Saudi Cement rebrands

21 April 2016, Published under Cement News

Yamama Cement and Eastern Province Cement Company have announced their first quarter earnings for 2016 with mixed results. Yamama, the larger of the two, saw its profits fall by 14 per cent YoY in 1Q2016, to US$40m. Yamama put this down to rising fuel prices, overuse of fixed assets, a rise in general and administrative expenses and investment losses. Eastern Province Cement Company reported that its 1Q2016 profits were up 3.5 per cent YoY. It attributes this growth down to a turnaroun...

Yamama Saudi Cement to upgrade Riyadh works

22 March 2013, Published under Cement News

Yamama Saudi Cement Company is to carrying out the rehabilitation of an existing cement plant in Riyadh. This project is in Saudi Arabia. It aims at replacing five old clinker lines to increase the production capacity to 10,000tpd. The scheme is currently under planning and no expected schedule has been disclosed. A feasibility study has already been completed.

Yamama Saudi Cement 1Q12 net profit rises

11 April 2012, Published under Cement News

Yamama Saudi Cement said Tuesday its first-quarter profit surged 54% on the year to SAR278m (US$74.1m) due to higher sales and improved operational efficiency. First-quarter earnings per share were SAR1.37 versus SAR1.33 a year ago, the company said in a statement posted on the Saudi bourse website. Operating profit for the three-month period rose to SAR287m, compared with SAR184m in the year-earlier period, it said. Earlier this week domestic peers Yanbu Cement and Qassim Cement also r...