Cement News tagged under: Yemen
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
Reon Energy to supply renewable micro grid to Yemen Cement18 December 2023, Published under Cement NewsClean technology company Reon Energy announces a strategic partnership with Arabian Yemen Cement Co Ltd (AYCCL). Addressing the specific energy challenges of the cement sector, Reon introduced an intelligent renewable micro grid comprising a 13.5MW solar power project and a 5.59MWh Reflex battery energy storage system (BEES) powered by SPARK TM , Reon’s Intelligent Energy Management Platform. The collaboration focusses on key objectives of energy cost reduction and carbon footprint ... |
Eastern Province Cement sees revenue fall 11% YoY in 9M2226 October 2022, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Co (EPCCO) has posted revenue of SAR531m (US$141.6m) in the first nine months of 2022, down 11.3 per cent on the SAR598.5m seen in the same period a year earlier. Net profit after zakat and tax over the same timeframe fell 42.8 per cent from SAR159m to SAR91m. The fall in profit was attributed to lower cement sales, higher selling, general and administrative expenses, along with a decline in the share of profit of associates, according to the compa... |
Tabuk Cement wins clinker export order to Yemen22 March 2019, Published under Cement NewsTabuk Cement of Saudi Arabia has won an order to export 500,000t of clinker to Golden Oil Co in Yemen. The contract will conclude by the end of 2019, according to a bourse statement. The financial impact will be reflected in Tabuk Cement's financial business report in the 2Q19. Tabuk Cement operates an integrated cement plant at Duba port producing 1.2Mta of cement. |
Exports help Saudi cement sales rise 7% in December17 January 2019, Published under Cement NewsCement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital. Clinker inventory increased 18.8 per cent YoY and 0.8 per cent MoM to 42.34Mt last month, but cement dispatches were down 10 per cent YoY. The plant utilisation rate in the Saudi cement sector fell to 54.1 per cent in December, compared to 62.4 per cent in the same period last year. Hail and Southern Cement record... |
Southern Province Cement to sell 20,000t of cement to Yemen05 December 2018, Published under Cement NewsSouthern Province Cement has signed an agreement to export 20,000t of Portland cement to Yemen. The contract expects to deliver the volume over a three-month period, starting from the date of the first shipment, according to Reuters. |
Tabuk Cement to export to Yemen26 November 2018, Published under Cement NewsSaudi Arabia’s Tabuk Cement has signed a memorandum of understanding with Yemen to export cement. The company will export 6000t of cement in a three-month deal with the country. Tabuk Cement recently reported that its losses widened 57 per cent YoY in the 3Q17, reaching SAR19.19m (US$5.11m) from SAR12.2m in the year-ago period. In the first nine months of 2018, the company’s net loss grew to SAR66.49m. |
End of Yemeni conflict could provide lifeline for Saudi exporters02 November 2018, Published under Cement NewsCNBC reported that US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis have called for a cessation of hostilities in Yemen and the start of a conflict resolution – if it is indeed one – could open up an opportunity for regional cement players. According to World Bank estimates, Yemen would need over many years and some US$85-90bn for its reconstruction process. According to initial estimates, this would translate to cement demand in the range of 8-10Mta (assuming a 10-year r... |
Yemen cement factory overcomes supply problems28 November 2014, Published under Cement NewsSaudi Arabia-based Eastern Cement Co said that fuel and raw materials supply for clinker production in neighbouring Yemen was temporarily interrupted in November, due to the escalating security and political turmoil in the country. The sale of cement by Arabian Yemen Cement Company Ltd, in which Eastern Cement controls a stake of 31.58 per cent, has continued without disruptions as the company has sufficient reserves of clinker, the Saudi firm said. The clinker production process has since ... |
Raysut sales ease in first nine months, Oman12 November 2013, Published under Cement NewsRaysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbouring UAE. During the Jan-September 2013 period the company reported a 12.6 per cent YoY rise in net profit before tax of OMR21.52m (US$55.9m). Revenue was down slightly to OMR70.18m compared to OMR70.35m in the same period of the year. The company said that competition from the UAE is likely to continue, putting pres... |