Cement News tagged under: Yemen

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Tabuk Cement wins clinker export order to Yemen

22 March 2019, Published under Cement News

Tabuk 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 December

17 January 2019, Published under Cement News

Cement 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 Yemen

05 December 2018, Published under Cement News

Southern 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 Yemen

26 November 2018, Published under Cement News

Saudi 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 exporters

02 November 2018, Published under Cement News

CNBC 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 problems

28 November 2014, Published under Cement News

Saudi 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, Oman

12 November 2013, Published under Cement News

Raysut 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...

Raysut Cement board approves US$24m investment plan

06 June 2013, Published under Cement News

The board of directors of Raysut Cement, Oman, has approved investments in four projects totalling US$24m in markets where the company is already present as well as new venture in Somalia. The projects include a cement terminal in Duqm port, Oman, which will also see the construction of two silos with a capacity of 4000t. The Duqm project is set to start operations in the second half of 2014. The company is also constructing a similar terminal at Somalia's Berbera Port which is a joint...

Oman forecast to see increased exports

09 April 2012, Published under Cement News

Oman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected to be a major beneficiary as exports accounted for 32 per cent of sales in 2011, states the report by EFG Hermes. Domestic cement consumption, meanwhile, is expected to rise by seven per cent during the current year to 6Mta with local production being able to meet demand. Domestic production this year is estimated ...

Saudi Arabian cement heads to Yemen

03 April 2012, Published under Cement News

Large quantities of cement from Saudi Arabia are being smuggled into Yemen at competitive prices due to the decline of local supply and increased demand in Yemen, according to local press reports. Head of the financial sector of the Public Cement Corp, Abul-Malik Al Qirishi told the Yemen Times that trucks that transfer salt to the Saudi town of Jazan, return to the Hodeida in Yemen carrying Saudi Arabian cement. Mr Al Qirishi states that the increasing flows to Yemeni markets is due t...