Cement News tagged under: agreement

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Al Khalij Cement to supply oil well cement to Qatar Petroleum

14 March 2019, Published under Cement News

Al Khalij Cement Co has signed a three-year agreement for the supply of oil well cement to Qatar Petroleum. The deal was signed at an event marking the launch of Qatar Petroleum's Tawteen programme, which has been designed to improve the supply chain of the country’s energy sector. "We are delighted to have been selected by Qatar Petroleum for the supply of oil well cement. This represents an endorsement of the high-quality standards of our production facility. This special type of cement i...

Al Rashed signs agreement to market and distribute NRCC's white cement

23 October 2018, Published under Cement News

Saudi Arabia's Al Rashed Cement has signed an agreement with Northern Region Cement Co (NRCC) to facilitate marketing and distribution of NRCC’s white cement. The value of the one-year contract will be determined based on market price, according to a statement to the stock exchange. NRCC reported a loss of SAR6.69m (US$1.78m) in 2Q18, compared with a profit of SAR8.26m for the year-ago period. In the 1H18, the company recorded a SAR5.23m net loss.

India: ECO Cement to produce for Prism Cement

11 May 2016, Published under Cement News

Cogencis EquityWire reports that ECO Cement (ECL) and Prism Cement have reached an agreement whereby the former will manufacture and supply cement to the latter. "The arrangement with ECL is expected to help the company optimise its logistic costs as well as improve local availability in its strategic markets of Bihar," Prism Cement said. ECL operates a cement-grinding plant with a capacity of 0.6Mta in Bihar's Bhabhua district.

Zimbabwe’s PHL agrees ownership deal with government

20 November 2012, Published under Cement News

PPC-owned cement producer Portland Holdings Ltd (PHL) has agreed an ownership deal with the Zimbabwean government and plans to invest US$200m to expand its operations in the country. PPC said the deal followed a series of engagements between PHL and the Economic Empowerment Ministry which culminated with the approval of an empowerment plan that complied with the indigenisation legislation. Zimbabwe’s indigenisation and empowerment laws require foreign-owned firms to sell at least 51 pe...