Northern Cement posts 89% rise in profit
Jordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales a...
Jordan
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Northern Cement reports 37% rise in net income
Jordan’s Northern Cement has reported a 24 per cent decline in revenue to JOD37.19m (US$52.46m) in 2020, compared with JOD48.94m in the previous year. Gross profit advanced 29.9...
ASEC and Qatrana Cement extend O&M contract
ASEC of Egypt and Qatrana Cement Co of Jordan have announced the extension of the operation and maintenance (O&M) contract for an additional three years. The collaboration start...
Jordanian Cement Factories files for insolvency
The Jordanian Cement Factories Co has announced that it will file for insolvency on the back of adverse financial conditions, worsening as a result of the COVID-19 pandemic, acc...
Al Jouf Cement extends export contract to Jordan
Al Jouf Cement has extended its contract with Saudi Industrial Export (SIECO) to export 72,000t of cement to Jordan over the next year. The new extension begins on 27 November 2...
Lafarge Jordan Cement set to cut 200 jobs
Lafarge Jordan Cement has announced it would be cutting 200 jobs to remain in business after accumulating losses of JOD62.2m (US$87m) following the closure of one plant in the c...
Jordan: seeking opportunities Premium
In an interview with Khaled Huraibat, chairman of the Jordan Cement Producers’ Association, ICR finds out more about the latest developments in the country’s cement sector ahead...
Fostering mutual understanding Premium
Ahead of the 23rd Arab International Cement Conference and Exhibition (AICCE23) in Amman, Jordan, ICR speaks with Mohammad Khalaf Mohammad Al Manaseer, CEO of Manaseer Industria...
Arabian Cement makes 2Q18 net loss of SAR50.9m
Arabian Cement Company (ACC) registered a net loss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at its Qatrana Cement factory in Jordan. The company's ne...
Jordan increases cement prices
Jordan’s five factories increased the price of cement to JOD74/t (US$104) from JOD38 on Sunday, according to The Jordan Times. The price hike is intended to end the accumulative...