Suez Cement looks to sell stake in Hilal Cement
Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the...
Kuwait
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Kuwait Portland Cement records 26% decline in profit
Kuwait Portland Cement has announced a 26.4 per cent YoY decrease in 2019 profit to KWD7.59m (US$24.88m), compared with KWD10.32m a year earlier. Operating revenue also declined...
GCC: a return of fortunes? Premium
The performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand...
Kuwait Portland Cement 3Q profit down 75%
Kuwait Portland Cement Co reported a 75 per cent decline in net profit in the third quarter of 2019. The company achieved profits of KWD605,600 (US$2m) in the 3Q19, compared wit...
Hilal Cement Co reports loss in 3Q19
Kuwait’s Hilal Cement Co has reported a loss of KWD52,300 (US$172,700) in the third quarter of 2019, according to a company bourse statement. However, in the first nine months o...
Kuwait Portland Cement sees slight fall in 2Q19 profit
Kuwait Portland Cement has noted a 0.7 per cent YoY decline in profit for the 2Q19 to KWD1.52m (US$5m), compared with KWD1.53m in the corresponding period of last year. However,...
Kuwait Cement Co proposes AF initiative
Kuwait Cement Co has proposed an initiative for the government to co-process municipal solid waste (MSW) at its plant in eastern Shuaiba to ease the issue of growing waste in th...
QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait
Qatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are look...
Kuwait Portland Cement sees 12% profit rise in 2018
Kuwait Portland Cement Co recorded a net profit of KWD2.49m (US$8.2m) in the 4Q18. This represents a 150 per cent YoY advance when compared with KWD997,000 (US$3.2m) in the same...
Magotteaux starts Kuwait cement mill optimisation programme
Magotteaux has started the modernisation of three cement mills for Kuwait Cement Co. The project consists of closing the open circuit with a fourth-generation XP4 ® i separators...