Qatar National Cement sees 16% drop in 1H revenue
Qatar National Cement Co (QNCC) posted revenues of QAR197.597m (US$54.3m) in the six months ended 30 June 2024, down 15.5 per cent from QAR233.779m in the 1H23. Gross profi...
Middle East
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Cementir acquires additional 25.4% stake in Sinai White Portland Cement
Cementir Holding NV announced that its fully-owned subsidiary Aalborg Portland Holding A/S has acquired an additional 25.4 per cent stake in Sinai White Portland Cement Co...
Qassim Cement posts 58% rise in 1H net profit
Saudi Arabia-based Qassim Cement Co posted revenue of SAR203.3m for the quarter ended 30 June 2024, representing a 48.2 per cent increase from SAR137.2m in the year-ago perio...
Eastern Province Cement sees 20% rise in 1H net profit
Saudi cement producer Eastern Province Cement Co posted a sales revenue of SAR585m (US$156m) in the first six months of 2024, representing a 29.1 per cent increase from SAR45...
Medhat Ismail appointed the new CEO of Lafarge in Iraq
Medhat Ismail will start his new position as Lafarge Iraq CEO in August 2024. Medhat brings a wealth of experience to his new role. His proven ability to drive industrial tra...
Yanbu Cement sees 14% rise in 1H net profit
Saudi Arabia-based Yanbu Cement Co announced its interim condensed consolidated financial results for the period ended 30 June 2024. Sales for the six month-period advanced...
Al Jouf Cement signs contract for NEOM City cement supply
Al Jouf Cement Co has signed a SAR104.19m (US$27.7m) contract to sell cement to Webuild SpA for NEOM construction projects. The joint deal will last 41-months from the date o...
YTL Cement to acquire NSL
Malaysian cement producer, YTL Cement, has agreed to acquire Singapore-based NSL for MYR792m (US$169.5m). According to Business Today, NSL is principally involved in the prov...
Iran cement growing robustly despite a plethora of concerns
Iranian cement sales slipped in June versus the previous month to come in at 5.353Mt, down from 5.568Mt in May but were up a notable 24 per cent YoY from 4.78Mt in June 2023, a...
Umm Al-Qura Cement revises fuel price modification impact
Saudi Arabia-based Umm Al-Qura Cement Co has revised its estimated production cost increase due to the recent fuel price changes. Initially the company faced an 11 per cent i...