New cement plant for Afghanistan
Afghanistan will increase its cement capacity with a new 1Mta cement plant, the Shur Andem cement project, located in Kandahar. The acting head of Kandahar’s Mines and Petroleu...
Middle East
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Southern Province Cement makes progress on new 10,000tpd line
Saudi-based Southern Province Cement Company (SPCC) has reportedly completed its study into the construction of a new 10,000tpd production line at its Jazan plant, and work...
Tabuk Cement reports 30% YoY increase in revenue in 2022
Saudi Arabia’s Tabuk Cement Co has reported revenue of SAR297.55m (US$79.35m) in 2022, up 30.2 per cent from the SAR228.53m seen in 2021. Over the same period, net profit aft...
Umm Al Qura sees net profit plunge 72% YoY in 2022
Saudi Arabia-based Umm Al Qura Cement Company has reported revenue of SAR221.21m (US$58.99m) in 2022, down 20.66 per cent from the SAR278.83m seen in the previous year. Net p...
Saudi Arabia cement exports advance 46% in February
Cement sales in Saudi Arabia edged up one per cent to 4.215Mt in February 2023 from 4.155Mt in February 2022, according to Yamama Cement . Export sales, which accounted for fo...
Eastern Province Cement FY profit sees 26% drop
Full-year sales of Saudi Arabia’s Eastern Province Cement advanced 3.4 per cent to SAR784m (US$209.1m) in 2022 to SAR758m in the year-ago period. Net profit after zakat and...
Northern Region Cement posts 5% increase in 2022 net profit
Revenues of Northern Region Cement Co in Saudi Arabia increased by 10 per cent to SAR617.95m in 2022 from SAR561.91m in 2021. Net profits after zakat and tax advanced 5.4 p...
City Cement reports drop in net profit in 2022
Sales of Saudi-Arabia-based City Cement saw a 13.1 per cent fall to SAR431.4m (US$115m) in 2022 from SAR496.7m in 2021, reports Reuters. Net profit after zakat and tax was ...
Yanbu Cement full-year profit up 35%
Saudi Arabia-based Yanbu Cement has reported a 35 per cent increase in full-year net profit to SAR215.41m (US$57.44m) from SAR159.56m in the year-ago period. Sales were up ...
Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownershi...