CEMEX buys 51% share of Israeli recycling company
CEMEX has announced that it has acquired a 51 per cent stake in Israel-based SHTANG Recycle LTD, a construction, demolition, and excavation waste (CDEW) recycling company....
Middle East
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Tabuk Cement appoint a new chairman and vice-chairman
Tabuk Cement ’s board of directors have appointed Yazid bin Khalid Al-Shathri as chairman, and Tareq Alangari as vice-chairman, according to a statement to Tadawul. Amal Re...
IKN commissions Southern Province Cement cooler
IKN has successful commissioned the new Southern Province Cement Co Bisha line 1 clinker cooler in Saudi Arabia. This is the conclusion of a very challenging project that ...
Bullish 4Q22 results expected for Saudi Arabian producers
Twelve Saudi Arabian cement companies' aggregate profit listed on Tadawul are expected to surge 101 per cent YoY and 20 per cent QoQ to SAR617m (US$164.5m) in the 4Q22, accordi...
Saudi cement demand to remain flat in 2023
Cement demand in Saudi Arabia is forecast to remain flat in 2023 before expanding by five per cent YoY in 2024, according to a report by SICO Bank. Cement demand fell by 1.8 pe...
Iranian cement production expands 6% in 9M22
Cement production in Iran increased 5.7 per cent YoY in the first nine months of the current Iranian calendar year (21 March-21 December 2022), according to data released by th...
Iran’s cement market expands 3% in November
Iranian cement consumption increased by 2.9 per cent to 5,514,796t in November 2022 when compared with the year-ago level of 5.36Mt, according to the Iran Cement Association. ...
Yanbu Cement pays out US$31m in dividends
Yanbu Cement Company is to pay out cash dividends worth SAR118.12m (US$31.49m) to shareholders in the second half of 2022. This represents 7.5 per cent of capital. According ...
Saudi cement sales rise 5% in November
The aggregate sales of 17 Saudi cement producers rose one per cent YoY to 4.8Mt in November 2022, according to Yamama Cement Co ’s data. Locally, nine market players reported ...
Iran sees 4% increase in cement exports
Iran exported 7.6Mt of cement in the first seven months of the current Iranian calendar year (March 2021-October 2022), according to data from the Iranian Industry, Mining and ...