Nesher Cement fined for breaking Clean Air Law
Nesher Israel Cement Enterprises ( Clal Industries ), Israel’s only producer of cement, has been fined nearly ILS6m (US$1.9m) for violations of the Clean Air Law, the Environ...
Middle East
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Lafarge Emirates Cement uses first-of-its-kind finance facility to install WHR system
Standard Chartered, a UK-based banking and financial services company, has closed a ‘transition trade’ facility with Lafarge Emirates Cement to enable the cement producer to ...
Al Jouf Cement appoints new CEO
Saudi Arabia-based Al Jouf Cement has appointed Abdul Karim Al-Nuhair as CEO, effective from 21 August 2022. Mr Al-Nahair replaces Jamal bin Salem Al-Amer who resigned as ...
Qassim Cement Co sees 73% fall in profits in 1H22
Qassim Cement Co posted a 73 per cent drop in profit during the 1H22, hit by lower cement demand. The Saudi cement producer’s profit fell to SAR54m (US$14m), compared to SAR2...
ASEC wins two-year operation and maintenance contract with BMIC
Arab Swiss Engineering Co (ASEC) has won a two-year contract for the operation and maintenance of Building Material Industries Co ’s Assuit cement plant , Egypt. This follows...
Fujairah Cement sees narrowing 2Q loss
UAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in th...
City Cement posts 26% drop in 2Q sales
Saudi Arabia-based City Cement Co saw a 50.1 per cent drop in net profit after zakat and tax to SAR24.8m US$6.61m) in the second quarter of 2022. In the 2Q21 net profit after...
Southern Province sees 42% fall in 1H net profits
In the first half of 2022, Saudi Arabia-based Southern Province Cement Co reported net profits after zakat and tax of SAR150m, down 41.6 per cent YoY from SAR257m in the 1H21...
Two Saudi cement firms report declining 1H22 profits
Two cement companies have posted their interim financial results at the Saudi Stock Exchange (Tadawul) for the period ending on 30 June 2022, showing lesser earnings during thi...
Arabian Cement posts 34% rise in 2Q profit
Saudi cement producer Arabian Cement Co reported a 2Q net profit after zakat and tax of SAR45m (US$12m), up 34.2 per cent from SAR33.5m in the 2Q21. The increase in profit ...