Tabuk Cement sees 1Q losses
Saudi cement producer Tabuk Cement Co reported revenues of SAR62.18m (US$16.58m), down 19.2 per cent YoY, in the January-March 2022 period, according to the company Net loss...
Middle East
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Hail Cement posts 1Q22 sales losses of SAR6.9m
Saudi Arabia's Hail Cement Co has reported losses of SAR6.9m (US$1.8m) in the 1Q22 after it witnessed a drop in sales. The cement producer had made profits of SAR25.9m in the...
Arabian Cement 1Q profits see 37% drop
Arabian Cement’ s net profit after zakat and tax declined 37 per cent YoY to SAR41.9m (US$11.2m) in the first quarter of 2022. When compared with the fourth quarter of 2021, n...
Iranian cement demand hits 4Mt mark
Cement consumption in Iran reached 4Mt in April 2022, according to the Iranian cement association. The country produced 6.99Mt of clinker, of which it exported 0.79Mt. Cemen...
Eastern Province Cement sees 52% drop in 1Q profits
Saudi Arabian cement producer Eastern Province Cement Co reported a net profit after zakat and tax of SAR29m (US$7.7m) in the 1Q22, down 51.7 per cent YoY. Revenues decline...
Cemex reports 1Q22 net sales increase of 13%
Cemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environ...
Yanbu Cement acquires Yanbu Saudi Kuwaiti Paper Products Co
Saudi’s Yanbu Cement has acquired shares owned by Kuwait’s Shuaiba Industrial Co in its unit Yanbu Saudi Kuwaiti Paper Products Co for SAR32.3m (US$8.6m). The transacti...
UltraTech acquires 29% stake in RAK White Cement
UltraTech Cement Middle East Investments , part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Const...
Mondi acquires paper bag lines from Lafarge Cement Egypt subsidiaries
Mondi Group’s Mondi Paper Bags business unit has purchased paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt . The addition...
Vicat Cement Egypt's acquisition of Sinai Cement approved
The Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement C...