Iraq to see new US$250m cement project
Iraq has reportedly awarded a project to a Spanish company to construct a cement plant at a cost of around US$250m. Iraqi Industry Minister, Manhal Al-Khabbaz, said the plant...
Middle East
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Iranian cement sales down in July
Iran’s cement market contracted by 30.8 per cent MoM to 4Mt in July 2021 from 5.78Mt in June 2021. Clinker production declined from 6.75Mt in June 2021 to 3.95Mt in July 2021...
Al Jouf Cement sees profit advance 25% YoY
Al Jouf Cement has announced a 4.9 per cent YoY decline in revenue to SAR53.74m (US$14.34m) in the six months ended 30 June 2021, compared to SAR56.49m in the 1H20. However, ...
Cement sold through Iran's mercantile exchange rises
The operations manager of the Iran Mercantile Exchange (IME), Abbas Yaghoubi, has provided an update regarding the offering of all the country's cement via the IME, according t...
Saudi Cement buys 37% share of United Cement
Saudi Cement Co has acquired a 37 per cent stake in United Cement Industrial Co (UCIC) for SAR28m (US$330,426), as announced in Saudi Cement’s 2Q21 company report. Accord...
Iran cement production capacity tops 88Mta in FY20-21
Iran’s nominal cement production capacity totalled 88Mta in FY20-21, according to a report issued by the Ministry of Industries, Mining and Trade (MIMT). Meanwhile, tota...
Sinai Cement records 1H21 net loss of EGP253m
Sinai Cement Co reported a standalone net loss of EGP252.666m (US$16m) in the 1H21, according to the company’s financial statements. This marked a YoY rise of three per cent w...
Qassim Cement announces 10,000tpd new line
Qassim Cement Co has announced a new 10,000tpd production line at its plant in Buraydah, Saudi Arabia, that will replace some of the current production lines. The project...
Saudi Cement sees 14% rise in profit
Saudi Cement Co has posted a 14.1 per cent YoY rise in net profit to SAR86.4m (US$23.04m) in the quarter ending 30 June 2021, compared to SAR75.7m in the year-ago period. Rev...
Northern Region Cement sees 27% rise in net profit
Saudi Arabia’s Northern Region Cement has seen its net profit rise 26.9 per cent YoY to SAR52.9m (US$14.11m) in the January-July period of 2021, compared with SAR41.65m in the ...