Cemex makes key EMEAA investments at the start of 2021
Cemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligne...
Middle East
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Lebanon to allow cement imports by individuals
Lebanon’s outgoing Minister of Industry, Imad Hoballah, indicated that the country would allow individuals to import cement to lower the price of cement. Cement prices have ris...
Saudi Cement Co sees 9% rise in revenue
Saudi Cement Co has seen its net profit edge up one per cent YoY to SAR456m (US$121.6m) in the full-year 2020 period. The rise in annual net earnings was attributed to improved...
Wärtsilä wins O&M agreement with Umm Al Qura Cement
Wärtsilä has signed a five-year operation and maintenance (O&M) agreement with the Saudi Arabian cement producer Umm Al Qura Cement Co. It is the third agreement term for the ...
Sharjah Cement receives approval to delist
UAE-based Sharjah Cement has received the approval of the Capital Market Authority (CMA) to voluntarily delist from Boursa Kuwait. On 30 April 2020, the ordinary general meet...
Northern Cement reports 37% rise in net income
Jordan’s Northern Cement has reported a 24 per cent decline in revenue to JOD37.19m (US$52.46m) in 2020, compared with JOD48.94m in the previous year. Gross profit advanced 29...
Yamama Cement reports revenues of SAR211m in FY20
Saudi Arabia’s Yamama Cement (YSCC) registered revenue of SAR211m (US$56m) in FY20,a YoY drop of 10.8 per cent. Cement sales volumes for 4Q20 reached at 1.19Mt. Gross profit an...
Ras Al Khaimah Cement reports 9% decline in profit
UAE-based Ras Al Khaimah Cement Co has reported a nine per cent decline in net profit to AED50.71m (US$13.8m) last year, compared to AED55.71m in 2019. The company's revenue ...
Gulf Cement Co sees net loss widen in 2020
UAE-based Gulf Cement Co has posted a net loss of AED273.5m (US$74.47m) in 2020, compared to a net loss of AED26.8m in the previous year. The company’s revenue also declined 2...
Yanbu Cement prepares to shutdown Line No 4 for 60 days
Yanbu Cement announced that its production line No 4 will be shut down for 60 days from the 15 February 2021, in line with the implementation of its strategic plan of modernis...