Hail Cement sees 200% increase in profit
Saudi Arabia’s Hail Cement Co has reported a 200.4 per cent rise in profits to SAR22.8m (US$6.08m) for the third quarter of 2020, compared with SAR7.59m in the year-ago period. ...
Middle East
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Lucky Cement's Iraqi clinker plant set for December start-up
Lucky Cement Ltd of Pakistan has set a target date of 20 December 2020 for the start-up of its 1.2Mta greenfield clinker unit, in Samawah, Iraq. Lucky Cement 's Chairman, Muhamm...
Yamama Cement sees revenues of SAR58.12m in 3Q20
Yamama Cement (YSCC) posted a revenue of SAR218m (US$58.12m) in 3Q20, a YoY growth of 16.6 per cent. Cement volumes grew by 24.9 per cent in 3Q20 compared to 3Q19 at 1.13Mt. Gro...
Only certified cement bags are authorised for sale in Abu Dhabi
The Abu Dhabi Department of Economic Development (ADDED) on Tuesday issued a circular which prohibits building material shops from selling any cement that does not have federal ...
Yanbu Cement sees a 33% rise in net profit
Saudi Arabia’s Yanbu Cement has seen a 5.4 per cent YoY increase in revenue to SAR240m (US$64m) for the third quarter of 2020, against SAR227.97m in the 3Q19. The company also s...
Raysut Cement reports 5% fall in revenue
Oman’s Raysut Cement has announced its unaudited results for the 9M20, reporting a five per cent YoY fall in revenue to OMR65.24m (US$169.67m) from OMR62.13m in the year-ago per...
Qalaa Holdings achieves 105% YoY growth in 2Q20
Qalaa Holdings has reported its consolidated financial results for the quarter ended 30 June 2020, with revenues of EGP7.4bn (US$470m), up 105 per cent YoY. " Qalaa’s performanc...
Emirates RDF set to begin production
Emirates RDF, a partnership between leading water treatment expert Besi, Griffin Refineries and Tech Group Eco, has announced that it is set to start the production of alternati...
Egypt's cement sector sees a 60% fall in cement demand
The cement industry in Egypt is expected to come under heightened strain following a 60 per cent decline in cement demand for the first time in the sector's history, says Profes...
Iran exports 5.84Mt of cement in five months
Iran has exported more than 5.84Mt of cement worth US$127.99m during the first five months of the current Iranian calendar year (20 March-21 August 2020), according to data from...