Saudi Arabia: Yamama sees 41% net profit decrease
Yamama Cement Co reported a 41 per cent YoY fall in net profits to SAR56.3m (US$15m) in the 3Q16 from SAR95.53m (US$25.47m). The decrease resulted from a higher cost of sold ...
Saudi Arabia
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Saudi Arabia: Southern Province 3Q16 profit drops 14%
Southern Province Cement posted a 14.4 per cent YoY decrease in profits from SAR202m (US$53.9m) in 3Q15 to SAR173m in 3Q16. Lower demand and higher depreciation were cited as...
Saudi Arabia: low demand sees Najran Cement 3Q16 profits halved
Lower sales volumes due to a slowdown in construction activity have seen the net profit of Saudi Arabian-based Najran Cement halve YoY from SAR32.07m (US$8.55m) in 3Q15 to SAR1...
Saudi Arabia: Aumund and Sweidan open new spare parts unit
A UMUND Fördertechnik GmbH, Germany, and S WEIDAN Industrial Services, Riyadh, Saudi Arabia, have opened a new spare parts stock unit at the Riyadh warehouse to be at full d...
Saudi Arabia: Qassim Cement reports lower-than-expected 3Q16 profits
Saudi Arabia’s Qassim Cement reported a profit of SAR70.4m (US$18.8m) in 3Q16 and an operating profit of S AR78.3m. The results were lower than expected, according to Al Rahji ...
Saudi Arabia: sales drop 10%
According to a report quoting Yamama Cement data, total cement sales in Saudi Arabia stood at 4.34Mt for the month of August, registering a 10.3 per cent decrease YoY. However,...
Saudi Arabia: Tabuk Cement delays opening of second clinker line
Tabuk Cement's second clinker production line will not now begin commercial operations until the second quarter of 2017, the company said in a statement to the Saudi stock mark...
Saudi Arabia cement companies see sales and production fall 10%
Sales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports. Output for August was 4.3Mt,...
Saudi Arabia: EPCC hydraulic breaker
Atlas Copco Middle East has commissioned the regions first HB10000 hydraulic breaker at EPCC in Dammam, Saudi Arabia. The HB10000 weights 10t and is mounted on a Komatsu PC1...
EPCC switches to a new era
ABB recently installed an upgrade at Eastern Province Cement Company (EPCC), Saudi Arabia, adding the latest electrical infrastructure technology integrated with ABB’s 800xA au...