Saudi Arabia: cement firms come under pressure
Saudi Arabia’s cement activities continue to come under pressure as falling sales volume and profitability remain subdued. Companies’ operational performance was impacted due t...
Saudi Arabia
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Saudi Arabia: Eastern Province Cement Q2 profits fall 46%
Eastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is at...
Saudi Arabia: Umm AlQura signs deal with Aramco
Umm AlQura Cement has signed an agreement with Aramco to purchase fuel for its new Portland cement production line close to Taif city. According to a statement to the Saudi St...
Saudi Arabia: Northern Cement profits fall 24%
Northern Region Cement Company reported a net profit of SAR48.66m (US$13m) in 2Q16, down 24 per cent from SAR64m (US$17m) compared to the same period last year. However, pro...
Saudi Arabia: sales volumes fall 27%
Total cement sales in Saudi Arabia declined 27 per cent YoY and 39.6 per cent MoM in June, to 4.1Mt. Cement production in June was 3.66Mt, down 25 per cent YoY and 34.6 per cen...
Saudi Arabia: Najran Cement reports lower 2Q16 profits
Najran Cement in Saudi Arabia has announced lower earnings during the second quarter of 2016, according to a bourse filing. Earnings fell 56.8 per cent YoY to SAR33.6m (US$8.96...
Saudi Arabia: export ban lifted
The Saudi Arabian government has decided to lift the export ban on cement, which was imposed in 2008 to push down prices and accommodate the demand generated by government-fund...
Saudi Arabia: ABB upgrades EPCC production lines
Power and automation technology group, ABB have recently commissioned an electrical infrastructure upgrade for two 30-year old cement production lines at EPCC’s plant in Al Khu...
Saudi Arabia: new power plant for ACC
Arabian Cement Company (ACC), Saudi Arabia, has awarded MAN Diesel & Turbo a contract to build a 40MW power plant. The plant will be equipped with two 18V48/60 TS engines an...
Saudi Arabia: Hail Cement resumes production
Hail Cement Company has resumed production after a stoppage for scheduled maintenance. According to the company's statement on the Saudi Stock Exchange Tadawul,” the financi...