ThyssenKrupp Industrial Solutions to expand in MENA
Thyssenkrupp sees future growth in the MENA, and particularly in Saudi Arabia and Egypt, for its industrial solutions business area. Boris van Thiel, thyssenkrupp's CEO of t...
Saudi Arabia
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Saudi: Eastern Province Cement Co begins trial operations of new mill
Eastern Province Cement Co has commenced trial operations of its new 150tph cement mill, with commercial operations set to begin in the second quarter of this year, according t...
Saudi producers prepare for discussions over export ban
Saudi cement producers will meet government officials soon to discuss lifting the ban on their exports by around 20 per cent, a Saudi daily reported. In turn cement producers ...
Southern Province Cement Line 2 due for end-June completion
Work on Southern Province Cement's second production line at its Bishah plant in Saudi Arabia has been delayed, according to a company statement to the Saudi bourse. The com...
Saudi Cement Co to temporarily halt Kiln Line 6
Saudi Cement Co has decided to temporarily stop kiln 6, which has a capacity of 3500tpd, until domestic market conditions improve, including the lifting of the export ban. T...
Saudi: Umm Al-Qura Cement Co net loss narrows
Umm Al-Qura Cement Co saw its full-year net loss narrow in 2015 to SAR24.07m compared to a net loss of SAR28m a year earlier. Operating losses were also down to SAR21.96m, co...
Southern Province Cement 4Q15 results beats estimates
Saudi-based Southern Province Cement Co (SPCC) posted a strong set of results for 4Q15, with net profits at SAR298m (US$79.5m), coming in ahead of Al Rajhi Capital and consensu...
Saudi Cement Co reports drop in 4Q profit
Saudi Cement Co reported a 32.8 per cent drop in fourth-quarter net profit on account of lower sales and an impairment charge for two kilns. In the three months to the 31 Dece...
Yanbu Cement Co 4Q15 net profit up 8.3% YoY
Saudi producer Yanbu Cement Co posted 8.3 per cent YoY growth in net profit to SAR209m (US$55.6m) for the fourth quarter of 2015, up from SAR193m in the prior-year period. The ...
Saudi Arabia: Qassim Cement Co 4Q net rises 4.6%
Qassim Cement Co recorded net earnings of SAR141m (US$37.5m) during the fourth quarter of 2015, a rise of 4.6 per cent from SAR134m in the year-ago period. Full-year net earni...