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 consensus...
Saudi Arabia
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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 Decemb...
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 c...
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 earning...
Estanda completes ball mill renovation in Saudi
Estanda has successfully completed the commissioning of a two-compartment cement ball mill for a cement producer in Saudi Arabia. The project was carried out on Cement Mill 2 (w...
Saudi Cement shuts down two kilns
Saudi Cement Co has closed down two kilns indefinitely as a result of high inventory, absence of growth in Saudi demand and the continuing ban on exports, it said in a bourse st...
Saudi: Al Jouf Cement signs financing agreement with Alinma Bank
Al Jouf Cement has signed a Murabaha financing agreement with Alinma Bank at a total value of SAR350m. The financing period extends from 15 December 2015 until 14 December 2022,...
Hail Cement Co to halt kiln line for annual maintenance, Saudi Arabia
Hail Cement Co said it will shut down its production line for the annual maintenance of the kiln and raw mill for the period 8-19 December. The relevant impact will appear in th...
China National Building Materials (CNBM)
China National Building Materials (CNBM) has received an order from Arabian Cement Company (ACC) for a new grinding plant complete with two Loesche 63.3+3 vertical roller grindi...
Saudi: Southern Province Cement commercial operations from new line
Southern Province Cement launched on Monday the commercial operations at the third line of its Tihama plant, with a clinker production capacity of 5000tpd, the company said in a...