Yanbu 2Q earnings rise to SAR246m
Saudi producer Yanbu Cement Co (YCC) posted SAR246m (US$66m) in net earnings for the second quarter of 2015, rising 2.07 per cent compared with SAR241m in the same period a yea...
Saudi Arabia
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Saudi clinker production declines
Clinker output in Saudi declined by 12 per cent YoY in May 2015 in producers deliberately attempt to shore up cement prices, claims a report by NCB Capital. Stockpiles had bui...
China National Building Materials (CNBM)
Production is due to get underway in December this year at Southern Province Cement’s second Bishah line, as supplied by China National Building Materials (CNBM). The line has ...
SPCC to launch second production line, Saudi Arabia
Southern Province Cement Co (SPCC) is likely to launch the second production line at Bishah cement plant in December, said CEO Safar Dhaffir. The 5000tpd line is established ...
Saudi's Najran Cement sells SAR400m through an Islamic bond
Saudi Arabia’s Najran Cement has raised SAR400m (US$106.7m) through an Islamic bond of five years duration, it said in a statement on Sunday. The sukuk was privately placed wi...
Najran to meet investors for riyal sukuk issue
Saudi Arabia-based Najran Cement plans to meet fixed income investors starting on Sunday for a riyal-denominated sukuk issue, the company said yesterday. Najran has appointed ...
China National Building Material Co Ltd (CNBM)
Arabian Cement Company has appointed CNBM to supply and install two new mills at its cement plant in Rabigh. The contract, which includes all engineering, construction and elec...
Saudi Cement net profit up 6%
Saudi Cement has reported a 5.9 per cent increase in first-quarter net profit on Tuesday as higher exports boosted its earnings. Saudi Arabia's largest cement company by marke...
CNBM signs turnkey contract with Arabian Cement Co for 10,000tpd plant
CNBM International Engineering Co Ltd has signed a turnkey contract with Arabian Cement Co for a 10,000tpd clinker line in Jeddah, Saudi Arabia. It is the largest order signed ...
Saudi cement sales see annual gains
Saudi cement sales for the month of February 2015 were 6.5 per cent higher than in February 2013 and 9.7 per cent higher than February 2014 when the market was impacted by a la...