Stronger markets in 2015?
What does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recover...
Saudi Arabia
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Arabian Cement Co names chairman
Arabian Cement Co’s board of directors on Thursday approved the appointment of Abdullah Mohammed al-Eissa as board chairman, with a three year term effective 1 January 2015. In ...
Arabian Cement Co recommends SAR3.25 cash dividend
The management board of Arabian Cement Co (ACC) has recommended to shareholders a cash dividend of SAR3.25 (US$0.866) per share for the first half of 2014. The dividend translat...
First quarter launch for Al Jouf Line 2
Al Jouf Cement is to launch commercial production from its second kiln line in the first quarter of 2015, the Saudi-based cement producer said in a bourse statement. The new 500...
Saudi monthly sales up 39% YoY
Saudi Arabia's cement sales rose 39 per cent YoY to 5.09Mt in November 2014 from 3.65Mt in November 2013, according to statistics published by Saudi cement producer Yamama Cemen...
Saudi: City Cement starts trail operations of Line 2
City Cement Company has started trial operations of a second production line, the Saudi-based producer said in a bourse filing. The company said the new production line will hav...
Saudi: Eastern Province in talks for new production line
Saudi-based Eastern Province Cement Co said in a bourse statement that the board, in a meeting held on 9 December, discussed the project of establishing a new production line, w...
Saudi: City Cement Co invest in alternative energy project
City Cement Co intends to invest SAR25m (US$6.7m) in an alternative energy project, the Saudi-based producer said in a bourse statement yesterday. The project, anticipated to be...
Al Jouf sees double-digit rise in 3Q net profit, Saudi Arabia
Saudi-based Al Jouf Cement Co posted a 17 per cent YoY increase in its third-quarter net profit to SAR8.6m (US$2.29m), boosted by higher sale volumes.
Saudi Arabia: Tabuk third-quarter profit down 24%
Tabuk Cement Co recorded SAR21.6m (US$5.76m) net profit in the third quarter of 2014, a decline of 23.94 per cent YoY from SAR28.4m. On a quarterly basis, net earnings were down...