Najran secures finance for waste heat project
Najran Cement has signed a SAR150m Sharia-compliant loan facility with Banque Saudi Fransi, aimed at financing the company’s waste heat recovery project. The loan has a maturi...
Saudi Arabia
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Saudi: Arabian Cement quarterly net profit up 6.2% YoY
Saudi-based Arabian Cement Company (ACC) posted a SAR167.1m (US$44.6m) net profit for the first quarter of 2014, up 6.2 per cent from SAR157.3m a year ago. Earnings per share (...
Saudi Cement: first-quarter net profit declines
Saudi Cement Co posted a 16 per cent decline in net profit for the first three months of this year due to lower domestic demand and losses from an associate company. The Saud...
Qassim Cement 1Q14 net profit declines
Qassim Cement Company reported net profits amounting to SAR159m (US$42.4m) in the first quarter of 2014, down 5.59 per cent for the same period of the last year. In a statemen...
Umm Al Qura set to raise US$73m via float
Umm Al Qura Cement is to raise over SAR275m (US$73m) in cash by selling 27.5m shares at SAR10 each via a flotation on Saudi Arabia's stockmarket, Tadawul. The shares are expe...
Saudi Arabia's cement industry looks forward to good times
Saudi Arabia's cement companies are preparing for long-term cement demand growth as they expand their capacity. However, for some such as Yanbu Cement, the past quarter has see...
Recent orders for Cemengal in Saudi Arabia and Mauritania
Cemengal has received a second order from a Saudi Arabian client for the supply of its Plug&Grind® (P&G) process technology. It has also received two orders for the system in M...
ABB upgrades Eastern Province Cement Co's process control system, Saudi Arabia
ABB has recently completed an extensive upgrade of the Extended Automation System 800xA to the latest standards at Eastern Province Cement Co’s (EPCC) three production lines at...
Eastern Province to launch new mill in 2Q15
Eastern Province Cement (EPC) is to launch commercial production at a new cement mill in April 2015. The construction of the grinding unit, with a capacity of 150tph, will be c...
Saudi Cement to retire three kiln lines
Saudi Cement Co (SCC) is to permanently cease of operations of three kiln lines Hofuf plant due to their age, higher operating costs and lower environmental efficiency. The co...