Saudi sees monthly sales decline
Saudi cement sales declined by three per cent to 4.59Mt in February 2014, compared to 4.74Mt in the same month of last year, local media have reported. Out of the 14 cement co...
Saudi Arabia
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Eastern Province full-year profit declines, Saudi Arabia
Eastern Province Cement Company (EPC) booked a SAR309m (US$82.4m) net profit for 2013, down from SAR387m a year ago, a decrease of 20.2 per cent YoY. The company attributed t...
ACC to construct new kiln line, Saudi Arabia
The managing board of Arabian Cement Co has agreed to boost production at the company’s Rabigh plant in Saudi Arabia by constructing a new kiln line. The new kiln will add ...
Saudi sales slowdown continues through Jan
The slowdown in Saudi Arabian cement sales continued in January 2014, falling short of analysts expectations. Cement deliveries amounted to 4.62Mt in the first month of the ...
Saudi approves licence for new Riyadh plant
Saudi Arabia's minister of commerce and industry, Dr Tawfiq bin Fawzan Al-Rabiah, approved the licence for the establishment of Baha Cement Co, in Riyadh, with a share capital ...
Saudi Cement recommends SAR3.5/share for 2H13
Saudi Cement Co said that its board had recommended a cash dividend of SAR3.5/share (US$0.93) for the second half of 2013. This is the same as the dividend paid in the correspo...
Cemtech Middle East & Africa underway
Cemtech Middle East & Africa 2014, the leading international cement conference and exhibition series, has opened in Dubai in front of an audience of over 270 senior industry de...
Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia
Al Jouf Cement posted weak fourth-quarterly financial results, with earnings declining by 74.59 per cent YoY and 16 per cent QoQ to SAR6.1m (US$1.6m). The results missed Al-Ra...
Phase 2 of Najran WHR trial operations to continue to end-April
Najran Cement has said trial operations of a second phase of its waste heat recovery plant are expected to continue to the end of April, the Saudi-based producer said in a bour...
ACC reports full-year loss, Saudi Arabia
Saudi producer Arabian Cement Company (ACC) reported SAR190m (US$50.7m) in net earnings in FY13, a 50.96 per cent decline compared with SAR387.4 min FY12. In the fourth quarte...