Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia
Yanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg)
Saudi Arabia
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Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia
Saudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the c...
Southern Province faces further delays to mill project
Southern Province Cement Co said that further to its announcement on April 29 2009, regarding the delay of the operation of the third mill in Jazan plant, there will be a delay ...
Yamama Cement 1H net profit rises 22%, Saudi Arabia
Saudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago. The ...
Qassim Cement to add new line, Saudi Arabia
The management board of Saudi cement producer Qassim Cement Co (QCC) approved at a meeting on Monday the installation of a new production line with a daily production capacity o...
GCC profits rise 27.1 per cent in 1H12
Profits of the Gulf Cooperation Council (GCC) cement sector increased 27.1 per cent YoY in the first half of 2012 to US$971.5m from US$764m in the same period of 2011, the lates...
Improved outlook for Omani cement companies
Oman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a repo...
Najran Cement CEO resigns
Saudi cement producer Najran Cement said in a bourse filing yesterday that Ahmad Zuqeil had resigned from the position of CEO, effective August 31, according to reports by SeeNe...
Middle East market developments
Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as con...
Saudi Cement increases output
Saudi Cement Company announced that it has restarted Kiln No 6 on Monday which has a capacity of 35000tpd and an actual capacity that could reach a maximum of 4000tpd of clinker...