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 ...
Saudi Arabia
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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 late...
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 rep...
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 SeeN...
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 co...
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 clinke...
Southern Province cement signs deal with Wärtsila, Saudi Arabia
Saudi Arabia’s Southern Province Cement Company has signed a US$26m contract with a Finnish power firm that will allow it to expand its power plant in Jazan, located in the sou...
Hail Cement widens loss, Saudi Arabia
Saudi Arabia-based cement company Hail Cement has increased its losses in the second quarter of 2012 to US$2.29m, up by 36 per cent from the US$1.68m it lost in the first quart...
Southern Province Cement second-quarter profit rises, Saudi Arabia
Southern Province Cement (SPC) posted a 9.6 per cent increase in second quarter profit, Reuters reports. SPC achieved a net profit of US$69.86m during the quarter, up from U...
Saudi Cement net profit rises 26 per cent, Saudi Arabia
Saudi Cement posted a net profit of SAR290.2m (US$77.4m) for the second quarter, representing a rise of 36 per cent from a year earlier. The company attributed the rise to g...