Sharjah Cement records decreasing sales
UAE-based Sharjah Cement has announced an 82.3 per cent fall in net profit for the 3Q18, dropping to AED2.2m (US$599,046) from AED12.4m a year ago. The company has attributed th...
Uae
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Arkan's 9M18 results are stable at AED676.9m
Arkan Building Materials Company (ABMC) reported that it achieved a net revenue of AED676.9m (US$184.3m) in 9M18 compared to AED677.6m during the 9M17. The growth in pipes, bloc...
UAE to construct MSW plant for alternative fuel production
The UAE will soon start construction and operation of a municipal solid waste treatment (MSW) plant and alternative fuel production plant in the northern emirate of Umm Al Qaiwa...
HeidelbergCement
HeidelbergCement subsidiary Suez Cement Co, which came with the purchase of Italcementi, has agreed in principle to sell the El Minya white cement works to Emaar Industries Comp...
JSW Cement's growth plans
This week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company ha...
Gulf Cement Q2 profit falls 38%
UAE cement producer Gulf Cement reported a 38.2 per cent fall in net profit attributable to shareholders to AED8.4m (US$2.29m) in the 2Q18 when compared with AED13.6m in the yea...
JSW Cement to construct 1Mta facility in UAE
India’s JSW Cement has announced plans to invest US$150m to construct a 1Mta clinker unit and captive power plant in Fujairah, UAE. The project is part of the company’s target t...
Shree Cement acquires 98% stake in UCC
Shree Cement has completed the acquisition of a 97.6 per cent stake in the UAE’s Union Cement Co (UCC). The deal was struck through the company’s wholly-owned subsidiary, Shree ...
Shree Cement budgets for United Cement acquisition
Shree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United C...
Gulf Cement sees 1Q loss
Gulf Cement has incurred losses if AED2.9m (US$789,653) in the 1Q18, according to a bourse statement. In the equivalent period of 2017, the company reported a AED8.1m profit. Th...