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Cimerwa to resume full production in May

Cimerwa to resume full production in May

Rwanda’s Cimerwa has resumed production after a two-month break for maintenance and upgrade works. This is expected to ease a cement deficit in both Rwanda and Uganda, while als...

RAK White Cement to pay dividends worth AED25m

RAK White Cement to pay dividends worth AED25m

UAE-based RAK White Cement has approved the Board’s recommendation to distribute five per cent of capital as cash dividends for the FY17. The company will pay five fils per shar...

NCC announces 39% drop in profit for 2017

NCC announces 39% drop in profit for 2017

Dubai-based National Cement Company (NCC) has announced a 38.7 per cent YoY decrease in profit during the full-year 2017 period, to AED53.58m (US$14.59m) from AED89.02m.

Sharjah Cement FY17 net profit up 2%

Sharjah Cement FY17 net profit up 2%

Sharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per ce...

Shree breaks into its first international market

Shree breaks into its first international market

This week, Shree Cement made a bold move to buy a 93 per cent stake in Union Cement Co PSC (UCC) for an enterprise value of US$305.24m. It is a major transaction for the Indian ...

Fujairah Cement reports 3% fall in revenue

Fujairah Cement reports 3% fall in revenue

Fujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher. The company posted a revenue of AED136.68m (US$37.21m) down from AED1...