RAK White Cement announces 29% net profit rise
UAE-based RAK White Cement saw its net profit increase 28.6 per cent to AED17.89m (US$4.8m) during the 9M19, compared to AED13.91m in the year-ago period. Sales advanced 5.9 per...
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Sharjah Cement elects new chairman
UAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made durin...
RAK Cement cancels cement plant acquisition plans
UAE-based Ras Al Khaimah Cement has reportedly cancelled a deal to acquire a cement plant and quarry as financing could not be arranged, according to Reuters. While the name of ...
Arkan sees 55% net profit increase in 1H19
UAE-based Arkan Building Materials has announced a 55 per cent YoY increase in net profit to AED33.8m (US$9.2m) for the 1H19. The positive result has been attributed to cost man...
Sharjah Cement sees 85% drop in profit for 1H19
UAE-based Sharjah Cement has seen an 84.7 per cent YoY fall in profit to AED2.54m (US$691,626) for the 1H19, compared with AED16.55m in the year-ago period. The company also rep...
Gulf Cement Co posts net loss in 2Q19
UAE-based Gulf Cement Co has posted an AED598,270 (US$162,905) net loss in the 2Q19, compared to an AED8.4m profit in the year-ago period. Sales costs increased to AED107m from ...
UAE cement prepares for Expo 2020
This week CemNet reported on the cooperation agreement between two cement producers in the UAE – Al Ain Cement Factory (Arkan Group) and National Cement Factory. This is the lat...
UAE cement producers sign cooperation agreement
Al Ain Cement Factory (Arkan Cement Group) and National Cement Factory, owned by Lttihad International Investments, will collaborate on as 'partners of choice' under a new agree...
UAE cement company finds use for camel dung
Gulf Cement is preventing thousands of tonnes of camel waste from going to landfill. The cement company is cutting its emissions while using camel dung to supplement its fuel us...
UltraTech Cement
Following its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as pa...