Fujairah Cement sees narrowing 2Q loss
UAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in the e...
United Arab Emirates
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Middle East: diversification is key Premium
Following years of conflict, the potential for cement demand in the Middle East is huge. Add to this the drive by governments to develop and expand various industries to reduce ...
Ras Al Khaimah slips into the red in 1Q
In its unaudited first-quarter results, Ras Al Khaimah Cement Co reported a 26 per cent drop in sales to AED36.838m (US$10.031m) in the first quarter of 2020 ended 31 March when...
Shree Cement operates largest kiln in the world
Shree Cement has increased kiln capacity to 14,500tpd following improvements at its Ras Al Khaimah plant in the UAE, making it the world’s largest operational kiln. The kiln sur...
GCC: a return of fortunes? Premium
The performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand...
Gulf Cement narrows loss
UAE-based Gulf Cement reported a fall in revenues to AED443.6m (US$120.8m) in 2019, down from AED475.7m in 2018. This represents a YoY drop of 6.7 per cent. The company’s loss n...
Rock solid contribution
With limestone, dolomite and gabbro deposits totalling a combined production of over 80Mta and reserves of over 4.5bnt, Stevin Rock is a key global producer of crushed rock. Its...
Gulf Cement Co sees fall in profit in 2018
UAE-based Gulf Cement Co reported revenues of AED475.707m (US$129.5m) in 2018, according to the company’s preliminary results. This represents an 18.4 per cent drop from AED583....
RAK Cements profit falls to AED13m
Ras Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767.92...
Fujairah sees stable revenues but profit slip in 2018
Fujairah Cement Industries reported largely stable revenues in 2018 at AED614.559m (US$167.3m) when compared with AED620.825m in 2017. Net operating profits were down 18 per cen...