Cement News tagged under: Middle East
RAK White Cement posts AED20.5m profit in 202306 February 2024, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has reported a net profit of AED20.54m in 2023, down 2.6 per cent from AED21.08m in 2022. Sales increased 3.3 per cent to AED255.89m in 2023 from AED247.66m in 2022. Basic earnings per share remained unchanged at AED0.04/share at 31 December 2023. |
Yamama Cement starts kiln inlet installation23 January 2024, Published under Cement NewsThe first steel column of the kiln inlet at Yamama Cement ’s 12,500tpd project in Saudi Arabia was successfully installed on 18 January 2024, 13 days ahead of schedule. Sonoma Overseas Development Co Ltd is the engineering procurement and construction supplier for the project. The column, following the traction of the crawler crane, slowly descended and seamlessly placed itself to the preset position. With the “first shot” fired, the project officially kicked off its steel constructio... |
Iranian cement market expands 11% in 202322 January 2024, Published under Cement NewsIranian cement consumption increased by seven per cent YoY to 5.51Mt in December 2023, according to the Iranian cement association. This follows a 54.8 per cent increase in November 2023 when demand reached 6.61Mt from a low 4.27Mt in November 2022. Clinker production slipped by 0.6 per cent YoY to 6.25Mt, but cement output increased by 10.6 per cent YoY to 6.18Mt in December 2023. Clinker production had edged up 4.8 per cent YoY to 6.96Mt in November 2023 while cement production was up 11... |
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
Southern Province appoints new chairman and deputy18 January 2024, Published under Cement NewsSaudi Arabia-based Southern Province Cement Co has appointed Saad Bin Abdulaziz Alkroud as chairman of the Board of Directors. Mansour bin Abdulaziz Al Saghir was named as vice chairman and Saudi Al Burgan as secretary of the Board of Directors. |
Redecam wins ESP to baghouse conversion project17 January 2024, Published under Cement NewsArabian Cement Co is converting its electrostatic precipitators to state-of-the-art bag filters for dust emissions control. The Egyptian cement producer has joined forces with Redecam Group SpA to achieve dust emission levels below 5mg/Nm 3. ACC is collaborating with the Egyptian Environmental Pollution Abatement Program (EPAP), furthering its commitment to sustainability. This initiative goes beyond mere compliance with dust emissions standards to actively reduce emissions. |
IFC invests US$130m in Iraq's Al Douh Cement15 January 2024, Published under Cement NewsIFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of approximately 3Mt of cement by the end of 2025. Of the total financing provided, up to US$25m will be... |
IPIAC to build LC3 plant in Oman12 January 2024, Published under Cement NewsKaolin Group International, together with its local partners in Oman, Middle East Calcined Clay (Me-CC), has awarded IPIAC the contract to manufacture and supply the first LC2/LC3 cementplant in Oman. IPIAC is introducing this innovative technology in Oman, which will be the first country in the Middle East region to use calcined clays to reduce its clinker factor (to mitigate CO 2 emissions up to 40 per cent) in its cement and concrete production. This project will also be the first one ... |
Al Jouf Cement secures six-month export deal11 January 2024, Published under Cement NewsJordan-based Rabou’ Al Taybeh Co has agreed to receive clinker exports from Al Jouf Cement Co of Saudi Arabia for a period of six months. The contract’s value stands at SAR30m (US$8m), representing more than 10 per cent of the company’s total revenues, states Mubasher. The Tadawul-listed company highlighted that the agreement will reflect positively on its income statements, starting from the 1Q24 until 2Q24. The clinker export agreement is subject to renewal. Al Jouf operates a 3.5M... |
Sinoma wins Eastern Province Cement contract09 January 2024, Published under Cement NewsSaudi Arabia-based Eastern Province Cement Co has awarded the contract for a new cement production line to China’s Sinoma CDI. The new line, which is costing US$270m, will have a production capacity of 10,000tpd and will be located at Eastern Province’s existing site in Khursaniyah. According to Mist News, the contract covers design, supply, delivery, construction, and installation of the cement production line on the basis of a complete turnkey contract for engineering, supply, con... |