Cement News tagged under: Middle East
Betolar to speak on sustainable alternatives to cement at COP2801 December 2023, Published under Cement NewsAt COP28 UAE, Finnish sustainable materials technology company Betolar is tackling one of the largest sustainability issues of our time: how to reduce climate impacts of the construction industry and decarbonise the sector by replacing concrete with sustainable alternatives to one of the world's largest sources of carbon emissions, cement. Betolar is disrupting the concrete sector with scalable, circular alternatives to cement, used in applications such as the world’s lowest-emission hollo... |
Emirates Steel Arkan and A³&Co® collaborate for cement decarbonisation30 November 2023, Published under Cement NewsContributing to the UAE’s Net Zero by 2050 strategic initiative, Emirates Steel Arkan (ESA), one of the largest publicly-traded steel and building materials manufacturers in the region, announced its strategic collaboration with renowned climate consulting firm A³&Co ® to drive an innovative decarbonisation initiative across its Al Ain Cement Factory in the UAE. The partnership, announced ahead of COP28, positions ESA’s cement operations at the forefront of sustainability, aligning seamless... |
Qatar cement market to expand 5.2% in 2022-3227 November 2023, Published under Cement NewsThe cement market in Qatar is expected to see a CAGR of 5.2 per cent on the basis of value in 2022-32, reaching a valuation of US$1550.9m by the end of the period. According to Future Market Insights, the advance in demand is being attributed to the country’s rising population and urbanisation, which has prompted increased demand for residential buildings, in particular, along with commercial buildings. The residential and commercial buildings segment in Qatar is forecast to see a CAGR of 5.... |
Oman Cement’s profits swell22 November 2023, Published under Cement NewsIn the first nine months of 2023, Oman Cement Co (SAOG) ( Hauxin Cement Group ) earned profit after tax of OMR7.355m (US$19.1m), compared to OMR4.638m in the corresponding period of the previous year, marking growth of 59 per cent YoY. According to the company, it has continued its efforts to overcome the adverse impact of the rise in prices of some major cost elements, and extensive efforts have been made in this direction in the current period, with better cost management and sustained e... |
Iran's cement consumption up 16% in October17 November 2023, Published under Cement NewsCement demand in Iran has increased by 16.3 per cent YoY to 6.07Mt in October 2023, reports the Iranian Cement Association. Clinker production slipped 2.3 per cent YoY to 6.93Mt, but cement output saw a 12.3 per cent advance in October 2023 when compared with October 2022. The country exported 0.47Mt of cement, up 20.5 per cent YoY, but clinker exports declined by 15.2 per cent YoY to 0.67Mt in October 2023. |
Al Jouf Cement Co's profit balloons 836.43% YoY in 9M2313 November 2023, Published under Cement NewsAl Jouf Cement Co announced the initial consolidated financial results for the period ending 30 September 2023 on the Saudi Stock Exchange. The company saw its net income surge to SAR72.6m (US$19.36m) for the first nine months of 2023 (January-September), compared to SAR7.8m for the same period in 2022. This interprets into the expansion of profit 836.43 per cent YoY. The sales/revenue jumped to SAR217m from SAR172m during this period and grew 26.3 per cent over the past period. The incr... |
CEMEX supplies Vertua to Dubai tower09 November 2023, Published under Cement NewsCEMEX is supplying its Vertua lower-carbon concrete for the Cavalli Tower, a 70-storey luxury residential building set to become a landmark in Dubai Marina. The tower will feature interior design by the Italian fashion designer Roberto Cavalli and architectural design by the award-winning architect Shaun Khila. CEMEX provided Vertua lower-carbon concrete with a carbon footprint approximately 35 per cent lower than traditional concretes for this building. “Thanks to our experience in p... |
Northern Region Cement awards EPC contract for new line07 November 2023, Published under Cement NewsKHD Humboldt Wedag and AVIC have been awarded a major EPC contract for engineering, equipment supply, construction, commissioning and site services for a new 3500tpd production line for Northern Region Cement Co , Saudi Arabia. The plant will be located in Iraq and marks a total investment of around US$139m. KHD Humboldt Wedag will design and deliver the plant with the latest sustainability-driven technologies, while AVIC, KHD’s parent company, will complete the EPC project in a record ... |
Saudi Cement sees drop in 3Q profit06 November 2023, Published under Cement NewsSaudi Cement Co reported a 15.4 per cent drop in quarterly net profit after tax and zakat to SAR68.3m (US$18.2M) in the 3Q23 when compared with the year-ago period when net profit reached SAR80.7m. Sales in the 3Q23 fell four per cent YoY to SAR315m to SAR328.1m, due to a drop in volumes and price of local sales. Selling and distribution expenses as well as general and administrative expenses increased. Financial charges were also higher. |
Umm Al Qura Cement and City Cement see fall in profit03 November 2023, Published under Cement NewsSaudi-Arabia-based Umm Al Qura Cement Co reported net profits of SAR1.44m (US$0.38m), representing a 76.4 per cent drop YoY from SAR6.12m in the third quarter of 2023. Revenues decreased by 38.2 per cent YoY to SAR33.51m from SAR54.2m in the 3Q23. In the first nine months of 2023 the company posted net profits of SAR10.05m, down 65.7 per cent YoY from SAR29.3m. Revenues fell by 33.9 per cent to SAR118.5m in the 9M23 from SAR179.29m in the 9M22. Meanwhile, City Cement Co saw its net pr... |