Cement News tagged under: Arabian Cement Company
Arabian Cement awarded three EPDs22 March 2024, Published under Cement NewsArabian Cement Co has been awarded the Environmental Product Declaration (EPD) certificate for three of its key products – clinker OPC, CEM II/A-P 42.5N, and CEM I/42.5N. “This certification positions us as one of the industry pioneers in our commitment to the latest sustainability approaches. The EPD signifies our dedication to environmental responsibility throughout our product lifecycle by measuring our product footprint from cradle to gate,” said the company in a statement. “We are ... |
Arabian Cement Company sees profits surge in 202307 March 2024, Published under Cement NewsEgypt's Arabian Cement Company has reported net sales of EGP5.93bn (US$119.67m) in the year ended 31 December 2023, up from EGP4.55bn in the same period in the previous year. Gross profit advanced from EGP904.85m in 2022 to EGP1.33bn the following year. Net profit for the year after tax improved from EGP342.5m to EGP688m over the same timeframe, while earnings per share increased from EGP0.89 to EGP1.79. The company currently has a cement production capacity of 5Mta and a clinker ca... |
August cement sales up 10% YoY in Saudi Arabia13 September 2022, Published under Cement NewsCement sales in Saudi Arabia advanced by 10 per cent YoY in August 2022, according to a report by brokerage house Aljazira Capital. Sales last month reached 4.38Mt marking a 19.2 per cent improvement on the previous month.Cement exports grew by 34 per cent YoY in August to 788,000t, compared to 588,000t in August 2021. The highest sales increases were reported by Yamama Cement Co , which saw a YoY increase of 64 per cent, and Arabian Cement Co , which recorded a 29.5 per cent advance ov... |
Arabian Cement decides on court action over limestone dispute24 September 2021, Published under Cement NewsArabian Cement Co of Saudi Arabia has filed a lawsuit against Emaar the Economic City to claim the remaining quantities of limestone it should have received in accordance with an agreement signed between the parties on 28 April 2012. Under the settlement, Emaar EC was committed to provide, free of charge, 50Mt of limestone needed for the cement company's manufacture from the dredging output extracted from the construction of the King Abdullah Economic City port, after obtaining the nec... |
Arabian Cement Co sees net loss widen in 1H2113 August 2021, Published under Cement NewsEgypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. Sales revenue declined 26.9 per cent YoY to EGP964.86m from EGP1.32bn in the 1H20. |
Saudi Arabian producers report 15% decline in net profit07 May 2021, Published under Cement NewsSaudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho... |
FLSmidth to upgrade Arabian Cement's Rabigh plant in 4Q2130 April 2021, Published under Cement NewsFLSmidth is to deliver a large efficiency upgrade at Arabian Cement Co’s site in Rabigh, Saudi Arabia. The order includes new DDX top cyclones, a quenching chamber and an ABC™ Cooler Inlet. Installation and commissioning is expected to be during the 4Q21. "The Saudi Arabian cement market is highly competitive with increasing demand, we are therefore constantly looking at ways to improve the efficiency at our Rabigh site," explains Dr Badr Osama Johar, CEO at Arabian Cement Co. "With ... |
Arabian Cement faces mill project delay at Rabigh plant23 April 2021, Published under Cement NewsArabian Cement Co said its new cement mill project at the Rabigh plant has been delayed by 150 days and will now be completed in the 4Q21. The delay was due to contractor China National Building Materials Corp being unable to travel to Saudi Arabia to complete the installation and commissioning work because of coronavirus travel restrictions. |
Egypt sees cement sales surge 42% in June21 July 2020, Published under Cement NewsEgypt's cement industry has reported a sudden surge in total sales, recording 3.64Mt during June 2020, including minimal exports, up 42 per cent MoM and one per cent YoY. June's improvement follows on from one of the lowest monthly sales run rates on record during May, which were impacted by the coronavirus (COVID-19) pandemic and the partial lockdowns. The MoM turnaround was recorded across companies including Suez Cement, which reported a sales growth of 55 per cent MoM and 24 per cent... |
Solar power plant approved for Arabian Cement08 June 2020, Published under Cement NewsThe Egyptian Electricity Utilities Regulatory and Consumer Protection Agency (EgyptERA) has approved the construction of a 7.5MW solar power plant for Arabian Cement Co. The approval request was submitted by SolarizEgypt, following an agreement signed with Arabian Cement more than a year ago. SolarizEgypt will construct the solar power plant on an area of approximately 96,000m² and sell the electricity to the cement company for a period of 25 years under a BOOT (Build Own Operate Trans... |