Cement News tagged under: Middle East
Iran's cement market expands 5% MoM in February15 March 2022, Published under Cement NewsIranian cement consumption reached 4.43Mt in February 2022, supplied entirely by the domestic industry, according to the Iranian Cement Association. This represents a 5.2 per cent increase when compared with January 2022. While cement production stood at 4.43Mt (+5.2 per cent MoM), clinker output reached 4.83Mt (-7.6 per cent MoM). The country exported 1.084Mt of clinker and 0.326Mt of cement in February 2022, representing MoM increases of 33.8 and 35.8 per cent, respectively. |
Saudi Arabian cement sales fall in February08 March 2022, Published under Cement NewsThe aggregate sales of 17 Saudi Arabian cement producers fell 14 per cent to 4.3Mt in February, from 5Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 14 market players reported lower sales: Northern Region Cement C o with a 63 per cent YoY drop, followed by Arabian Cement Co, down 34 per cent YoY, and Al-Jouf Cement Co, down 30 per cent YoY. However, three companies recorded higher sales, led by Yamama Cement Co with a 75 per cent YoY... |
Yanbu Cement profits drop 43% in 202107 March 2022, Published under Cement NewsYanbu Cement saw its revenue slip to SAR934m (US$249.1m) in 2021 from SAR940m in 2020. As selling prices fell, net profit decreased 43 per cent to SAR160m in 2021 from SAR281m in the previous year, according to a bourse filing. An increase in general and administrative expenses also contributed to the decline in profit. |
Arabian and Najran Cement take drop in net profits02 March 2022, Published under Cement NewsArabian Cement Co posted revenues of SAR1003m (US$267.5m) in 2021, up 18.5 per cent YoY from SAR871.9m. However, the company saw its net profit after zakat and tax decline by 12.6 per cent to SAR161.5m in 2021 from SAR184.9m in 2020. Meanwhile, Najran Cement Co reported a 6.7 per cent drop in revenues to SAR581.6m in 2021 from SAR623.2m in 2020. Its net profits after zakat and tax fell 17.6 per cent YoY to SAR165.54m in 2021 from SAR200.94m in 2020. |
Fernando Libonati to lead Business Development at FCT22 February 2022, Published under Cement NewsFernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and worked in Australia, Hong Kong, China, Germany and Brazil. Fernando holds a Mechanical Engineer... |
Iranian cement producers supply 4.21Mt in January14 February 2022, Published under Cement NewsCement producers in Iran produced 4.21Mt of cement and 5.23Mt of clinker, according to the Iranian Cement Association. They supplied the domestic market with 4.23Mt while clinker and cement exports reached 0.81Mt and 0.24Mt, respectively. |
Heriot-Watt University accelerates efforts to decarbonise the cement industry09 February 2022, Published under Cement NewsA ground-breaking project led by Heriot-Watt University is accelerating efforts to decarbonise the energy-intensive cement industry. The innovative government, industry and academic collaboration has unveiled a series of ambitious targets for the sector, leading to net zero emissions across the UAE by 2040 before being rolled out globally. The research, which is being led by the Centre of Excellence in Smart Construction (CESC) based at the University’s Dubai campus, will focus on fou... |
Saudi cement sales fall 6% to 4.9Mt in January08 February 2022, Published under Cement NewsThe total sales of 17 Saudi cement producers fell per cent to 4.9Mt in January, compared to 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 13 market players reported lower sales, led by Northern Region Cement C o with a 60 per cent YoY decline. It was followed by United Cement Industrial Co (down 35 per cent YoY), and Al-Jouf Cement Co , down 24 per cent YoY. On the other hand, four companies recorded higher sales, headed by Y... |
Qatar National Cement Co appoints new CEO25 January 2022, Published under Cement NewsQatar National Cement Co has announced the appointment of Engr Essa Mohammed Ali Kaldari as its chief executive officer with effect from 1 February 2022. |
Aggregate Saudi Arabian Cement sales fall 7% in December11 January 2022, Published under Cement NewsThe aggregate sales of 17 Saudi cement producers decreased by seven per cent to 4.8Mt in December 2021, from 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co. In terms of local sales, 14 companies witnessed a sales drop, led by Northern Region Cement Co with a decline of 58 per cent YoY. It was followed by United Cement Co and Hail Cement Co with YoY decreases of 34 and 27 per cent, respectively. Argaam reports that Yamama Cement, Tabuk Cement... |