Cement News tagged under: Middle East

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Oman Cement increases conveyor capacity

01 December 2021, Published under Cement News

Oman Cement Co has increased the capacity of one of its conveyor belts from 150 to 250tph. The increase of the conveyor that transports cement from the cement mill to the silo was achieved by EPC specialist Synergy International FZE, who was responsible for project planning, procurement and construction. Synergy International FZE specialises in mechanical power transmission and bulk material handling, wear protection and dedusting systems, as well as ball mill optimisation and automated fl...

Kuwait Portland Cement orders new ship unloader from Bruks Siwertell

26 November 2021, Published under Cement News

Bruks Siwertell has won a new order from Kuwait Portland Cement Co for an ST 490-M ship unloader. It is expected to join another cement handling Siwertell ship unloader in Shuaiba Port, Kuwait City. “Kuwait Portland Cement has benefited from 20 years of experience using our Siwertell screw-type technology,” says Peter Göransson, sales manager, Bruks Siwertell. “It knows what our unloaders deliver; time and again the technology has proven its capabilities, demonstrating reliability, effici...

Middle East: diversification is key

22 November 2021, Published under Cement News

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 their reliance on oil and gas revenues. Meeting this demand, however, requires investment at a time when state revenues have plummeted and the region is facing escalating humanitarian crises. Global oil prices declined by more than 50 per cent in March 2020 as lockdown measures grounded international flights ...

Iranian cement market contracts 12% in October

18 November 2021, Published under Cement News

Iran’s cement demand declined 11.7 per cent MoM to 5.05Mt in October 2021. In addition, producers exported 0.65Mt of clinker and 0.29Mt of cement, according to the Iranian cement association. In term of output, 7.02Mt of clinker and 5.46Mt of cement were produced in October 2021. When compared with September 2021, clinker production increased 2.8 per cent while cement output was down 9.2 per cent.

Qassim Cement sees sales down 27% YoY

08 November 2021, Published under Cement News

Saudi Arabia’s Qassim Cement has reported a net profit of SAR60.4m (US$16.11m) in the third quarter of 2021, down 49.7 per cent YoY from SAR110.1m. Sales also decreased 26.5 per cent to SAR170.3m from SAR231.6m in the 3Q20.

Tabuk Cement sees 11% decrease in profit

04 November 2021, Published under Cement News

Saudi Arabia’s Tabuk Cement has posted a 10.5 per cent YoY fall in net profit to SAR8.48m (US$2.26m) in the third quarter of 2021, compared with SAR9.47m in the year-ago period. Sales also declined 32.9 per cent YoY to SAR48m from SAR71.49m in the 3Q20.

Iran's cement industry to prepare alternatives amid fuel shortage

03 November 2021, Published under Cement News

Iran is facing the prospect of power shortages amid an insufficient supply of natural gas, according to Trend News. As a result, cement plants are expected to store mazut as an alternative fuel over the next few days, says the secretary of the Cement Industry Association, Abdolreza Sheikhan. Mr Sheikhan also noted that an electricity outage during the summer had previously led to a cement shortage in the market and an increase in prices. Therefore, he expressed concern about the prospect ...

Najran Cement sees 24% fall in profit

02 November 2021, Published under Cement News

Saudi Arabia’s Najran Cement has posted a net profit of SAR36.1m (US$9.23m) in the third quarter of 2021, down 23.8 per cent YoY from SAR47.4m in the year-ago period. Sales also declined 20.8 per cent YoY to SAR125.9m from SAR159m in the 3Q20. 

City Cement sees 26% fall in profit

02 November 2021, Published under Cement News

Saudi Arabia's City Cement has posted a 25.6 per cent YoY decline in net profit to SAR38m (US$10.13m) in the quarter ending 30 September 2021, compared with SAR51.1m in the year-ago period. Sales also fell 20.6 per cent to SAR111.6m from SAR140.6m in the 3Q20. 

Umm Al Qura Cement's revenue down 35% YoY

27 October 2021, Published under Cement News

Saudi Arabia’s Umm Al Qura Cement Co has posted a net profit after tax of SAR12.47m (US$3.33m) in the quarter ending September 2021, down 60.9 per cent YoY against SAR31.91m in the year-ago period. Revenue also declined 35 per cent YoY to SAR56.96m from SAR87.61m in the 3Q20.