Cement News tagged under: Middle East
Iranian cement consumption up 34% MoM in September22 October 2021, Published under Cement NewsThe Iranian cement market expanded 34 per cent to 5.72Mt in September 2021 when compared with August 2021, when demand reached 4.27Mt, according to the Iranian cement association. Cement production in Iran reached 6.01Mt in September 2021, up 25.5 per cent MoM, while clinker production stood at 6.83Mt, representing a MoM increase of 34.4 per cent MoM. In addition to supplying the domestic market, Iranian cement producers exported 0.89Mt of cement and 0.4Mt of clinker in September 2021. In... |
Yanbu Cement Co sees revenue up 10% in 9M2122 October 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20. During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21. |
Gasin Cement’s road to RDF19 October 2021, Published under Cement NewsFaruk Investment Group (FIG) has recently launched a mechanical biological treatment facility in the city of Sulaymaniyah, northern Iraq. The project aims to tackle the issue of uncontrolled municipal solid waste by converting it into refuse-derived fuel, thereby providing FIG-owned Gasin Cement Co with an alternative fuel source and reducing the environmental impact of waste disposal in the region. By Eng Mohammed Fareed Al Saedi, Faruk Group, Iraq, and Eng Jan Gressmann, Eggersmann Anlagen... |
Yamama Cement Co sees 32% decline in sales19 October 2021, Published under Cement NewsSaudi Arabia’s Yamama Cement Co has posted a 31.6 per cent YoY decline in sales to SAR170.7m (US$45.52m) in the quarter ending 30 September, compared to SAR249.65m in the year-ago period. Net profit was down 58.1 per cent YoY to SAR39.97m from SAR95.32m. In the first nine months of the year, sales fell 21.7 per cent YoY to SAR553.5m while net profit declined 36.1 per cent to SAR172.5m. |
Oman Cement reports flat net profit in 9M2114 October 2021, Published under Cement NewsOman Cement has posted a net profit after tax of OMR2.8m (US$7.28m) in the first nine months of the year, which is flat compared to OMR2.8m seen in the year-ago period. Total revenue for January-September 2021 was down 9.3 per cent YoY to OMR35.3m from OMR38.9m in the 9M20. |
Cemex seeks to offset inflationary pressures with price hikes08 October 2021, Published under Cement NewsFernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post... |
Saudi Arabian cement sales decline in September07 October 2021, Published under Cement NewsThe aggregate sales of 17 Saudi cement producers decreased by 11 per cent to 4.1Mt in September, from 4.6Mt in the same month last year, according to recent data issued by Yamama Cement Co. In terms of local sales, 12 companies witnessed a sales drop, led by Northern Region Cement Co with 45 per cent YoY. There were declines as well for Al-Jouf Cement Co and Umm Al-Qura Cement with -34 and -28 per cent YoY, respectively. Sales of United Cement Co remained unchanged at 141Mt. How... |
Iranian cement demand expands 7% MoM in August28 September 2021, Published under Cement NewsIran’s cement consumption reached 4.27Mt in August 2021, according to the Iranian cement association. This represents a 6.8 per cent uptick when compared with July 2021. Cement and clinker production stood at 4.79Mt and 5.08Mt, respectively. In addition to supplying the domestic market, Iranian cement producer exported 0.32Mt of cement and 0.44Mt of clinker. |
Has Egypt's cement sector turned the corner?24 September 2021, Published under Cement NewsEgypt's cement sector has been battling against the economic tide for a considerable time as overcapacity, the end of energy subsidies and low cement demand has pushed some producers to the edge of existence, while others have become too debt-ridden to survive. However, this week saw better news as the country is launching a significant infrastructure drive and prices of construction materials have risen. Is it this simple to fix Egypt's long-suffering cement sector? It will take a prolonge... |
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... |