Cement News tagged under: Middle East
Raysut Cement Co plans Duqm grinding plant start up for 4Q2123 September 2021, Published under Cement NewsRaysut Cement Co's (RCC) US$30m Duqm grinding unit in Oman will come on-stream in the 4Q21. The Duqm plant will raise RCC’s group output to 7.4Mta, and help the company raise production to 10Mta by 2022. “Duqm plant will add another 1Mta to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in post-pandemic resurgence,” said Mr Joey Ghose, group CEO of RCC. As part of developing the Duqm plant... |
Iraq's cement association calls for reversal of fuel subsidy decision22 September 2021, Published under Cement NewsIraq's association of cement manufacturers has called on authorities to reverse a decision which has seen a reduction in fuel subsidies for the sector, according to Agence France-Presse. Earlier this month, the oil ministry raised the price of fuel sold to cement manufacturers from IQD150/l (US$0.10) to IQD250, in addition to a previous increase this year. The association has warned that the move risks factory closures or a hike in cement prices by at least US$10/t. "The decision will ... |
Iran’s Mercantile Exchange sets up separate cement trade hall22 September 2021, Published under Cement NewsThe Iran Mercantile Exchange (IME) will set up a separate hall for cement trades from 25 September 2021, according to IME’s director for market operation. Following the announcement of the Ministry of Industry, Mining and Trade on banning the purchase and supply of cement outside the commodity exchange and determining the time for the presence of buyers and sellers of cement in the commodity exchange, the process of admission of cement companies and buyers to the exchange has accelerated. ... |
Differing priorities for Oman's leading cement players17 September 2021, Published under Cement NewsThis week, Oman Cement Co announced that it is planning a 5600tpd brownfield expansion of its plant in Rusayl, Oman, as it builds a new kiln line, upgrades an existing line and shuts down some capacity. The capacity programme will improve its domestic production, which is currently behind market leader Raysut Cement. The latter catapulted its cement capacity ahead with the acquisition of Sohar Cement in 2019. The lure of foreign markets has also seen Raysut Cement expand its capcity, but bot... |
Helwan Cement to install WHR system17 September 2021, Published under Cement NewsSuez Cement Group of Companies (SCGC), owned by Heidelberg Cement group, has announced an investment of around US$20m to build a waste heat recivery system (WHR) at its Helwan cement factory in Egypt. The new facility will be using the latest technologies to ensure an environmentally friendly and energy-efficient production process, and significantly reduce CO 2 emissions produced from the electricity supply. The WHR system will have the potential to generate up to 18MW of power for... |
Oman Cement plans brownfield project14 September 2021, Published under Cement NewsOman Cement is reportedly planning to proceed with a brownfield expansion of its cement works, which would see it increase clinker capacity to 15,000tpd from 8700tpd. The company is expected to construct a new 10,000tpd line and upgrade its Line 3 from 4000tpd to 5000tpd, while decommissioning its two older lines. It has contracted PEG Resources (Switzerland) to carry out the technical study, alongside the tendering and contracting process. |
Al Jouf Cement extends SAR40m cement supply contract07 September 2021, Published under Cement NewsAl Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported. Based in Al-Jaef, Saudi Arabia, Soliman bin Saleh Almohileb and his Sons Holding Co is a trading company that owns several read... |
UAE’s cement sector is integral in building circular economies01 September 2021, Published under Cement NewsThe second UAE Circular Economy Council meeting reviewed progress in implementing the country’s 2021-31 Circular Economy Policy and underlined the growing role of the cement sector in achieving its goals. Mohammed Al Jawi, senior manager of environmental and waste management at Emirates Global Aluminium, stressed that the company’s policy of zero processed waste being sent to landfill had been made possible by the cement sector. He outlined that the approach to reducing generated spent p... |
Arabian Cement records 2Q21 revenue of SAR233m30 August 2021, Published under Cement NewsArabian Cement Co (ACC) registered a revenue for the 2Q21 of SAR233m (US$62m), a YoY increase of 66.9 per cent. The company achieved an 82.9 per cent YoY improvement in cement volume from its Saudi Arabian operations and a 51.5 per cent YoY growth in revenue from outside the kingdom, according to Al Rajhi Capital. Cement sales volume for the 2Q21 reached 0.7Mt, 7.9 per cent higher than the research house's estimate. Gross profit and operating profit increased by 2.0x YoY and ... |
Umm Al-Qura Cement appoints new CEO25 August 2021, Published under Cement NewsSaudi Arabia's Umm Al-Qura Cement Co has announced the appointment of Majid Tariq Salah Gharbawi as CEO, effective from 20 October. Mr Gharbawi has more than 17 years of experience in the financial and banking sector. His professional career includes many administrative and leadership positions within private banks. He holds a Bachelor of Science in Business Administration, majoring in financial management, from the University of Southern California, in addition to many specialised cer... |