Cement News tagged under: Middle East
Menzel Elektromotoren completes Middle East motor order05 August 2021, Published under Cement NewsMenzel Elektromotoren has built two bespoke slip ring motors to drive the mills in a cement plant in the Middle East. The order required replicas of the original motors to be supplied, each with two shaft ends and precisely fitting all existing interfaces. Menzel’s motor design ensures full mechanical and electrical compatibility with the failed previously installed machines of Japanese make. The original manufacturer no longer offers this design, which features relatively unusual dime... |
City Cement sees 31% rise in profit04 August 2021, Published under Cement NewsSaudi Arabia’s City Cement has posted a net profit after tax of SAR49.7m (US$13.25m) in the second quarter of the year, up 30.8 per cent YoY on SAR38m in the year-ago period. Sales also climbed 10 per cent YoY to SAR119.8m from SAR108.9m in the 2Q20. |
Umm Al Qura Cement sees 17% decline in profit03 August 2021, Published under Cement NewsSaudi Arabia’s Umm Al Qura Cement has seen a 16.8 per cent decline in net profit to SAR49.45m (US$13.19m) in the first half of 2021, compared to SAR59.48m in the year-ago period. Sales also decreased 2.9 per cent YoY to SAR154.3m from SAR159.01m in the 1H20. The company also announced the resignation of its CEO, Fawaz bin Saleh Al-Mutairi, which will take effect from 1 September 2021. |
Yamama Cement achieved a net profit of SAR132.6m in 1H2129 July 2021, Published under Cement NewsSaudi Arabia-based Yamama Cement recorded a net profit after zakat and tax of SAR132.6m (US$35.3m) in the 1H21, a 24 per cent fall from SAR174.8m in the same period a year ago. The company attributed the drop in net profit to lower sales volumes. Yamama reported a net profit after zakat and tax of SAR 77.7m in 2Q21, a 53 per cent increase from SAR 50.8m in the year-ago period. The cement producer cited higher sales, and lower provisions for zakat as well as general and administra... |
Iranian cement demand reaches 5.78Mt in June 202126 July 2021, Published under Cement NewsThe Iranian cement market consumed 5.78Mt of cement in June 2021, remaining level with the 5.78Mt reported in May. This demand was entirely met by local cement production, which reached 6.02Mt in June while clinker production stood at 6.75Mt. In May cement and clinker output reached 6.1Mt and 6.68Mt, respectively. In addition, 0.63Mt of clinker and 0.36Mt of cement was exported in June. Exports of both clinker and cement fell when compared with May, when clinker exports were at 0.79Mt a... |
Yanbu Cement posts 23% rise in revenue16 July 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported a 11.1 per cent YoY fall in net profit to SAR115.23m (US$30.73m) in the first half of 2021, compared to SAR129.56m in the year-ago period. Revenue advanced 23 per cent YoY to SAR535.09m from SAR434.33m in the 1H20. In the second quarter of the year, net profit increased 12 per cent YoY to SAR41.83m while revenue climbed 54.6 per cent to SAR242.69m in the 2Q21. |
Vicat confident cement business in Egypt will improve15 July 2021, Published under Cement NewsVicat has been operating in the Egyptian market for the past 17 years, since its acquisition of the Sinai Cement Co in 2003 and it will keep investing in the country even during times of crises, says Sinai Cement Country Manager, Tamer Magdy. Egypt remains promising for investment, despite the negative impacts of COVID-19 crisis on the economy. The country ’s GDP is still expected to reach five per cent in 2022, said Tamer Magdy. "The economic reform decisions taken by the Egyp... |
Oman Cement posts 5% decline in net profit15 July 2021, Published under Cement NewsOman Cement has posted a 4.8 per cent decline in net profit to OMR2m (US$5.2m) in the first half of 2021, compared to OMR2.1m in the year-ago period. Total revenue fell 9.1 per cent YoY to OMR24m from OMR26.4m in the 1H20. |
Raysut Cement sees net loss contract in 1H2115 July 2021, Published under Cement NewsOman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total revenue remained largely consistent YoY at OMR45m from OMR44.8m in the 1H20. |
Redecam completed Sokhna cement baghouse project14 July 2021, Published under Cement NewsA new Redecam Group Sp A turnkey project has been successfully started up on Line 2 at LafargeHolcim’s Sokhna cement plant, Egypt. Redecam Egypt converted the main kiln/RM electrostatic precipitator filter into a baghouse filter. It also enhanced the cooling system for the clinker cooler, including a partial ESP retrofit. Finally, the company revamped the by-pass gas cooling tower (GCT) and dust transport system. The project follows a successful Redecam installation at the s... |