Cement News tagged under: Middle East
Egypt to cut cement manufacturing by 11%07 July 2021, Published under Cement NewsEgypt's competition authority has approved a request by 23 cement manufacturers to temporarily reduce production to reduce output, setting a baseline cut at 10.69 per cent. The competition authority decision, dated 5 July, said there would be additional cuts of 2.81 per cent for each production line and further cuts depending on the company’s age, according to a Reuters report. The quotas would come into force on 15 July and remain in place for one year, the document said. |
Sinoma Construction to supply 2000tpd white cement line for Biskria Cement05 July 2021, Published under Cement NewsSinoma Construction Algeria has signed a contract with Biskria Cement for a 2000tpd white cement project, including site installation and civil construction service contract. Rong Yakun, assistant general manager of the company and general manager of the Algerian company, and Mr. HOGGUI Mohamed Laid, chairman of Biskria Cement Company, signed the contract on behalf of both parties. The project is located in the Branis area. The scope of the project is to transform the original grey cem... |
Saudi Cement announces new board member02 July 2021, Published under Cement NewsSaudi Cement Co has announced the resignation of board member Mohammad Sulaiman Balghonaim and the appointment of Mansour Mohammed Balghonaim as a member of the board to complete the term of his predecessor for the remainder of the current term, which ends on 31 December 2021. Mr Balghonaim has around 16 years of experience in banking and currently serves as head of Business Development for Wholesale Banking at the Gulf International Bank. |
Iranian cement market expands 28% MoM in May16 June 2021, Published under Cement NewsIranian cement consumption in May 2021 reached 5.78Mt. This represents a 28.4 per cent MoM increase from 4.5Mt in April 2021. In addition to domestic deliveries, producers exported 0.34Mt of cement, down 26.1 per cent MoM, and 0.79Mt of clinker, up 3.9 per cent MoM. The country’s cement plants produced 6.1Mt of cement in May 2021, a 21 per cent increase when compared with April 2021, when cement output stood at 5.04Mt. Clinker production declined 4.6 per cent in May 2021 to 6.68Mt from 7M... |
Southern Province Cement announces new 10,000tpd line03 June 2021, Published under Cement NewsSaudi Arabia’s Southern Province Cement has announced a new 10,000tpd production line at its Jizan cement plant in the south of the country. The project will replace the plant’s current production lines, with construction expected to begin in the second half of 2021. |
Iran's largest cement line inaugurated02 June 2021, Published under Cement NewsIran’s largest cement line at Abyek Cement Complex was put into operation on Tuesday, according to the Tehran Times. Speaking at the inauguration ceremony, Alireza Razm Hosseini, the country’s industry, mining and trade minister, noted that Iran’s cement capacity has now reached 80Mta with a demand of 70Mta. However, the exact production capacity of the new line has not been reported. Currently there are 96 cement production lines active in 74 factories across the country, with almost hal... |
Iranian cement demand declines 24% YoY in April18 May 2021, Published under Cement NewsIran’s cement market contracted by 24 per cent YoY to 4.5Mt in April 2021, according to the Iranian Cement Association. In April 2020 the country’s demand reached 5.91Mt. Exports of clinker in April 2021 remained stable at 0.76Mt when compared with April 2020 while cement exports increased by 31 per cent YoY to 0.46Mt. On the supply side, clinker output from domestic cement plants edged up nine per cent to 7Mt, but cement production noted a 19 per cent drop to 5.04Mt when compared with... |
Egypt's government set to put the brakes on cement production14 May 2021, Published under Cement NewsThe Egyptian government has decided to take direct action to curb the excess production in the country's cement sector. In an attempt to ease the flow of cement, the government has proposed that cement producers reduce their production by 10 per cent. The government itself has contributed to the oversupply with the creation of its 13Mta military plant in Beni Suef cement plant in 2018, which has seen its sales fall by half, according to military executives. Under the formula proposed last... |
Arabian Cement sees 49% surge in profit10 May 2021, Published under Cement NewsSaudi Arabia’s Arabian Cement Co has seen a 48.5 per cent YoY surge in net profit to SAR67m (US$17.87m) in the first quarter of 2021, up from SAR45.1m in the 1Q20. Sales increased 57 per cent YoY to SAR321.5m from SAR204.6m, or up 10.5 per cent QoQ from SAR290.8m. Net income also advanced 25.7 per cent QoQ from SAR53.3m. |
Saudi Arabian producers report 15% decline in net profit07 May 2021, Published under Cement NewsSaudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho... |