Cement News tagged under: Middle East
Oman Cement puts US$250m project on hold04 May 2021, Published under Cement NewsOman Cement Co has reportedly put its US$250m Duqm plant project on hold, pending confirmation of fuel availability. "The company's decision to set up a new cement plant at Duqm with a capacity of 5000tpd of clinker has currently been put on hold pending confirmation of the availability of fuel and its strategic decision to expand capacity of its existing plant in Muscat," said the company. In March, the company had received bids from EPC contractors and appointed a project consultant fo... |
Iran produced 68.3Mt of cement in 202003 May 2021, Published under Cement NewsIranian cement plants produced 68.3Mt of cement in 2020, according to the Cement Industry Employers’ Association. This represents a capacity utilisation rate of 78.5 per cent. The association expects output in 2021 to rise to more than 70Mt. |
FLSmidth to upgrade Arabian Cement's Rabigh plant in 4Q2130 April 2021, Published under Cement NewsFLSmidth is to deliver a large efficiency upgrade at Arabian Cement Co’s site in Rabigh, Saudi Arabia. The order includes new DDX top cyclones, a quenching chamber and an ABC™ Cooler Inlet. Installation and commissioning is expected to be during the 4Q21. "The Saudi Arabian cement market is highly competitive with increasing demand, we are therefore constantly looking at ways to improve the efficiency at our Rabigh site," explains Dr Badr Osama Johar, CEO at Arabian Cement Co. "With ... |
Northern Cement posts 89% rise in profit29 April 2021, Published under Cement NewsJordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales also increased 32.4 per cent YoY to JOD9m from JOD6.8m in the 1Q20. |
Arabian Cement faces mill project delay at Rabigh plant23 April 2021, Published under Cement NewsArabian Cement Co said its new cement mill project at the Rabigh plant has been delayed by 150 days and will now be completed in the 4Q21. The delay was due to contractor China National Building Materials Corp being unable to travel to Saudi Arabia to complete the installation and commissioning work because of coronavirus travel restrictions. |
Yanbu Cement sees revenue increase 5%23 April 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 5.4 per cent rise in revenue to SAR292.4m (US$77.97m) for the first quarter of 2021, compared to SAR277.4m in the year-ago period. However, the company’s net profit declined 20.4 per cent YoY to SAR73.39m from SAR92.23m in the 1Q20. Despite the increase in revenues due to improved sales, a decline in the average selling price and the accompanying increase in the cost of sales led to the fall in net profit. |
Yamama Cement to move 10,000tpd kiln line to new site21 April 2021, Published under Cement NewsYamama Cement Co’s board of directors decided, in a meeting on 19 April 2021, to transfer and install the No 7 line from the company’s old production site in the south of Riyadh to the new plant location in Northern Halal in Al-Kharj governorate of the Riyadh region. The company said in a bourse statement that this comes in line with Saudi Arabia’s Vision 2030 to keep pace with development projects. The production capacity of the line is 10,000tpd. Therefore, by the end of 2024, t... |
Yanbu Cement provides update on line modernisation21 April 2021, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co has delivered an updated related to its project which required the shutdown of its fourth line in February. The line modernisation has reached 90 per cent completion, but the project’s expected 60-day timeline has been affected by a delay in receiving spare parts. The company has stated that the financial impact will be limited to the increase in production costs incurred since the shutdown date. Sales are not expected to be impacted due to its sufficie... |
Oman Cement Co reports 16% decline in revenue16 April 2021, Published under Cement NewsOman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period. |
Raysut Cement announces 5% rise in revenue14 April 2021, Published under Cement NewsOman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period. The company also returned to a profit after tax of OMR102,814 against a loss of OMR4m in the 1Q20. |