Cement News tagged under: Middle East
Qatar National Cement sees 38% rise in sales09 April 2021, Published under Cement NewsQatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20. |
Eggersmann Group commissions new RDF/MSW plant08 April 2021, Published under Cement NewsEggersmann Group has completed the commissioning of the Middle East's first RDF bio-drying project. The 300tpd RDF plant is situated in Sulaymaniyah, Iraq. The facility is also capable of processing 1040tpd (380,000tpa) of municipal solid waste, reaching an overall landfill diversion up more than 80 per cent through the inclusion of biological drying. The client, a local cement producer, negotiated a 20-year agreement for receiving waste from the municipality at the agreed tipping fee ... |
Raysut Cement granted CE and NF markings30 March 2021, Published under Cement NewsOman-based Raysut Cement Co has been granted the CE and NF markings by AFNOR Certification of France, for some products manufactured in the Salalah plant, after passing successfully the CE002:2020 or NF002:2019, NFP 15-317:2006 and NFP 15-318:2006 certifications for some cement qualities that will be exported in the Indian Ocean islands. Raysut Cement has been advised by a consulting company based in Switzerland Quadra Trading, to achieve compliance with the strict quality requirements... |
Yamama Cement signs financing agreement29 March 2021, Published under Cement NewsSaudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in short-term financing. The long-term financing is over a period of five years and is expected to settle other banks’ obligations and improve financial efficiency, while the short-term facility is for one year and will finance Yamama Cement’s working capital. |
Yanbu Cement Co appoints new CEO29 March 2021, Published under Cement NewsYanbu Cement Co’s (Saudi Arabia) board of directors has accepted the resignation of its CEO, Ahmed bin Abdo Zugail, due to personal reasons. Mr Zugail’s resignation was effective from 27 March 2021. The board also appointed Ali bin Abdullah Al-Ayed as the new CEO of the company, effective from the same date. |
Kuwait Portland Cement records 7% fall in profit25 March 2021, Published under Cement NewsKuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total operating revenue fell 46.6 per cent to KWD12.5m from KWD23.4m in the 4Q19. |
Jericho Cement plant to start up in 202222 March 2021, Published under Cement NewsJericho Cement Co plans to build the first cement factory in Palestine. The Palestinian Investment Fund is supporting the project. "The cement mill is one of the most important steps toward achieving self-sufficiency," Muhammad Mustafa, head of the Palestinian Investment Fund said. The US$85m plant will be built with a cement capacity of 1.1Mta and is expected to be completed by 2022. To meet its cement demand of just over 2Mta Palestine currently imports cement from Jordan, Israe... |
RAK White Cement sees revenue down 7%17 March 2021, Published under Cement NewsUAE-based RAK White Cement has seen a 34.6 per cent YoY decline in attributable net profit to AED12.69m (US$3.46m) in 2020, compared to AED19.41m in the previous year. Revenues declined 6.5 per cent YoY to AED221.19m from AED236.48m in 2019. |
Oman Cement receives bids for new project16 March 2021, Published under Cement NewsOman Cement Co has reportedly received commercial bids from EPC contractors for its integrated cement plant in Duqm, according to Muscat Daily. The 5000tpd project is expected to represent an investment of US$250m. "Offers from the EPC bidders have been received and after initial valuation the deviations in the commercial offers are yet to be updated and submitted by the EPC bidders," said the company. The company is also planning to set up a power plant to achieve a higher energy effici... |
Sharjah Cement sees 26% revenue decline in 202015 March 2021, Published under Cement NewsUAE-based Sharjah Cement has reported a 25.6 per cent decline in revenue to AED431.63m (US$117.53m) for 2020, compared to AED580.1m in the previous year. The cost of sales declined to AED436.99m from AED543.8m. The company also posted an AED70.64m loss for the year, compared to an AED12.07m profit in 2019. |