Cement News tagged under: Middle East
Raysut Cement scoops Best Employer Brand awards14 December 2020, Published under Cement NewsRaysut Cement Company (RCC) has picked up seven awards and two Best Employer Brand Awards, one focussed on Oman companies and the other on GCC corporate entities. RCC’s CEO, Joey Ghose, won the ‘CEO of the Year’ honour at both the Oman Best Employer Awards 2020, held in October and GCC Best Employer Awards 2020 held in November. The awards RCC picked up at the Oman Best Employer Brand Awards included recognitions for Promoting Health in the Workplace, Best Use of Technology for Trai... |
Saudi Arabia saw cement sales rise 17% in November10 December 2020, Published under Cement NewsCement sales in Saudi Arabia increased 16.5 per cent YoY to 4.75Mt in November 2020, driven by the Ministry of Housing’s programmes, according to NCB Capital Co. On a monthly basis, local cement sales edged up by 0.7 per cent in November, reaching the second-highest monthly figure since January 2017. Clinker production was down 0.8 per cent MoM to 4.3Mt, but cement production saw a modest rise of 1.1 per cent to 5Mt. Clinker exports surged 85 per cent YoY to 490,000t, while the coun... |
Iran's cement exports fall 24% YoY03 December 2020, Published under Cement NewsThe value of Iran’s cement exports in the first seven months of the current Iranian calendar year (20 March-21 October) reached more than US$163.4m, down 11 per cent compared to the same period last year. The quantity of cement exports also fell 24 per cent YoY to 7,630,428t. |
Riyadh Cement completes record kiln operation01 December 2020, Published under Cement NewsSaudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute interruption. The plant also operated the kiln at 103 per cent capacity, averaging 5145tpd of production from 5000tpd of designed plant capacity. The stoppage was preventively taken to inspect the clinker pan conveyor which took about 4-6h maintenance. This performance was only possible due to the high leve... |
Gulf Cement Co approves capital reduction30 November 2020, Published under Cement NewsThe ordinary general meeting of UAE-based Gulf Cement Co has approved a 50 per cent capital reduction to AED410.55m (US$111.79m) from AED821.1m, as a result of the company’s accumulated losses as of 30 September 2020. The company will therefore cancel 410.55m shares, equivalent to the amount of losses, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. |
Sharjah Cement signs SRF supply contract27 November 2020, Published under Cement NewsUAE-based Sharjah Cement Factory has signed a contract with Bee'ah, a leading environmental management company, for the supply of alternative fuel from Bee’ah’s SRF plant. A minimum of 73,000t will be provided each year. This translates to 73,000t of waste being diverted from Sharjah landfills and reused by the UAE’s industries. "Companies and industries in the UAE must work together to realise new efficiencies and achieve the country’s sustainability objectives. We thank Bee’ah for it... |
Al Akaria sells stake in Hail Cement23 November 2020, Published under Cement NewsSaudi Arabia’s Al Akaria, a real estate company, has sold its entire stake in Hail Cement Co at a value of SAR96.9m (US$25.84m). The company had a stake of 6m shares and made a profit of SAR36.9m in the transaction, according to a statement on the Saudi Stock Exchange. |
Cement production rises in Qatar20 November 2020, Published under Cement NewsQatar’s Industrial Production Index for September 2020 declined 7.7 per cent YoY and 3.9 per cent compared to August 2020, according to the Planning and Statistics Authority. The production of cement and other non-metallic mineral products rose 9.1 per cent MoM in September. On an annual basis, production also advanced 3.1 per cent during the month. |
Iran's cement production rises 14% YoY17 November 2020, Published under Cement NewsIran's cement production in the first six months of the year (starting in March 2020) rose 14.4 per cent YoY to 35.63Mt, compared with 31.15Mt in the year-ago period, according to data provided by the Ministry of Industry, Mines and Trade. According to the Islamic Republic of Iran Customs Administration (IRICA), in the first five months of the current Iranian calendar year it has exported 5,847,201t of cement, worth more than US$127.9m, to 28 countries. India, Afghanistan, Russia, Iraq... |
Sharjah Cement sees 25% decline in revenue16 November 2020, Published under Cement NewsUAE-based Sharjah Cement has posted a net loss of AED47.9m (US$12.9m) in the first nine months of 2020, compared to a profit of AED2.8m in the corresponding period of last year. Revenues declined 25.3 per cent YoY to AED325.22m from AED435.45m in the 9M19. In the third quarter of 2020 net losses reached AED22.7m from an AED240,000 profit in the year-ago period. |