Cement News tagged under: Middle East
Yanbu Cement full-year net profit rises 14.3%07 January 2014, Published under Cement NewsYanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR757m in 2012. The company attributed the rise to higher sales without giving exact figures. The Saudi-based producer reported earnings per share of SAR5.23, up from SAR4.57. |
Saudi slowdown set to continue06 January 2014, Published under Cement NewsThe current slowdown being seen in the Saudi Arabian cement market due to labour shortages is set to continue in the short-term, NCB Capital has cautioned. Saudi cement sales declined by 15 per cent in November 2013 YoY following the expulsion of 2m illegal expatriate labourers. The crackdown led to suspension of construction projects and delays in the transportation of cement and as a result, NCB expects the market to be affected over the next 4-6 months Last week, Zamil Al Mugren, chairm... |
Oman seeks anti-dumping measures30 December 2013, Published under Cement NewsUAE cement producers have defended their export levels to Oman after Raysut Cement Company calls for anti-dumping measures to be put in place to restrict imports from the neighbouring country. Raysut Cement is now urging the Omani government to put a "ceiling" on the amount of imports from UAE producers, stating that they " are offloading a large amount of cement in Oman, which has pushed prices down to a low level, especially in northern Oman," according to Samidh Mukhopadhya, CFO of O... |
Egypt sees signs of stablisation05 November 2013, Published under Cement NewsSigns of stability are beginning to emerge in the Egyptian cement market with visibility improving in several areas, a recent flash note by CM-CIC Securities highlights. The research house believes visibility is improving on several points. Firstly, volumes have been catching up since August and were up by 15 per cent during the month followed by a three per cent increment in September. Moreover, a better pricing scenario has been witnessed through 2013, with an increase of 15 per cen... |
VAS Template successfully implemented at Lafarge Emirates Cement17 April 2013, Published under Cement NewsFritz & Macziol has reached another important milestone in the rollout of the logistics system VAS with the final acceptance at the Lafarge Emirates cement plant, UAE. The launch was realised in a short time using a template, which has been specially modified to Lafarge's processes. The cooperation between Lafarge and the Fritz & Macziol project team made a critical contribution to this fast implementation. "We were able to start the further optimisation process with the demonstrably test... |
Vietnam exports seen rising10 July 2012, Published under Cement NewsExports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6.04Mt, comprising 5.76Mt of clinker and 0.28Mt of cement. For the first six months of 2012, around... |
Citigroup lowers Italcementi price target, Italy09 July 2012, Published under Cement NewsCitigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North America are expected to raise Italcementi's profit on the market both in the first half and full-201... |
FLSmidth wins large cement order in the Middle East01 May 2012, Published under Cement NewsFLSmidth has signed a contract worth approximately EUR85m with an undisclosed company in the Middle East to supply a complete 6000tpd cement production line. The contract comprises complete equipment supplies and includes a combined limestone and clay crusher, a gypsum crusher, a circular stacker and reclaimer store, a stacker and side scraper store for additives, an ATOX vertical raw mill, a CF silo, a double string preheater tower, a ROTAX kiln, an FLSmidth® Cross-Bar cooler, an OK mill ... |
Pakistan cement exports earn US$339m in 9MFY2011-1225 April 2012, Published under Cement NewsDuring 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures indicate that cement exports fell by 3.07% in terms of volumes but increased 2.89% in terms of dolla... |