Cement News tagged under: UAE
Gulf Cement Co sees fall in profit in 201820 February 2019, Published under Cement NewsUAE-based Gulf Cement Co reported revenues of AED475.707m (US$129.5m) in 2018, according to the company’s preliminary results. This represents an 18.4 per cent drop from AED583.203m the previous year. The company’s net operating profit of AED24.360m in 2017 declined to a loss of AED49.072m in 2018 while net profit fell from AED40.613m to a loss of AED32.99m over the same period. |
Arkan sells Emirates cement plant15 February 2019, Published under Cement NewsUAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement Co. Arkan has already received AED21.9m of the total amount, recognised in its 2018 financials as other income. The company’s main operations are based at its separate 4.5Mta facility in Al Ain. |
RAK Cements profit falls to AED13m14 February 2019, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767.92m in 2017 to AED755.22m one year later while total assets declined to AED1.03bn in 2018 versus AED1.102bn the previous year. |
Pioneer Cement to begin RDF usage02 January 2019, Published under Cement NewsUAE-based Pioneer Cement, a subsidiary of Raysut Cement, has signed an agreement with Emirates RDF that will lead to the use of fuel derived from household waste in its production plant. According to a statement, the company will be one of the first cement facilities in the region to use waste fuel. "Pioneer Cement has a strong focus in protecting the environment and the agreement, which will pave the way for us to use RDF (refuse derived fuel), is a pioneering step in bringing innovation i... |
Iranian province records export increase10 December 2018, Published under Cement NewsIran’s southern province of Hormozgan reported a 40 per cent increase in clinker and cement exports to 400,000t during the eight-month period between 21 March-21 November 2018, according to Masoumeh Mousavi of the country’s Mine and Trade Department. Products from the area were exported to Oman, UAE, Tanzania and South Africa. |
Sharjah Cement records decreasing sales06 November 2018, Published under Cement NewsUAE-based Sharjah Cement has announced an 82.3 per cent fall in net profit for the 3Q18, dropping to AED2.2m (US$599,046) from AED12.4m a year ago. The company has attributed the results to a decline in income from investments and sales. Sales decreased 9.9 per cent to AED131.3m from AED145.7m in the 3Q17. In the first nine months of 2018, Sharjah’s profit was down 67 per cent at AED14.3m compared to AED43.6m in the year-ago period. |
Arkan's 9M18 results are stable at AED676.9m01 November 2018, Published under Cement NewsArkan Building Materials Company (ABMC) reported that it achieved a net revenue of AED676.9m (US$184.3m) in 9M18 compared to AED677.6m during the 9M17. The growth in pipes, blocks and dry mortar sales offset the decline in clinker sales. Clinker sales were impacted by stiff competition, cheap imports from Iran and a slowdown in summer construction. Higher production costs also affected ABMC's profit margins, as the plant continued to import limestone from Oman, while a sustainable solutio... |
UAE to construct MSW plant for alternative fuel production16 October 2018, Published under Cement NewsThe UAE will soon start construction and operation of a municipal solid waste treatment (MSW) plant and alternative fuel production plant in the northern emirate of Umm Al Qaiwain. The initiative by the UAE Ministry of Climate Change and Environment has signed an agreement for the project with NV Besix, TG Eco Holding and UK-based Green Revenires. The 40ha plant will come up in Al Madfaq area around 20km north of Umm Al Qaiwain and 2.5km west of the Sheikh Mohamed bin Zayed Road. It is expe... |
HeidelbergCement02 October 2018, Published under Cement NewsHeidelbergCement subsidiary Suez Cement Co, which came with the purchase of Italcementi, has agreed in principle to sell the El Minya white cement works to Emaar Industries Company. The El Minya works was completed in 1991 and has a capacity of 1Mta and is located in the Cairo area, to the north of the city. It is held through Helwan Cement Co, which first has to split out its white cement operations. That procedure is likely to take some months. Emaar Industries is controlled by the D... |
JSW Cement's growth plans28 September 2018, Published under Cement NewsThis week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company has been expanding rapidly in recent years from its start-up in 2009 and this summer it also announced that it will be setting up its first overseas grinding unit in Fujairah, UAE . Both these projects are scheduled to be completed by the end of 2019, by which time the Portland slag cement producer aims to have a ... |