Displaying items by tag: Saudi Arabia

Saudi Arabia: Hoffmann Green Cement Technologies has initiated construction of H-KSA 1, its first production unit in Saudi Arabia, located at Rabigh. The foundation stone was laid following a licensing agreement with Shurfah Group, which includes building four Hoffmann units under an exclusive 22-year deal. These units will use Hoffmann's clinker-free cement, aligning with Saudi Arabia's Vision 2030 objectives. Completion is anticipated by end of 2025.

Co-founders Julien Blanchard and David Hoffmann said "We are delighted to participate in the decarbonisation of the Saudi construction sector by building several of our units on their territory and marketing our 0% cement clinker."

Saudi Arabia: The net profit of Southern Province Cement rose by 27% year-on-year to US$16.5m in the first quarter of 2024 from US$13.0m a year earlier. However, its revenues fell by 16% relative to the first quarter of 2023, reaching US$66.9m.

Saudi Arabia: Cement sales in Saudi Arabia recorded a 12.5% increase in April 2024 to 2.92Mt, up from 2.6Mt in 2023, despite the impact of Ramadan. This is according to a report by Aljazira Capital. However, cement exports saw a significant decrease, dropping by 30% year-on-year to 554,000t from 790,000t. Additionally, clinker inventories reached 43.4Mt in April 2024, marking an 18% year-on-year increase and a 3% rise from March 2024.

Saudi Arabia: Yamama Cement has appointed Naif bin Sultan bin Mohammed bin Saud Al Kabir as its chair. Abdullah bin Abdulrahman Al Obeikan has been appointed as the vice-chair. Members of the Compensation and Nomination Committee and the Audit Committee have also been announced.

Saudi Arabia: Riyadh Cement has reported its annual financial results for the period ending on 31 December 2023. Revenues were US$171m, a 7.6% year-on-year increase from US$159m in 2022. However, net profit marginally decreased by 0.6% to US$50.3m, compared to US$50.6m in the previous year.

Saudi Arabia: Southern Province Cement Company’s revenues fell by 12% year-on-year to US$285m in 2023, from $US325m in 2022. The company’s net profit also fell, by 35% from US$80.2m to US$52m.

Qatar: Al Jabor Cement has appointed Rizwan Khan as its General Manager.

He previously worked as the chief financial officer for Al Jabor Cement. Prior to this he held financial and analytical roles for LafargeHolcim in the UAE and Saudi Arabia from 2009. Earlier in his career he worked for Emirates Flight Catering from the late 1990s. Khan holds a master in business administration qualification with a focus on finance from the University of Bradford in the UK.

Al Jabor Cement has been an affiliate company to Holcim since 2003 when it formed a strategic partnership. It also uses the name Holcim Cement Qatar.

Saudi Arabia: Kreisel has delivered three 700 x 700mm high-pressure rotary valves to a China-based engineering firm for its construction of a cement plant in Saudi Arabia. Each valve is equipped with Ultra-Carbide protection and is able to convey 125t/hr of raw meal over a distance of 263m. In addition to the valves, Kreisel will also supply air supply units and other non-critical components.

Saudi Arabia: Riyadh Cement Company has appointed Mohammed Fouad appointed as its Business Excellence Director.

Fouad has worked for Riyadh Cement Company since 2021 as its Planning and Development Manager. Prior to this he worked a plant manager for Groupe SEB in Egypt and in technical management roles for Smart Systems for Factories Operation and Maintenance in Jordan. Cement sector roles in his career include working as a ‘Production and Operation Expert’ for LafargeHolcim from 2008 to 2016 and a Production Engineer for Cimpor from 2004 to 2008 in Egypt. He is a graduate in chemical engineering from Alexandria University and holds a master’s in business administration from the Paris ESLSCA Business School.

Saudi Arabia: Sinoma Overseas Development completed start-up testing and hand-over of new grinding mills at Arabian Cement Company’s Rabigh cement on 21 February 2024. The supplier said that the delivery was in accordance with the terms of the original contract between its parent company, China National Building Material (CNBM), and the producer.

Sinoma Overseas Development attributed deviations from the project’s previously announced schedule to the need for discussions with CNBM about remaining project works, equipment operation plans, procurement schedules and acceptance tests. As provided for in the contract, the work will be subject to a 5% delay penalty.