Displaying items by tag: Kuwait

Iran: Data from the Islamic Republic of Iran Customs Administration (IRICA) shows that cement producers exported 5.85Mt of cement in the first five months of the local 2021 financial year, which began on 20 March 2020. The value of cement exports fell by 52% year-on-year to US$128m from US$266m, according to the Tehran Times newspaper. Iraq, Kuwait and Afghanistan were the top destination for the exports. Cement was also sent to India, Russia, Qatar, Kenya, Sri Lanka, Pakistan, Armenia, Turkmenistan, Kazakhstan, Azerbaijan, Bangladesh, China, and Oman.

In its 2020 financial year Iran exported a total of US$7.0bn-worth of building materials and produced 85Mt of cement against a domestic consumption of 65Mt.

Egypt: Germany-based HeidelbergCement subsidiary Suez Cement’s losses fell by 11% year-on-year to US$75.0m in 2019 from US$84.1m in 2018. Mubasher News has reported that sales also fell, by 13% to US$41m from US$0.47bn.

Suez Cement is seeking buyers for its 51% stake in Kuwait-based Hilal Cement.

Kuwait: Kuwait Portland Cement has reported that its fourth quarter profit for 2019 fell by 44% to US$4.57m from US$8.15m in the fourth quarter of 2018. Its fourth quarter operating revenue in 2019 was US$76.3m, down by 36% from US$119m a year earlier.

Kuwait: Kuwait Portland Cement reported a 75% decrease in its net profit during the third quarter of 2019. Its profit was US$2.0m in the third quarter of 2019 compared with US$8.0m in a year earlier. Kuwait Portland’s nine month profit came to US$20.3m, a 21% fall year-on-year compared with US$25.7m. It attributed the decrease in profit to lower net returns on investments.

UAE: The board of Sharjah Cement and Industrial Development elected Othman Mohammed Sharif Abdullah as its new chairman at a meeting on 12 October 2019. Mubasher has reported that the company, which is based in the UAE, and also listed in Kuwait, also appointed Salah Abdulla Al Noman to its board.

Kuwait: Kuwait Cement has hired Belgium’s Magotteaux to modernise three of its cement mills. The project consists of closing the open circuit with fourth generation XP4i separators, installing new mill internals components, including diaphragms, and adapting a new ball charge gradation. The aim of the project is to increase the production rate, reduce the specific energy consumption and improve the product quality, by reducing the residue on 45μm by keeping the same Blaine value.

Kuwait: Saudi Arabia’s Qassim Cement has signed a contract with the Al-Aradah Building Materials Company to export cement to Kuwait. It has agreed to transport 120,000t of cement until the end of 2019. The financial impact of the deal will be disclosed in the cement producer’s financial results later in the year.

Kuwait: Kuwait Cement has made its first delivery of oil well cement to National Petroleum Services. It is producing the product at its Shuaiba plant, according to the Arab Times newspaper. It holds API Monogram licencing from American Petroleum Institute (API) to produce this type of cement.

Kuwait: ACICO Cement has ordered a second cement grinding mill from Spain’s Cemengal. The main equipment to be included in the contract includes a 5200 Kws ball mill with all the peripheral equipment from Cemengal and a fourth generation classifier from Magotteaux XP4i-130 for high strength cements. The projected grinding capacity will be 1Mt/yr of cement and the plant will be commissioned within the first half of 2020.

The project scope will include full engineering and complete supply of mechanical, process, electrical and automation equipment as well as the steel manufacturing from the raw materials handling areas up to the cement silos discharge. Site supervision, training and& commissioning will also be provided by Cemengal.

Iran: Cement exports from Iran registered growth of 32% during the first four months of the country’s current fiscal year (20 March 2018 – 22 July 2018), according to the Islamic Republic’s Customs Administration data.

The country exported US$107m worth of cement during the period. The volume rose to 2.7Mt, 24% more than in the comparable period of the previous fiscal year. The country also exported 2.2Mt of clinker worth US$60m in the same period of time.

Iran exported cement to 27 countries across the world in the period, including Kuwait, Iraq, Afghanistan and Bangladesh, with exports to Oman and Kuwait growing strongly.

The latest data of the Iranian Ministry of Industries, Mining and Trade says that the country’s total cement output amounted to 13.36Mt during the same first quarter period, a year-on-year fall of 5.7%.