Displaying items by tag: Riyadh Cement

Saudi Arabia: Riyadh Cement has ordered an airslide analyser from Switzerland-based SpectraFlow Analytics for its white cement production line. The contract also includes raw mix proportioning software. The product is an online analyser able to measure raw materials in airslides. The vendor says that by using its analyser, and a site-specific raw mix proportioning strategy, the variation in the local raw materials can be balanced out to increase consistency of the raw meal and kiln feed quality. Also the variable MgO, Na₂O, K₂O, Cl and SO₃ content is optimally monitored.

This order is SpectraFlow Analytics’ 49th order for the cement Industry and the first airslide analyser installation in Saudi Arabia. This order raises the installed base in Saudi Arabia to seven analysers (6 crossbelt, 1 airslide) and worldwide to 71 analysers (40 crossbelt and 31 airslide).

SpectraFlow Analytics sells online analysis products to the cement, bauxite, gold, platinum, copper, potash, phosphate, coal and other minerals industries. Its products are based on near Infrared (NIR) spectroscopy as opposed to using radioactive sources or neutron generators.

Saudi Arabia: The General Authority for Competition (GAC) has fined 14 local cement producers around US$37m for price fixing. The companies were found to have broken local competition law following an investigation by GAC. They are now each liable for a US$2.7m penalty. The producers concerned are: Al-Safwa Cement; Al-Madina Cement; Umm Al-Qura Cement; Al-Jawf Cement Company; Qassim Cement; Najran Cement; Southern Province Cement; United Industrial Cement; Yamama Cement; Riyadh Cement (Saudi White Cement); Arabian Cement; Saudi Cement; Yanbu Cement; and Hail Cement.

Saudi Arabia: Riyadh Cement's full-year 2022 results show an 11% year-on-year drop in sales to US$159m, from US$179m. The producer's operating and administrative costs dropped throughout the year. As such, it recovered a net profit of US$50.5m, up by 13% year-on-year from US$56.9m.

Saudi Arabia: Riyadh Cement Company’s net profit after Zakat and tax shrank by almost 47% to US$22.6m in the first half of 2022, compared to US$42.7m in the same period in 2021. The firm ascribed the drop earnings to lower sales, with its revenues standing at US$68.8m in the first six months of 2022, compared to US$107m in the first six month of 2021, a 36% drop year-on-year.

Saudi Arabia: Saudi White Cement has rebranded as Riyadh Cement Company. Mubasher News has reported that the company previously received regulatory approval for the change to the commercial register. It had used both names in parallel prior to the change.

Saudi Arabia: Cement sales revenue is expected to fall quarter-on-quarter in the second quarter of 2018 due to restructuring in the industry and holidays in the period. A report by Al Rajhi Capital found that cement sales volumes fell by 16.7% year-on-year in April and May 2018. 15 cement companies reported falling sales volumes, led by Riyadh Cement and Cement City with 44.1% and 37.5% declines respectively. Only two companies, Tabuk Cement and Hail Cement, reported growth. Total inventory for the industry grew by 1.2% quarter-on-quarter to around 36.2Mt at the end of May 2018. The financial services company forecasts that revenue in the cement sector will fall by 6% year-on-year.

Saudi Arabia: Cement sales dropped by 17% year-on-year to 3.65Mt in November 2013 from 4.37Mt in November 2012, according to local media. The decline in sales was blamed on a campaign against migrant workers following the end of an amnesty period on 3 November 2013.

Sales of all of the cement companies fell during November 2013 with the exception of Northern Province Cement Company, Arabian Cement Company and Madinah Cement Company, whose sales increased by 58%, 24% and 20% respectively, according to data from Yamamah Cement Company. Riyadh Cement Company and Jouf Cement Company posted the biggest drop in November 2013 at 45% and 44% respectively. Sales by Saudi Cement Company and Yamamah fell by 21% and 32% respectively.

Sales of clinker for the country's fifteen cement companies rose by 9% year-on-year to 4.75Mt in November 2013 from 4.35Mt in November 2012.