Displaying items by tag: Saudi Arabia

Saudi Arabia: Tabuk Cement has appointed Yazid bin Khalid Al-Shathri as the chair of its board of directors. Other staff assignments include the appointment of Tariq bin Khalid Al-Anqari as vice-chair of the board and Amal Bint Hussein Redaa as secretary to the board. The company held an election in late December 2022 to appoint its board of directors from late January 2023 to January 2026.

Saudi Arabia: Southern Province Cement expects to sign a contract for construction of a planned 10,000t/day new line at its Jazan cement plant in early 2023. Mist News has reported that the company commenced tendering for technical and financial offers for the project in May 2022.

When commissioned, Southern Province Cement plans for the new line to replace the plant’s older existing lines.

Saudi Arabia: Beumer Group has appointed V-Line Middle East to provide services for its customers in Saudi Arabia. Beumer Group said that the new partnership will help it to strengthen its focus on sales in the region.

Beumer Group’s director of sales André Tissen said “Our partnership will bring us closer to customers and strengthen our customer service in key industries. Through V-Line Middle East, we can offer our customers in Saudi Arabia access to a network of local specialised suppliers, augmenting our range of services.”

Saudi Arabia: Yanbu Cement was among successful bidders in Saudi Arabia's largest carbon credit auction to date earlier in November 2022. The Saudi Public Investment Fund (PIF)’s Voluntary Carbon Market Initiative Auction sold 1.4Mt-worth of carbon credits to 15 different entities, of which Yanbu Cement was the only cement sector representative. The PIF said that the sale will support the country's Saudi Vision 2030 development goal, while also advancing its progress towards net zero CO₂ emissions by 2060.

Saudi Arabia: China-based Sinoma has signed a contract with Yamama Cement for the construction of a new 10,000t/day clinker production line at its new plant site. The announcement of the engineering, procurement and construction (EPC) contract at the Arab-International Cement Conference in Amman, Jordan, came shortly after the news that Sinoma had been contracted to dismantle, move and rebuild one of Yamama Cement’s existing cement production lines in a strategic move between the producer’s old and new plant sites.

Saudi Arabia: Yamama Cement has announced the signing of a contract to transfer its seventh cement line from its old factory to its new plant location. The project, which follows similar moves for other lines, will start in the first quarter of 2023 and cost an estimated US$220m. The company expects the project to be completed during the second half of 2025.

The project, to be overseen by China-based Sinoma Overseas Development, will include dismantling, transporting and reinstalling the equipment, in line with Saudi Arabia’s 2030 vision to keep pace with its many development projects. After the trial run period is completed, it is expected to have a positive impact on the company's financial results.

Saudi Arabia: Yamama Cement has commissioned its second cement plant, with 20,000t/day in capacity across two clinker lines. The producer invested US$1.25bn in the plant's construction, which was carried out by Germany-based ThyssenKrupp. The facility is equipped with seven raw materials crushers, a 3.7km-long limestone conveyor belt, 110,000t of storage capacity, four Quadropol roller mills, two Dopol preheater towers, two Polro rotary kilns, two Polytrack clinker coolers, three 100,000t clinker silos, four Polycom high-pressure roller mills, six 22,590t and 25,000t cement silos and 22,000m³
in water storage basins. The new plant is situated in the eastern Arabian Desert, 80km from Riyadh.

Yamama Cement also operates the 6.4Mt/yr Al Karj Cement plant, 70km from Riyadh.

Saudi Arabia: Arabian Cement says it is considering how it can complete work on the construction of new cement mills at its integrated Rabigh plant. The announcement follows a statement from the cement producer reporting that contractor China National Building Materials Company (CNBM) said that it was unable to complete the project due to the necessity of “involving a third party.” The project has suffered repeated delays, such as Covid-19-related travel bans, and dates back to at least 2015.

Saudi Arabia: Qassim Cement has concluded a non-binding memorandum of understanding (MoU) with Hail Cement for acquisition of the latter’s issued shares. After any acquisition takes place, Qassim Cement plans to issue US$377m-worth of share capital in favour of Hail Cement’s existing shareholders.

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.