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News Saudi Arabia

Displaying items by tag: Saudi Arabia

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Saudi Cement Company makes appointments to board

02 January 2019

Saudi Arabia: Saudi Cement Company has appointed Khalid bin Abdulrahman Al-Rajhi as the chairman of the board, Mohammed bin Abdulkarim Al-Khuraiji as Vice-President of the board and Mohammed bin Ali Al-Qarni as secretary of the council.

Published in People
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Southern Province Cement to export 1.5Mt of clinker to Bangladesh

02 January 2019

Bangladesh: Saudi Arabia’s Southern Province Cement has signed a deal with Peakward Enterprises in Hong Kong to export 1.5Mt of clinker to Bangladesh. The first shipment was scheduled to start on 31 December 2018 and they will run until the end of June 2020. No value for the contract has been disclosed.

Published in Global Cement News
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Saudi company signs local partnership agreement to build plant in Bangladesh

21 December 2018

Bangladesh: Saudi Arabian company Engineering Dimensions has signed a partnership agreement with Bangladesh Chemical Industries Corporation (BCIC) to build a cement plant at Chhatak in Sunamgan. BCIC Chairman Shah M Aminul Haque and Engineering Dimensions President Mohammed N Hijji signed the deal, according to the Financial Express newspaper. Representatives of the Ministry of Industries and the Saudi Arabian embassy also attended the ceremony.

Published in Global Cement News
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City Cement reaches settlement with Sinoma International

18 December 2018

Saudi Cement: City Cement’s Al Madina Cement subsidiary says it has reached a final settlement with China’s Sinoma International about the construction of a second production line. The parties have agreed an 8% discount on the total cost of the project worth around US$11m. Trial operation on the second line at the plant was originally announced in late 2014.

Published in Global Cement News
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Southern Province Cement signs deal to sell 20,000t of cement to Yemen

04 December 2018

Saudi Arabia/Yemen: Southern Province Cement has signed a deal to sell 20,000t of cement to Yemen. The deal will last for three months. It started in early December 2018 with the export of a 7000t consignment. It follows a similar agreement that Tabuk Cement agreed in late November 2018 to export products to Yemen.

Published in Global Cement News
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Tabuk Cement signs deal to export 6000t of cement to Yemen

27 November 2018

Saudi Arabia/Yemen: Tabuk Cement has signed a memorandum of understanding to export 6000t of cement to Yemen. The agreement has a duration of three months.

Published in Global Cement News
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Saudi investor expresses interest in building cement plant in Bangladesh

27 November 2018

Bangladesh: Saudi Arabian company Engineering Dimensions has expressed interest in building a cement plant at Chhatak in Sunamgan. The company’s president Mohammed N Hijji has met Secretary-in-Charge of the Industries Ministry M Abdul Halim about the project, according to the Financial Express newspaper. Engineering Dimensions says that the country’s high population, local demand and skilled workforce have attracted it to the location.

Published in Global Cement News
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Saudi Arabian cement despatches drop 5.4% so far in 2018

23 November 2018

Saudi Arabia: Cement despatches dropped by 5.4% year-on-year to 37.3Mt in the first 10 months of 2018 from 39.4Mt in the same period in 2017. The local industry’s utilisation rate has declined in consecutive months since October 2017 to just 54.8% in October 2018, according to Aljazira Capital. At the same time clinker inventories increased by 1.6% month-on-month to 41.6Mt in October 2018.

Published in Global Cement News
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Saudi Cement’s sales fall by 5.8% to US$217m so far in 2018

01 November 2018

Saudi Arabia: Saudi Cement’s sales revenue fell by 5.8% to US$217m in the first nine months of 2018 from US$231m in the same period in 2017. Its net profit after tax decreased by 20% to US$73.5m from US$92.2m. The cement producer has blamed falling sales, rising costs and an increase in Islamic finance charges for its declining profits.

Published in Global Cement News
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Al Jouf Cement makes first export to Yemen

01 October 2018

Yemen: Saudi Arabia’s Al Jouf Cement says it has completed its first export to Yemen. It transported 9000t of cement. The financial impact of the shipment will be recorded in its financial report for the third quarter of 2018.

Published in Global Cement News
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