Displaying items by tag: Saudi Arabia

Saudi Arabia: The volume of cement exports fell by 55% to 245,000t in the first nine months of 2013, compared to 547,000t of exports in the same period of 2012. The Saudi cement firms imported around 39,000t of cement and 1,925,000t of clinker in the same period. During the first nine months of 2012, 399,000t of clinker was imported.

In April 2013 King Abdullah ordered 10Mt of cement imported to meet the growing demand due to the expansion of development projects and government-led infrastructure projects. Cement was exclusively exported by Saudi Cement Co. (SCC), the Eastern Province Cement Co. (EPCC) and Riyadh Cement Co. (RCC), whose exports reached 123,000t, 82,000t and 40,000t, respectively.

Saudi Arabia: Hail Cement Company has announced that a scheduled shutdown for its production line for kiln and raw mill maintenance will run from 26 October 2013 to 11 November 2013. The cement mills and packing plant will remain operational throughout this period. The financial impact this shutdown will be reflected in the income statement for the fourth quarter of 2013. The company's commitments to its customers are not expected to be effected.

Saudi Arabia: Al Jouf Cement has announced in a bourse filing it had signed an agreement with Saudi Arabia's largest Islamic bank, Al Rajhi Bank, for a US$107m loan to partially finance the construction of a second production line. The loan is to be repaid by June 2019.

Al Jouf Cement has a cement production capacity of 1.75Mt/yr or 5000t/day. The company's products include Ordinary Portland Cement and sulphate resisting cement.

Saudi Arabia: Al Jouf Cement has shut down its production line for unscheduled maintenance until 5 October 2013. In a bourse statement the Saudi Arabian cement producer said that the shutdown will cost US$4.8m and that it will not impact its ability to meet contractual obligations to clients. In June 2013 the cement producer closed its production line for two weeks for unscheduled maintenance.

Saudi Arabia: Al Jouf Cement has appointed Eissa Baissa as director general, effective from 15 September 2013.

Prior to joining Al-Jouf, Baissa was general manager of one of the cement companies operating in Saudi Arabia, Al-Jouf said without disclosing the name of that company. Al-Saleh has a Bachelor Degree in mining engineering from King Abdullah University of Science and Technology, and a Ph.D. in business administration from University of Atlanta, Georgia, USA.

Saudi Arabia: Tabuk Cement Company has reported a net profit of US$28.5m for the first half of 2013, a slight rise from US$28.2m in the same period in 2012. Tabuk Cement attributed the rise to rationalisation of expenses. The cement producer's operating profit fell by 3% year-on-year to US$28.1m from US$29.0m.

Saudi Arabia: The management board of Najran Cement has approved the appointment of Mohammed bin Mani bin Sultan Aba al-Ala as board chairman and managing director, with a three-year term. The company also named Daifullah al-Ghamidi as deputy board chairman.

Saudi Arabia: Tabuk Cement Company has announced the resignation of its director general Isa bin Baissy. He will work at the cement producer until 9 September 2013. His successor, Ali bin Mhmiaa Asmari, has worked with the company since 1996 as head of quarries, then director of the cement plant and deputy general manager.

Saudi Arabia: Saudi Cement Company has reported a 5.9% year-on-year increase in its second-quarter net profit. It identified a rise in local demand for cement as among the reasons for the improvement.The company posted a second-quarter net profit of US$81.7m compared to US$77.3m in the same period in 2012. Net profit for the first six months of 2013 was US$172.5m, a 5% rise compared to the first half of 2012.

Meanwhile, Yanbu Cement Co's first-half net profit rose by 44.7% year-on-year to US$138.9m, thanks to higher production and sales volumes supported by the start of its kiln line No 5 in 2012.

Saudi Arabia: Saudi cement producer Najran Cement has announced that it has shut down production line one for scheduled maintenance, which will take 25 days to complete. Najran Cement said that the shutdown will cost US$1.3m.

The company recently announced it was ready for trial operations at its third production line. The new production line will have a capacity of 6500t/day.