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Displaying items by tag: UAE
Arkan closes Emirates Cement plant
21 March 2017UAE: Arkan has closed its Emirates Cement plant in Al Ain blaming increasing gas and electricity costs. The building materials company temporarily closed the plant in late 2016 but this has now become permanent, according to the National newspaper. Production will move to its newer Al Ain Cement plant that is now running at almost full production capacity. The decision to close the older plant is expected save the company US$12m/yr. The Emirates Cement plant was one of the oldest cement plants in the country with operation since the 1970s.
Gulf Cement receives oil well cement certification
17 February 2017UAE: Gulf Cement has received certification from the American Petroleum Institute to produce oil well cement. Its sales revenue fell by 8% year-on-year to US$153m in 2016 from US$167m in 2015 and its profit fell by 30% to US$13.6m from US$19.4m, according to Mubasher. The cement producer operates a plant in Ras Al Khaimah.
UAE: The Environment Protection and Development Authority (EPDA) of Ras Al Khaimah is investigating unexpected emissions from a cement plant in Khor Khuweir. Resident had reported high levels of dust from the site, according to the Khaleej Times. An initial inspection by the EPDA has blamed the emissions on a blocked filter. It has also ordered the company that runs the plant to conduct an internal investigation and submit a detailed report on the incidents.
Previously the Ministry of Climate Change and Environment had ordered the one-month closure of a cement plant in the same area for breaking emissions rules. The EPDA has since installed surveillance cameras at 20 quarries and six cement units in the emirate.
UAE: Union Cement’s waste heat recovery project has been recognised by the Dubai Carbon Centre of Excellence (DCCE) for reducing CO2 emissions in Dubai in 2016. Local projects under the emirate’s Carbon Abatement Strategy achieved an emissions reduction of 419,500t of CO2 in 2016 saving nearly US$1.4m, according to comments made by DCCE to the Gulf Today newspaper. Other projects that contributed to the saving included the Dubai 13MW Photovoltaic Plant and Dewa Energy Efficient Chillers. The DCCE promotes Dubai’s transition to a low-CO2 green economy and is responsible for monitoring the levels of CO2 emissions in the Emirate.
Gulf Cement Company profit falls 12.7%
15 August 2016UAE: Gulf Cement Company's profit fell by 12.7% year-on-year to US$3.65m in the second quarter of 2016, from US$4.27m in the first quarter of 2015. The decrease was attributed to the negative impact of investments in the first half of 2016.
UAE: India's JK Cement has revealed that its plant in Fujairah, UAE is due to reach full production capacity by 2017. At full capacity the plant will be able to produce 0.6Mt/yr of cement.
The plant is unusual in that it can produce both grey and white cement from the same kiln. The expansion of the UAE plant's production capacity is in line with increased demand for white cement in the Middle East, according to JK Cement’s Ajay Mathur.
Everest fibre cement board plant to open in 2016
29 September 2015UAE: Everest Industries of India is set to start production from its first overseas greenfield facility in the UAE in the first quarter of 2016, according to a company statement.
"The facility will be used to manufacture fibre cement boards and cater to our export markets in West Asia and Africa," said Manish Sanghi, Managing Director. Set up at an investment of US$150m, it will be able to produce up to 72,000t/yr of cement fibre boards.
Ras Al Khaimah Cement reports lower first half profit
07 September 2015UAE: Ras Al Khaimah Cement Company has reported a decline in its net profit for the first half of 2015 to US$0.67m from US$0.86m in the same period of 2014.
RAK Cement repurchases 321,500 shares
19 August 2015UAE: Ras Al Khaimah (RAK) Cement has bought back nearly 321,500 of its shares on the Abu Dhabi Securities Exchange, at prices between US$0.24 – 0.25/share. The number of repurchased shares has reached 9.187 million, while the number of remaining shares amounts 46.7 million. RAK Cement posted net earnings of US$667,002 for the first six months of 2015, compared with US$857,574 a year earlier.
Gulf Cement profits fall by 29.3% in the first half of 2015
03 August 2015UAE: Gulf Cement Company has reported a 29.3% profit drop to US$48.4m in the first half of 2015 compared to US$12m in the same period of 2014. Profits grew to US$4.29m in the first half of 2015 from US$2.53m in 2014. Gulf Cement had previously reported profits of US$4.12m in the first quarter of 2015 compared to US$14.4m in the same period of 2014.