Saudi Cement has posted a $68.3m (SAR 256m) net profit for the fourth quarter of 2013 – an 8% fall from the $74.1m (SAR 278m) figure it recorded in the same period the previous year. The company attributed the profit drop to a ...
Tags: Cement, Construction, Decoration
Saudi Arabia's cement sector is facing a slowdown in demand due to the knock-on effect that the recent visa crackdown in the Kingdom has had on construction projects. Efforts to boost Saudi employment in the construction sector has led to ...
Tags: Saudi Arabia, cement market, construction projects, shortage of labourers
New construction projects are expected to increase demand for cement in coming months. Sales of cement companies dropped by 17 percent in November 2013 to 3.65 million tons compared to 4.37 million tons in the same period in 2012, local ...
Tags: cement, construction
Saudi Cement Company has announced that a pair of kilns (4 & 5) at its factory in Hofuf, which are currently being upgraded with a view to being reopened during the current quarter, will not now open until the third quarter of next year. ...
Tags: Saudi Cement, kiln, remain, action
Saudi cement firms, Yanbu Cement Co and Saudi Cement Co, have both announced positive results for the second quarter of 2013. Yanbu posted a 26.9% increase in net profit for the period to $73.1m (SAR 274m), up from last year's ...
Tags: Cement, Construction, Decoration
The GCC s cement companies witnessed a double-digit rise in both turnover and profit during the first quarter of 2013 as demand continued to rise. An analysis of the results of the GCC s listed cement companies by Kuwait s Gulf Investment ...
Tags: Cement Sector, Construction
Saudi Cement Co has announced that it has signed a contract with a Chinese firm worth $19.9m to rehabilitate kilns 4 and 5 at its Hofuf factory. The firm said that the deal had been siged with M/S Sinoma Technology & Equipment Group Co, ...
Tags: Saudi Cement, Cement
The Saudi commerce and industry minister, Tawfiq Al-Rabiah has said cement plants in the kingdom should maintain a strategic reserve of the commodity to prevent any future shortage, Saudi Gazette has reported. Cement manufacturer have ...
Tags: Saudi Cement, Cement
c- one of the biggest cement companies in the Kingdom - has announced plans to rehabilitate two kilns at its Hofuf factory. The company, which recently announced a 4.5% increase in first-quarter profits to $90.7m, had already re-opened ...
Tags: Cement, Construction
The Tadawul All-Share Index advanced 0.10% to reach 7,062.98 Wednesday, the last trading day in the Saudi week. The gauge regained its momentum after a brief phase of sideways trading but the index faces a fierce resistance level at 7,150, ...
Tags: Saudi, cement, cement market
Saudi Cement Co has reported a net profit of SR277.7m ($74m) in the final three months of 2012, compared with SR211.4m during the same period the previous year, Reuters has reported. The 31.4% increase was attributed to higher local demand, ...
Tags: Saudi Cement, net profit, operating profit
Saudi cement producers Yamama and Yanbu have reported solid profit growth, though Yamama s profits slipped somewhat in 2012 s final quarter, Saudi Gazette has reported. Yanbu Cement posted a net profit of SR720m ($192m) for 2012, up by ...
Saudi Cement Company has announced that it has recommenced production at three of its older kilns at its plant in Hofuf in a bid to boost capacity in the country. The company, which is based in Dammam, said that kilns 1, 2 and 3 at the ...
Tags: Saudi Cement, Three Kilns, Hofuf, Construction
The Saudi stock exchange s cement index climbed almost 6% yesterday to smash the 4,000 mark for the first time in almost seven months, with some suppliers making the biggest gains of the year. The measure for the companies selling the ...
Tags: Cement, Yamamah Cement, Qassim Cement, Yanbu Cement
Saudi Cement Company, one of the largest producers of cement in the Kingdom, has announced plans to replace three of its existing cement mills with two new lines that have a higher capacity. The three old mills have a capacity of 360 tons ...
Tags: market view, cement