A pair of cement manufacturers from the United Arab Emirates have reported significantly improved results for 2012 on the back of a strengthening marketplace.
Ras Al Khaimah Co for White Cement & Construction Materials reported a 7% increase in sales to $116.4m (AED: 427.4m).
The company s net profits dropped by 44% ro $10.3m, meanwhile, and its current liabilities increased by 32% to $52m.
A director s report accompanying the accounts attributed this to spending on projects such as the construction of its new construction line and the upgrading of a third kiln used for white cement.
The new production line, which has just been inaugurated by chairman Sheikh Ahmed bin Humaid Al Qasimi , will boost RAK White Cement s production capacity by 100%.
The total production capacity of clinker will now rise to around 580,00 tonnes a year.
Source:
http://www.uaecement.com/newsDetail.aspx?id=819
