Najran Cement has announced that it is to shut down its second production line in order to carry out scheduled maintenance. The company, which has closed down its first line twice this year for maintenance and upgrade works, said that the ...
Tags: Cement, Construction
Najran Cement Company has said that its profits for the second quarter of 2013 increased by 140% year-on-year to $17.3m, while profits for the half year were up by 41% to $40.3m (SR: 151.2m). The company said the reason for the ...
Tags: Construction, Decoration, Cement
Major infrastructure projects and extensive plans to galvanise residential construction have fuelled demand for building materials in Saudi Arabia, prompting the government to intervene in the cement market for the second time in as many ...
Tags: Cement, Construction, Decoration
According to Arab News, the Saudi Arabian Ports Authority has announced that the commercial ports are now ready to receive cement and clinker. The announcement follows King Abdullah s decree last month, which ordered the import of 10 ...
Tags: Clinker Imports, Cement
Najran Cement Company has announced that it has signed a three-year contract with Chinese company CEIC to operate and maintain its third production for a three-year period. The new line, which is still being built, is expected to come ...
Tags: Najran Cement, Cement
Najran Cement has agreed a deal to buy a 30% stake in Projects Supply Company - a transport and logistics specialist. The cement producer has said that the deal will allow it to better serve its own customer base as well as allowing it to ...
Najran Cement, one of the newest cement companies quoted on Saudi Arabia s stock exchange, recorded a 14% decline in profit for 2012 of $53.9m (2011: $62.6m), according to newly-filed figures. The company blamed the drop on a number of ...
Tags: Najran Cement, Saudi Arabia, cement industry
Najran Cement Co has announced that it is shutting down its No.1 production line for 23 days from 9 Febroary in order to carry out maintenance work. The company said it was "premature to determine the financial impact" of the shutdown, ...
Tags: Najran Cement Co, cement, cement market
Ernst & Young has said regional companies have raised a total of $1.29bn through five initial public offerings (IPOs) in the second quarter of 2012, Oman Daily Observer has reported. A total of $1.37bn was raised in the IPO markets by ...
Tags: market view, cement
The Saudi Arabian Tadawul All-Share Index rose one percent Tuesday, as oil prices climbed above $92 per barrel. Najran Cement, which was listed on May 12, was the most liquid share and posted the biggest day gain (up 4.56% at SR22.95). ...
Tags: market view, cement
Ahmed Zigail, the chief executive of Saudi-based Najran Cement Co has said the volume of cement production in the kingdom is expected to touch 56 million tonnes in 2013, when demand is set for 60 million tonnes compared to the production ...
Tags: market view, cement