UAE: 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.
Gulf Cement receives oil well cement certification
Written by Global Cement staff
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