Displaying items by tag: Kuwait Cement

Kuwait: Kuwait Cement has made its first delivery of oil well cement to National Petroleum Services. It is producing the product at its Shuaiba plant, according to the Arab Times newspaper. It holds API Monogram licencing from American Petroleum Institute (API) to produce this type of cement.

Kuwait: Several sets of financial results for Kuwaiti cement companies have been released for the year to 31 December 2011.

Hilal Cement has reported that its total revenue increased by 5.8% to US$71.1m and its net profit grew by 70.5% to US$4.4m.

Meanwhile, Kuwaiti Portland Cement saw its total revenue drop to US$174.4m, a drop of 18.4%, with its net profit slumping by 88.6% to US$9.1m.

Kuwait Cement recorded a fifth consecutive year of positive earnings, a 20.8% increase in total revenue to US$215.9m, and a 6.8% improvement in net profit to US$51.2m.