Displaying items by tag: Saudi Arabia

Saudi Arabia: City Cement recorded a 76% increase in net profit to US$38.4m in 2024, up from US$21.9m in 2023. The company’s revenue grew by 46% year-on-year to US$139m, compared to US$95m in 2023. The increase in sales was attributed to higher sales volumes and an increase in average selling prices. For the first nine months of 2024, City Cement reported a net profit of US$27.4m and revenue of US$96.3m.

Saudi Arabia: City Cement Company has signed an agreement with the National Electricity Transmission Company to build a 106MW transmission station at its Nisah plant. Mist News has reported that electricity transmitted via the station will supplant oil generators at the plant. Construction is scheduled for completion later in 2025.

Saudi Arabia: Eastern Province Cement Company (EPCC) will install two MVR 5000 R-4 vertical roller mills from Gebr. Pfeiffer at its Khursaniyah plant, as part of a new 3.2Mt/yr (10,000t/day) production line. The mills will grind 550t/hr of cement raw material to a fineness of ≤10%R on 90µm.

The MVR mills are expected to improve technical availability, while reducing operating costs and emissions. This project marks the first installation of MVR vertical roller mills in Saudi Arabia and is being managed by Chinese contractor CBMI. Commissioning is scheduled for the second half of 2025.

Saudi Arabia: Cement sales increased by 12% year-on-year in the fourth quarter of 2024, reaching 14.87Mt, Arab News reports. Sales were primarily driven by domestic demand, which accounted for 96% of total sales. Exports contributed the remaining 4%, according to data from Al-Yamama Cement. For the full year, cement sales grew by 3.7% to 51.2Mt.

Al-Yamama Cement led the domestic market in the fourth quarter of 2024, with a 13% share and sales of 1.83Mt, up by 22% year-on-year. Qassim Cement, after acquiring Hail Cement, held an 11% share with 1.63Mt of sales. Yanbu Cement, Southern Cement, and Al Jouf Cement followed.

During the same period, Saudi Cement dominated in exports with 0.49Mt, representing 80% of total shipments and a 71% year-on-year increase. Clinker production grew by 7% year-on-year in the fourth quarter of 2024 to 14.9Mt, while clinker exports fell by 28% to 1.15Mt.

Amr Nader, CEO of cement consultancy A3&Co, said “These figures may not fully align with the anticipated surge in demand from ambitious infrastructure projects. Megaprojects such as NEOM, the Red Sea project, and FIFA World Cup-related developments require vast quantities of construction materials. The maximum anticipated demand in the next five years is 78Mt/yr.”

Saudi Arabia: Northern Region Cement has announced a projected 10% increase in production costs following Saudi Aramco's adjustment of fuel prices.

The company stated that it will explore strategies to mitigate the financial impact, focusing on cost reduction and enhancing production and operational efficiency.

Saudi Arabia: Tabuk Cement has announced a 10% increase in production costs following a fuel price adjustment by Saudi Aramco, effective 1 January 2025. The financial impact will reflect in the company’s results from the first quarter of 2025.

Saudi Arabia: Al Jouf Cement's board of directors has approved the use of its 'green' cement for projects in the new NEOM city. The product was developed in collaboration with ready-mix concrete producer Asas Al-Muhailb, with Al Jouf Cement stating that it enhances concrete performance by improving durability and longevity, and reducing water absorption and permeability. It is reportedly resistance to sulphate and chloride salts, has ‘equal or greater’ compressive strength compared to ordinary Portland cement (OPC), and provides benefits in heat insulation and fire resistance.

Saudi Arabia: Najran Cement Company has launched Wasel, an app for business-to-business cement distribution. Argaam News has reported that users can order and track cement deliveries on the app.

CEO Abdulsalam bin Abdullah Aldraibi said "The development of this system started at the end of 2023 and its modules were gradually launched during 2024 according to the priority of the operational need. Today, all modules of the system have been successfully completed and the system has been linked to other supporting systems such as the vehicle tracking system and the Saudi Public Transport Authority’s Waybill transport issuance system."

Saudi Arabia: Al Jouf Cement Company has signed a power purchase agreement with ENGIE to develop a 22MW solar photovoltaic plant at Al Jouf Cement’s facility in Turaif, Northern Borders Province. The plant will provide on-site power generation and help to decarbonise Al Jouf Cement's operations over the project’s 25-year lifespan. The solar photovoltaic installation will span over 420,000m² and is expected to reduce the plant’s carbon footprint. ENGIE will handle the development, design, construction, ownership and operation of the solar plant.

Saudi Arabia: Yamama Cement Company recorded sales of US$76m and net income of US$26.1m for the third quarter of 2024. This marks a rise of 35% and 140% respectively from US$56.5m in sales and US$10.9m in net income in the corresponding period in 2023.