Displaying items by tag: Saudi Arabia

Saudi Arabia: NCB Capital has predicted a growth in Saudi cement sales of 4% year-on-year to 52.8Mt in 2021. The investment and analyst division of National Commercial Bank described the sector’s outlook as ‘positive,’ due to on-going housing programmes and the Public Investment Fund’s 2021 – 2025 strategy, as well as a pick-up in infrastructure projects.

Saudi Arabia: Saudi Readymix has received its certification from the American Concrete Institute (ACI) to provide ACI certified courses. The courses form a minimum qualification for concrete industry workers.

Saudi Readymix’s Commercial and Technical Director, Chris Leptokaridis said, “We are extremely proud of our research and development facility, it’s important role as a company knowledge hub and testing ground of all our future materials. It is the most advanced and well-equipped research facility of any readymix producer in the Middle East.”

The concrete producer will start accepting candidates for its courses in March 2021. It will offer ACI trainings courses in concrete field testing and concrete strength testing.

Saudi Arabia: Yanbu Cement has started a two months modernisation project on Line 4 at its integrated Yanbu plant. The company said that dispatches would not be affected by the stoppage due to sufficient clinker stocks. Line 5, which represents 60% of the company's total capacity at the plant, will continue production at full capacity.

The cement producer reported that its sales fell by 4% year-on-year to US$251m in 2020 from US$260m in 2019. Its net profit after zakat and tax grew by 9% to US$74.9m from US$68.7m.

Saudi Arabia: Yamama Cement’s sales rose by 10% year-on-year to US$235m in 2020 from US$214m in 2019. Its net profit after zakat and tax grew by 42% to US$96.9m from US$68.3m.

Saudi Arabia: Southern Province Cement has appointed Hamad bin Sulaiman Al-Bazai as the chairman of its board of directors. Other appointments include Muhammad bin Nasser Al Nabit as vice-chairman of the board and Saud bin Safar Al Burgan as secretary.

Saudi Arabia: The Ministry of Transport has granted Najran Cement a licence to launch its own limited liability transportation company. Reuters News has reported that the company is in the process of obtaining the final licence for the launch.

Saudi Arabia: Domestic cement sales in November 2020 were 4.8Mt, up by 17% year-on-year from November 2019. Mubasher News has reported that Saudi cement exports fell by 6% to 179,000t from 192,000t. Clinker exports rose by 85% to 490,000t. The national clinker inventory fell for a seventh consecutive month, to 38Mt.

In November 2020 Saudi Arabia produced 5.0Mt of cement and 4.3Mt of clinker.

Saudi Arabia: Southern Province Cement has appointed Aqeel bin Fateis bin Saeed Kadsa as its chief executive officer (CEO). He was assigned to the position in July 2020. He holds a degree from the King Fahd University of Petroleum & Minerals and joined Southern Province Cement in 1997. Most recently he worked as the Executive Vice President for Manufacturing Services.

Saudi Arabia: Northern Region Cement has begun oil well cement production at its 2Mt/yr-capacity Arar integrated cement plant in Northern Borders Province. Mubasher News has reported that the company will begin sale of the cement in early 2021. The American Petroleum Institute (API) has certified the product.

Saudi Arabia: The 25th Arab International Cement Conference and Exhibition (AICCE) in Riyadh, Saudi Arabia, has been postponed from 1 – 3 December 2020 to a later date to be announced in due course. The cause of the postponement is the impacts of the coronavirus. Arab Union of Cement and Building Materials secretary general Ahmad Al-Rousan said, “For health and safety reasons for all delegates, exhibitors, and speakers, and in order to provide all participants with a reliable basis for planning, we see this rescheduling of the event as the most responsible conclusion.”