Displaying items by tag: Southern Province Cement

Saudi Arabia: Southern Province Cement’s sales revenue rose by 37% year-on-year to US$165m in the first half of 2019 from US$121m in the same period in 2018. Its net profit after Zakat and tax grew by 53% to US$56.3m from US$36.8m.

Bangladesh: Saudi Arabia’s Southern Province Cement has signed a deal with Peakward Enterprises in Hong Kong to export 1.5Mt of clinker to Bangladesh. The first shipment was scheduled to start on 31 December 2018 and they will run until the end of June 2020. No value for the contract has been disclosed.

Saudi Arabia: Cement sales of companies operating in Saudi Arabia recorded an increase of 11.5% in July 2017. Sales rose to 3.49Mt in July 2017, compared to 3.13Mt during July 2016. Cement production in Saudi Arabia grew by 5% year-on-year to 3.37Mt in July 2017 from 3.2Mt, according to Yamama Cement Company.

Southern Province Cement topped the sales list with 409,000t sold in July 2017, although this was 5.32% less than the 432,000t that it sold in July 2016. Yamama Cement was the second most prolific seller, with a year-on-year sales growth of 17.5% to 369,000t from 314,000t in July 2016. Meanwhile, Tabuk Cement registered the lowest sales of 61,000t in July 2017, a 17.6% fall from 74,000t in the year-ago period.

In June 2017 cement companies’ sales in Saudi Arabia dropped by 40.6% year-on-year to 2.08Mt from 3.5Mt in June 2016. This is likely due to the earlier timing of Ramadan combined with temperatures of up to 45°C (113°F), both of which will have significantly reduced demand for building materials.

Saudi Arabia: Southern Province Cement (SPC) has launched trial operations of a third production line at its plant in Tuhama. The new line has 5000t/day of production capacity. The trial period will last about four months.