Wednesday 27 August 2014
 
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cement

Saudi imports $200m worth of cement

Saudi Arabia has imported 3.1 million tonnes of cement worth SR750 million ($200 million) in the past nine months, said a report. Data released by the Customs Department said that the rise in cement imports is due to the increased

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Raysut Cement appoints new CEO

Oman's Raysut Cement has appointed Salem Alawi Mohammed Baabood as chief executive, the company said in a bourse statement on Wednesday. The sultanate's largest cement firm by market value reported flat first-quarter profi

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Cement giants in key merger talks

The world's two largest cement makers, Lafarge and Holcim, are in advanced talks to merge into a company with a stock market value of more than $50 billion in what would be the industry's biggest ever tie-up. The discussio

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Global demand for cement to hit $21bn

The global demand for cement and concrete additives is projected to increase 9.3 per cent annually to $21.2 billion in 2017, said an expert.   Mike Richardson, an analyst, said: “Although growth in world ce

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Asec Minya launches sulphate-resistant cement

Asec Minya Cement has launched its sulphate resisting Portland cement product ‘Asec Al Mokawm,’ which protects concrete from soil’s sulphates. The cement is considered a breakthrough in the construction field giv

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Bahrain cement firm wins ISO certification

Falcon Cement Company (FCC), the first Bahrain-based fully integrated cement producer, said its systems have been approved for ISO 9001 Quality Management System Certification by the prominent Belgian accreditation company, Bureau Veritas.

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Indian cement firm to sell facility for $594m

India's Jaiprakash Associates has agreed to sell its cement plant in Gujarat state to UltraTech Cement for around 38 billion rupees ($594 million) including debt. UltraTech, the country's largest cement maker by production

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Asec Cement consortium wins Muthanna deal

A consortium of Asec Cement and Iraq’s Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement Plant for 14 years. Muthanna Cement, located between Najaf and Basra in southern Iraq, is one of seven p

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Saudi stocks surge to four-week high

Saudi stocks surged to a four-week high helped by gains in petrochemicals stocks with the kingdom's benchmark all-share index closing up 0.2 per cent at 7,220.42 points, its highest level since April 13. The banking index clos

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Saudi soars on banking, cement stocks

Saudi shares rose on Saturday, buoyed by stock in banking, cement, tourism and agriculture companies. The petrochemical index, seen as one of the most important, declines. The all-share index rose 0.31 per cent to 7,143 points, wh

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