Friday 1 July 2016
 
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cement

Saudi cement sector under pressure, sales down 6pc

The cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i

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Saudi cement sector under pressure, sales down 6pc

The cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i

More…

FLSmidth to build cement plant worth $223m in Algeria

Denmark-based FLSmidth has signed an engineering, procurement and construction (EPC) contract with SARL Amouda Engineering worth €200 million ($223.8 million) for the supply of a greenfield cement plant in Algeria. The plant

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Energy price hike to cost Saudi Cement $18m

Saudi Cement Company expects the fuel and electricity price hikes announced in the 2016 government budget to increase its production costs by SR68 million ($18.1 million) next year, it said in a bourse statement on Wednesday. The

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Energy price hike to cost Saudi Cement $18m

Saudi Cement Company expects the fuel and electricity price hikes announced in the 2016 government budget to increase its production costs by SR68 million ($18.1 million) next year, it said in a bourse statement on Wednesday. The

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Saudi Cement to write off unused kilns for $17.6m

Saudi Cement Company will take an impairment charge of SR66.2 million ($17.6 million) in the fourth quarter of 2015 as it writes off the value of two kilns that will remain out of operation indefinitely, it said on Tuesday. Due to

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Saudi Cement to write off unused kilns for $17.6m

Saudi Cement Company will take an impairment charge of SR66.2 million ($17.6 million) in the fourth quarter of 2015 as it writes off the value of two kilns that will remain out of operation indefinitely, it said on Tuesday. Due to

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Saudi may lift cement, steel export curbs

Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website Al-Eqtisadiah quoted a customs department official as saying on Sunday. Saudi government

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Saudi may lift cement, steel export curbs

Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website Al-Eqtisadiah quoted a customs department official as saying on Sunday. Saudi government

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Yamama, ThyssenKrupp sign $1.1bn plant deal

Saudi Arabia's Yamama Cement Company has signed a SR4.2 billion ($1.12 billion) contract with Germany's ThyssenKrupp Industrial Solutions to build a new cement plant, the company said in a statement on Wednesday. The new p

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