Saudi Cement records 8.9% rise in 4Q profit
Saudi Arabia’s largest cement company, Saudi Cement, reported an 8.9% rise in fourth quarter net profit, beating analysts’ forecasts.
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Saudi Arabia’s largest cement company, Saudi Cement, reported an 8.9% rise in fourth quarter net profit, beating analysts’ forecasts.
Reports today show the mixed views on the potential merger of the two South African cement companies.
The Kenyan cement company says that SAP HANA® keeps the business running better.
Boldrocchi Ecologia has successfully completed the commissioning and start-up of new air pollution control equipment for Suez Cement’s Sokhna plant.
Two new ETA Coolers have been ordered for El Arish Cement, following the successful operation of two existing coolers from Claudius Peters.
HeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, has applied to IFC for a loan of €11 million to fund the new plant.
A subsidiary of Bamburi Cement has been granted a US$5 million loan, while Athi River Mining is warned against buying land directly from residents in Kitui county.
Local cement sales increased in South Africa in 3Q14, according to reports, while Kenya’s cement industry is seeing the benefit of demand from public and private construction projects.
Beijing Triumph International Engineering Co., Ltd has reportedly completed all activities for civil work, installation of steel structures, equipment installation and electrical installation for the 2 x 5000 tpd cement production lines.
Savannah Cement has confirmed plans to invest more than KES18 billion in the installation of a second milling plant near Kitengela town, Kenya.
CRBC has signed agreements with ARM Cement and Bamburi Cement, and is negotiating supply contracts with other local manufacturers, for the construction of the Standard Gauge Railway.
A draft Cement Industry Development Strategy, prepared by Adama Science and Technology University, has been released by Ethiopia’s Ministry of Industry.