GulfBase Live Support
19/01/2024 06:27 AST
Yamama Cement has hired China National Building Material subsidiary Sinoma Overseas Development to upgrade a production line it is moving from its old plant site south of Riyadh to its new site at Northern Halal in Al-Kharj governorate. The 10,000t/day line will be enhanced to a 12,500t/day line as part of the project. Sinoma Overseas Development general manager Yang Lei re-emphasised the company's commitment to leveraging its technical strengths in both of its on-going projects with Yamama Cement.
The cement company commissioned two production lines supplied by Germany-based ThyssenKrupp with a total production capacity of 20,000t/day in late 2022 at its new plant location to the east of Riyadh. Once the production line from the older Riyadh plant has been moved and upgraded, the Northern Halal plant is expected to have a production capacity of 32,500t/day. Yamama Cement previously shut down five of its older production lines at the Riyadh site in 2017 before saying it was going to sell them in 2019.
Global Cement News
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GulfBase
19/04/2017
Yamama Saudi Cement reported a net profit of SR50.8 million ($13.5 million) during the first quarter of 2017, marking a fall of 66 per cent year-on-year (y-o-y), driven by decline in operating profit
Trade Arabia
26/11/2015
Saudi Arabia's Yamama Cement Company signed an SR4.2 billion contract with Germany's ThyssenKrupp Industrial Solutions here Tuesday night to build two new cement plants. The production facilities wi
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 68.10 | -0.70 (-1.02 |
| SABIC | 58.00 | -0.35 (-0.60 |
| SABICAGRINUTRIENTS | 148.50 | -1.50 (-1.00 |
| YANSAB | 33.62 | -0.42 (-1.24 |
| LUBEREF | 109.50 | 0.00 (0.00 |
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