United Arab Emirates Cement
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News Detail Clinker Grinding Plant
Arabian Cement appoints CNBM in $96.5m deal
Arabian Cement has signed a contract worth $96.5m which will see new cement mills built for a new prodution line at its factory in Riyadh.

The company said the new line will be built by China National Building Materials and will take 13 months to complete. It is due to be operational by the third quarter of 2016. A contract still remains to be signed for building an associated clinker production line.

In the year to December 31, 2014, Arabian Cement Co saw its sales increase by 26% to $458.6m (SR1.72bn). Net profits were up 235% to $172m due to its improved sales, reduced writedowns and better sale prices in the Jordanian market where the firm has an active subsidiary.
UAECEMENT.COM - Apr,11,2015



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