13/10/2017 22:08 AST

Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17.

Construction on the project is still ongoing and according to a statement to the Saudi Stock Exchange, the delay is attributed to the contractor who does not commit to the scheduled deadline. The financial impact of the new facility is difficult to determine as it depends on supply and demand in the cement market, said the Saudi cement producer.

Arabian Cement Co signed a SAR362m (US$96.5m) agreement in 2015 with China National Building Material Co (CNBM) to supply electrical and mechanical equipment to the new Rabigh works.


CemNet.com

Further delay to Rabigh plant mill construction

19/10/2017

Commercial start-up of new cement mills at Arabian Cement Co.’s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.

Cement World

Saudi group eyes Al Safwa Cement merger

08/10/2017

Arabian Cement said it has entered into potential merger talks with Al Safwa Cement, a key Saudi-based firm owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Soci

Trade Arabia

Arabian Cement Co announces that The Addition of The Bonus Shares

03/04/2014

Arabian Cement Co.’s EGM held on Tuesday 01/04/2014 has approved the capital increase via bonus shares.Thus, the addition shares have been deposited into the investor’s portfolios and The fluctuation

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