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19/10/2017 22:21 AST
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.
The delay is "due to the contractor's failure to comply with the timetable," the company said in a release to the Saudi Stock Exchange.
The second-phase of the project - which will see the engineering, supply, and construction of a clinker production line - is still under review, the company added. A decision will be made following the ongoing project study.
This is the latest delay to hit the project, which had been due to start-up in 2Q16. This was later delayed to 1Q17 before the latest push back to the schedule. Chinese engineering company, CNBM, was originally awarded the contract for construction of the mills in April 2015.
Cement World
13/10/2017
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
CemNet.com
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
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
Tadawul
| Ticker | Price | Volume |
|---|---|---|
| ACC | 24.60 | 156,722 |
| QIGD | 1.46 | 715,511 |
| GULFNAV | 6.16 | 4,898,154 |
| UNIKAI | 7.47 | 0 |
| SVCP | 41.20 | 31,066 |
| JOUFCEMENT | 10.38 | 213,145 |
| DALLAHHEALTH | 160.40 | 59,789 |
| Ticker | Price | Change |
|---|---|---|
| SABIC | 73.10 | 0.40 (0.55 |
| MAADEN | 53.60 | 2.20 (4.28 |
| SABICAGRINUTRIENTS | 118.00 | 1.80 (1.54 |
| MARBLEDESIGN | 83.50 | 0.00 (0.00 |
| LIMEINDUSTRIES | 12.18 | 0.38 (3.22 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.