Manufacturing and Industry
- The news you choose »
- Login to Add to Watchlist
Jordan Lafarge ups cement prices
Jordan Lafarge Cement Factories Co has announced a JD2 per-ton increase in cement prices, state news agency Petra has reported. The kingdom's sole manufacturer of cement has attributed the rise to higher prices of industrial fuel.
EPI to supply metal components to Airbus
Emirates Precision Industries (EPI) has said it will be supplying Airbus with machined metallic components for all Airbus programmes, WAM has reported. The company, a subsidiary of Tawazun Holding Company of the Offset Program Bureau (OPB), and Airbus, have signed the agreement to allow EPI to start to supply the metallic components.
Tabreed posts quarterly profit
Abu Dhabi-based National Central Cooling (Tabreed) has reported Dhs23.6m in Q3 profit, up from Dhs15.5m the utility firm earned a year ago, Reuters has reported. Before minority interests, quarterly profit for the period fell to Dhs23.5m against Dhs24.5m in the year-ago period, Tabreed said in a statement. Profit for the nine month period up to September 30 was Dhs53.7m, up from Dhs49m in the same period in 2008.
Indian firm to build $400m soda plant in Oman
India's Oswal Group Global plans to build a caustic soda plant in Oman's southern port city of Salalah, Reuters has reported. Feasibility study for the $400m plant has been completed and construction of the plant is expected to commence in the fourth quarter of 2010, the firm said.
Arabian Cement inks deal with FLSmidth
Egypt-based Arabian Cement Company has signed a €21m agreement with Denmark-based global engineering firm, FLSmidth for the supply of engineering and equipment for a 360 tonnes per day cement mill and packing plant. The contract comprises all major equipment such as two UMS cement mills and cement silos as well as three cement packing/dispatch plants. Commissioning of the equipment is scheduled to take place by the end of 2010.
Emal's smelter to begin in December
Emirates Aluminium (Emal), the world's biggest single aluminium smelter, has announced that it will begin production next month, Reuters has reported. The $5.7bn project, located at Al Taweelah in Abu Dhabi, will have a full production capacity of 700,000 tonnes of aluminium per year from the first phase, expected to be reached by December 2010.
Almarai to invest $533m in Hail
Saudi Arabia's largest food producer by market value, Almarai Co. has said it will invest SR2bn ($533.3m) to expand the business of Hail Agricultural Development Co. (Hadco) it had acquired recently, according to Arabic al-Eqtisadiah newspaper. The firm would focus these investments on raising Hadco's poultry output fivefolds to an average of 120,000 chicken per hour, Chairman Prince Sultan Mohamed al-Kabeer al-Saud was quoted as saying.
Last giant synthesis reactor in place at Pearl GTL
Qatar Petroleum and Shell have announced the installation of the last of 24 heavy paraffin synthesis reactors at their Pearl GTL project at Ras Laffan, Gulf Times has reported. The project's construction is expected to be complete around Q4 2010 with project ramp-up then taking about 12 months. Heavy paraffin synthesis reactors are the core of the process of turning natural gas into high quality liquid transport fuels, base oils for lubricants, and chemical feedstock.
Iran opens gem cutting plant
Iran's first gem cutting and polishing plant has been commissioned in the city of Shahroud, Semnan Province, Mehr news agency has reported, citing the Islamic Republic of Iran Broadcasting (IRIB). The factory has been built at the cost of $1.2m, IRIB said.
Borouge 3 site preparation contract awarded
Borouge has awarded the contract for the site preparation of Borouge 3 expansion to Al Asab General Transportations and Contracting Establishment of Abu Dhabi. The preparation is estimated to take one year for the expansion of the company's petrochemical complex in Ruwais. The Borouge 3 petrochemical complex includes an ethane cracker, second generation Borstar polypropylene and polyethylene units, a low density polyethylene unit and a Butene unit.
Lecico Q3 profits up 13%
Egyptian ceramics manufacturer, Lecico has said its third-quarter net profit climbed 13% to EGP29.5m ($5.4m), Reuters has reported. Currency gains had helped offset lower sales as tile output was hit by maintenance shutdowns, the firm said. Net sales fell to EGP273.2m this quarter, compared with EGP295.6m in the same period last year.
Motabaqah opens petrochem laboratory
The Saudi Specialized Laboratory Co., (Motabaqah), has announced the opening of its new Petrochemical Testing Laboratory located in the First Industrial City district of Dammam. The new laboratory will enable testing of a wide range of petrochemical products and significantly enhance the firm's capacity to provide high quality testing of products traditionally imported into the kingdom, Motabaqah said in a statement.
Kuwait opens $2bn aromatics plant
Kuwait's Petrochemical Industries Company (PIC) has started operations at a $2bn aromatics plant this week that is expected to reach full capacity by early December, Reuters has reported. The Kuwait Aromatics plant, which has a nameplate capacity of 830,000 tons per year (tpy) of paraxylene and nearly 400,000 tpy of benzene, can produce up to 1 million tpy of light naphtha, and is currently operating at 60%. PIC and Kuwait National Petroleum Company (KNPC) each have a 40% stake in the plant, with Qurain Petrochemical Industries holding a 20% share.
Almutlak plans 2010 IPO
Saudi-based automotive specialist, Almutlak Trade and Industries plans to sell 30% of its shares to the public early next year as part of plans to expand its business, Reuters has reported. The money raised from the IPO will be taken by the existing shareholders while future expansion of the business will be funded from a capital increase, planned one year after listing, the IPO's adviser said. 'The plan is to have it in the first quarter of 2010 but the exact date is subject to the Capital Market Authority's approval,' according to the Financial Transaction House Co.
RAK glass processing plant opens
Global Glass Solution, a regional designer, manufacturer and distributor of glass products, has opened a Dhs100m glass processing facility in the Al Ghail Industrial Park in the emirate of Ras Al Khaimah. The new plant has a 1,000 square metres glass processing capacity per day and will initially cater to markets in the UAE and the GCC region.
It looks like you are using a Mac - check out our 
Web Feeds