Skip to main content

Yamama Cement secures financing for new plant

Published by
World Cement,


Yamama Cement has secured SAR1 billion (US$266 million) to fund the construction of a new cement plant, the company said in an announcement to the Saudi Stock Exchange (Tadawul). The plant will have capacity of 20 000 tpd of clinker.

Jeddah-based National Commercial Bank will provide SAR750 million. Riyadh-based Samba Financial Group will provide the remaining SAR250 million.

In November 2015, the Saudi Arabian cement company signed an SAR4.3 billion contract with thyssenkrupp Industrial Solutions for the provision of the plant, which will be built around 80 km east of Riyadh. At the time, it was the largest cement contract secured by the German engineering firm.

Read the article online at: https://www.worldcement.com/africa-middle-east/04012017/yamama-cement-secures-financing-for-new-plant/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 

VDZ moves into new premises and reveals company rebrand

The group moved into its new premises at the beginning of September. The move to the new building has been accompanied by a new VDZ brand identity which can be seen for example on the company’s website or various print media.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Construction news