2.14 billion yuan! Sinoma International signed a contract for a 10,000-ton clinker production line project

2025-08-18 09:25:01

The project is located in Buraidah City, the capital of Qasim Province, Saudi Arabia. The contract content is to build a cement production line with a daily output of 10,000 tons of clinker from limestone crushing to cement production and shipment in the existing plant of Qasim in EPC mode. The scope of work includes engineering, design, procurement, manufacture, supply, insurance, delivery, inland transportation, safekeeping, multiple handling and storage of equipment, civil works, mechanical installation, electrical installation, testing, commissioning.

On August 15, Sinoma International announced that the company and its Saudi subsidiary had signed the EPC General Contract for the 10,000T PD Clinker Cement Production Line of Saudi Arabian Qasim Cement Company with Qasim Cement Company. The total contract price is $298 million (about 2.14 billion yuan).

The project is located in Buraidah City, the capital of Qasim Province, Saudi Arabia. The contract content is to build a cement production line with a daily output of 10,000 tons of clinker from limestone crushing to cement production and shipment in the existing plant of Qasim in EPC mode. The scope of

work includes engineering, design, procurement, manufacture, supply, insurance, delivery, inland transportation, safekeeping, multiple handling and storage of equipment, civil works, mechanical installation, electrical installation, testing, commissioning. Among them, the design, procurement and supply contracts executed by the Company amounted to USD201.3 million, and the construction, installation, equipment commissioning and assessment contracts executed by the Saudi subsidiary amounted to USD96.7 million.

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The project is located in Buraidah City, the capital of Qasim Province, Saudi Arabia. The contract content is to build a cement production line with a daily output of 10,000 tons of clinker from limestone crushing to cement production and shipment in the existing plant of Qasim in EPC mode. The scope of work includes engineering, design, procurement, manufacture, supply, insurance, delivery, inland transportation, safekeeping, multiple handling and storage of equipment, civil works, mechanical installation, electrical installation, testing, commissioning.

2025-08-18 09:25:01

Saudi Cement expects pricing pressures to continue due to uneven regional demand. Manufacturers, faced with high overproduction and inventory, compete by cutting prices. Prices fluctuate in different and the same regions, reflecting the imbalance between supply and demand, and low prices promote the transfer of sales. By the end of the third quarter of 2025, the company's market share in Saudi Arabia reached 6%, pushing new high-quality cement. Financially, profit growth in the third quarter was due to price, efficiency and cost control, while revenue growth was due to increased sales of parent and subsidiary companies. Net profit fell 15% in the first three quarters, increased 43% year-on-year in the third quarter, and overall demand increased 12.75% year-on-year.