Fujairah Cement Industries PJSC 2023 IR
The report highlights Fujairah Cement Industries' financial and sustainability performance for the fiscal year 2023. The company reported a net loss of AED 265.5 million, primarily driven by higher production costs from rising coal and fuel prices. On the environmental front, the company reduced its carbon footprint by utilizing 10.84% alternative raw materials and fuels, and generated 19.71% of its power from a Waste Heat Recovery system. Additionally, the company signed an agreement with ThyssenKrupp Polysius during COP28 to further enhance its waste-to-energy capabilities and support the UAE Net-Zero 2050 Strategy.
Company: Fujairah Cement Industries PJSC
Sector: Manufacturing
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 107
Fujairah Cement Industries PJSC
The report highlights Fujairah Cement Industries' financial and sustainability performance for the fiscal year 2023. The company reported a net loss of AED 265.5 million, primarily driven by higher production costs from rising coal and fuel prices. On the environmental front, the company reduced its carbon footprint by utilizing 10.84% alternative raw materials and fuels, and generated 19.71% of its power from a Waste Heat Recovery system. Additionally, the company signed an agreement with ThyssenKrupp Polysius during COP28 to further enhance its waste-to-energy capabilities and support the UAE Net-Zero 2050 Strategy.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities