Cement News tagged under: Egypt

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Sinai Cement sees net sales fall in 1Q24

03 June 2024, Published under Cement News

Sinai Cement saw its consolidated net sales fall to EGP1.16bn (US$24.5m) in the first quarter of 2024 (ended 31 March). This compares to EGP1.24bn in the same period a year earlier. Consolidated net profit in the 1Q24 came in at EGP30.11m, versus a net loss of EGP58.47m in the 1Q23. Earnings per share in the three-month period stood at EGP2.26, against a loss of EGP0.44 in the same period a year earlier, reports Zawya.  On a standalone basis, net profit in the first three months of 2024...

Cementir's 1Q24 regional market update

13 May 2024, Published under Cement News

Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq...

RHI Consultancy is awarded a contract with SESCO for Amreyah Cement

23 April 2024, Published under Cement News

On its 20th anniversary, Reliance Heavy Industries (RHI) has been awarded a consultancy contract with SESCO Cement for the upgrade of Amreyah Cement Co Line 2. The RHI team will provide its comprehensive expertise in consulting services, including project management, engineering review, site supervision throughout the construction and commissioning phases, plant PGT, and finally handing over from the nominated turnkey contractor to the renowned owner. RHI is proud of its cooperation wi...

Sinai Cement sees sales surge in 2023

04 April 2024, Published under Cement News

Egypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after tax of EGP121.42m was seen in 2023, down from EGP330.41m in 2022, while the loss per share of the holding company fell from EGP2.48 in 2022 to EGP0.91 in the following year.  On a standalone basis, the net loss after tax contracted from EGP319.8m in 2022 to EGP117.58m in 2023. 

Arabian Cement awarded three EPDs

22 March 2024, Published under Cement News

Arabian Cement Co has been awarded the Environmental Product Declaration (EPD) certificate for three of its key products – clinker OPC, CEM II/A-P 42.5N, and CEM I/42.5N. “This certification positions us as one of the industry pioneers in our commitment to the latest sustainability approaches. The EPD signifies our dedication to environmental responsibility throughout our product lifecycle by measuring our product footprint from cradle to gate,” said the company in a statement. “We are ...

Misr Cement becomes an exclusive agent for MAN in south Upper Egypt

18 March 2024, Published under Cement News

Misr Cement Maintenance has collaborated with Kastour Egypt for Trade and Industry, the exclusive agent of the International German truck brand MAN along with other brands. The agreement was signed by Kastour Egypt for Trade and Industry, represented by Eng Kastour Mamdouh Kastour, chairman and managing director, and Misr Cement Maintenance, represented by Eng Bassam Abdel Rasoul, group chieft echnical officer. Misr Cement Maintenance's centre is now the authorised service and mainte...

Misr Beni Suef Cement announces return to profitability in 2023

12 March 2024, Published under Cement News

On 7 March 2024, Misr Beni Suef Cement Company SAE (MBSC) reported that it made a net profit of EGP369.102m (US$7.520m) after tax in 2023. This comes after they reported net losses of EGP145.945m in 2022. In 2022 the company reported sales of EGP1.844bn. Over the same period in 2023, MBSC’s sales grew to EGP2.023bn. The company’s return to profitability, following a year of net losses, could be attributed to its 9.7 per cent sales growth in 2023. MBSC is an Egypt-based cement produce...

Arabian Cement Company sees profits surge in 2023

07 March 2024, Published under Cement News

Egypt's  Arabian Cement Company has reported net sales of EGP5.93bn (US$119.67m) in the year ended 31 December 2023, up from EGP4.55bn in the same period in the previous year. Gross profit advanced from EGP904.85m in 2022 to EGP1.33bn the following year. Net profit for the year after tax improved from EGP342.5m to EGP688m over the same timeframe, while earnings per share increased from EGP0.89 to EGP1.79.  The company currently has a cement production capacity of 5Mta and a clinker ca...

Misr Cement appoint new CEO and MD

07 February 2024, Published under Cement News

Mr Hassan Gabry has been appointed the new CEO, managing director and member of the Board of Directors at Misr Cement Group , effective from February 2024. Mr Gabry brings over 30 years of distinguished professional experience in commercial operations and business functions, with a significant focus on the cement industry spanning approximately 20 years. He has held key leadership and executive roles in major multinational companies across various continents.  With his extensive backg...

Geocycle Egypt completes new SRF platform

25 January 2024, Published under Cement News

Geocycle Egypt has launched its SRF hub, giving it precise control over the quantity and premium quality of alternative fuel at 15MJ/t RDF, adhering to our specifications and standards. According to Operations Manage Mina George, the platform will decrease Geocycle’s carbon footprint by 350,000t CO 2 in 2024. Using the CHF10m (US$115.8m)   investment in the state-of-the-art platform with a production capacity of 250,000t SRF in addition to the other seven alternative fuel streams.  P...