Cement News tagged under: Egypt

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Suez Cement to build Egypt’s first cement WHR

28 June 2022, Published under Cement News

Egypt-based Suez Cement is preparing to commission the country’s first waste heat recovery (WHR) facility in a cement plant by 2023. The project aims to reduce the plant’s carbon emissions by approximately 40,000tpa. By Omar Korshid and Ossama Abdel Wahid, Suez Cement, Egypt. Suez Cement aims to significantly reduce carbon emissions by installing a WHR system at its Helwan plant, Egypt To support Egypt’s national emissions strategies to 2050, domestic cement producer Suez Cement...

Egypt: glimmer of hope

27 June 2022, Published under Cement News

Plagued by oversupply, soaring energy prices and a lack of competitiveness overseas, 2021 was a challenging year for the Egyptian cement sector. However, following government intervention, there is a light at the end of the tunnel as cement prices begin to rise, post-pandemic demand picks up, and balance sheets return to better health. By ICR Research, UK. Egypt’s capital, Cairo, is expected to see its 22m population double by 2050 and the government is investing US$40bn in a New A...

Misr Cement (Qena) approves operations and maintenance programme

20 June 2022, Published under Cement News

The board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). The factory was managed by Arab Swiss Engineering Company (ASEC) under an agreement that ends ion 30 June 2022.   On 16 May Misr Cement (Qena) reported a 106 per cent YoY increase in consolidated profit attributable to controlling shareholders during the 1Q22, recording EGP59.631m (US$3.18m).

Suez Cement awards WHRPG project to Korra Energi

15 June 2022, Published under Cement News

Korra Energi has been awarded a new strategic, 'Waste Heat Recovery for Power Generation (WHRPG) project at Helwan Company ( Suez Cement Group), which is affiliated with HeidelbergCement Group . Korra Energi was pleased to take the lead with such an environmental and eco-friendly and Energy Efficiency application, as it is the first of its kind to be applied in Egypt for the cement industry. Korra Energi has taken charge of the design and build of the project where wasted heat generat...

Sinai Cement reduces 1Q loss

01 June 2022, Published under Cement News

Egypt-based Sinai Cement , owned by Vicat , has posted consolidated net losses after tax of EGP67.19m (US$3.6m) in the first quarter of 2022, an improvement when compared with the year-ago period when losses reached EGP147.97m. Standalone losses were reduced YoY to EGP66.25m from EGP146.23m. Revenues increased to EGP475.57m in the 1Q22 from EGP282.62m in the 1Q21, according to a bourse filing on 31 May.

Misr Beni Suef Cement sees profits surge to EGP48m in 1Q22

31 May 2022, Published under Cement News

Egypt-based Misr Beni Suef Cement reported net profits after tax of EGP47.65m (US$2.56m) in the 1Q of 2022, up from EGP37.42 in the 1Q21. The company’s revenues advanced to EGP436.38m in the 1Q22from EGP255.92m in the year-ago period, according to a bourse disclosure on 30 May 2022.

Lafarge Egypt and Lumika sign US$93m solar power pact

16 May 2022, Published under Cement News

Holcim-owned Lafarge Egypt has signed a US$93m long-term agreement with Lumika Renewables Egypt, part of the AP Moller Egypt, to generate 140GWh of solar energy annually, according to Mist News. The two companies will establish a new 50MW power plant – the first plant owned by Lumika in Egypt. The plant will enable Lafarge to use clean energy for 50 per cent of its cement works’ energy consumption. The agreement comes into force by the first quarter of 2024.

Vicat Cement Egypt's acquisition of Sinai Cement approved

14 April 2022, Published under Cement News

The Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement Co at EGP6.74 (US$0.36) per share, according to a filing to the Egyptian Exchange (EGX). Vicat will buy 56.064m shares in Sinai Cement, increasing its stake in the company to 100 per cent.

Titan Cement introduces digital transformation to Egyptian plants

04 April 2022, Published under Cement News

Titan Cement ’s in-house proprietary advanced analytics methodology has been successfully rolled out in the company’s two cement plants in Egypt , following the successful implementation in Titan’s cement plants in Greece. In close cooperation with Titan’s Digital Center of Competence and, after a deep ‘dive’ into 16 years of data, the company’s teams teams in Beni Suef and Alexandria cement plants have applied the methodology that enables the company to minimise the total cost of s...

Sinai Cement reports higher sales, narrow loss in 2021

04 April 2022, Published under Cement News

Egypt-based Sinai Cement Co , owned by Vicat , reported a 61.9 per cent increase in sales to EGP1.44bn (US$78.8m) in 2021 when compared with 2020 when the company sold to a value of EGP889.2m. The company also narrowed its loss to EGP354m in 2021 from EGP560.3m in 2020.