Cement News tagged under: Egypt

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Sinai Cement swings into EGP7.7m 3Q profit

30 November 2016, Published under Cement News

Egypt’s Sinai Cement reported a profit of EGP7.65m in 3Q16 vs a 3Q15 loss of 24.47m. In the first nine months of 2016, the company turned a profit of EGP23.02m (US$426,111), a significantly better result than the previous year when the company reported a loss of EGP53.16m, taking into account minority rights.

Developing AF in Egypt

16 November 2016, Published under Cement News

With the increasing scarcity of natural gas and the hike in gas prices, Egypt’s cement producers are seeking alternative ways of firing their kilns. The availability of MSW and agricultural waste provides a good foundation, but several challenges need to be overcome. By MVW Lechtenberg, Germany. The need for waste management and the development of its related infrastructure provides Egypt's cement industry with an opportunity to support society Cement consumption in Egypt rea...

Egypt: cement plants to use 15% of waste by 2030

02 November 2016, Published under Cement News

The Ministry of Environment's submitted plan that seeks to encourage the increase in waste used as alternative fuel in cement plants to 15 per cent by 2030 has been approved by Egypt’s cabinet, according to the Minister of Environment, Khaled Fahmy. Mr Fahmy told Daily News Egypt that the cabinet had agreed to the plan, adding that discussions are underway with heads of plants to discuss issues they face in using waste as fuel. "The real problems facing investors in the waste recycling bus...

Egypt: Ain Sokhna plant a step nearer to reality

31 October 2016, Published under Cement News

A cement company plans to establish a cement factory on the Ain Sokhna desert road with a 1.5Mta clinker production capacity. Ahmed Abdelmoghny, managing director of Premiere Financial Consultants, said that his company seeks to provide funds worth EGP3bn (US$337m) annually to an undisclosed cement company. Moreover, he said that the cement company will upgrade its existing lines. The implementation period of the project is 24 months following the establishment date, with Mr Abdelmoghny n...

Egypt: ASEC to sell Djelfa plant project

26 October 2016, Published under Cement News

Egypt-based ASEC Group has reached an agreement with Algerian investors for the sale of a part-constructed cement plant site in Djelfa for US$60m. Information regarding the Algerian investors was not disclosed. The realisation of a 3.5Mta plant in Djelfa was launched by ASEC in  2008 with an investment of US$413m, but due to lack of funding the project failed. In 2012 the Minister of Industry revealed that Algerian banks refused to finance the project.

Egypt: mixed 9M16 results for Suez and Tourah

24 October 2016, Published under Cement News

Suez Cement reported a net profit of EGP49.6m (US$5.59m) for the first nine months of 2016. For the third quarter the company saw losses of EGP-66.9m, an increase from EGP-63.3m the previous year. Tourah Cement improved its net loss by 50.4 per cent from EGP-107.203 in 9M15 to EGP-53.149m in Jan-Sep 2016, according to a bourse filing. In the third quarter the company reported a 43 per cent fall in net loss to EGP21.3m, compared with EGP37.4m in 3Q15.

Egypt: manufacturers encouraged to increase AF use

14 October 2016, Published under Cement News

The Minister of Industry and Foreign Trade, Tarek Qabil, announced that the industry has completed a study on the use on alternative fuel sources to fossil fuels in Egyptian cement plants. Mr Qabil said that the ministry plans to boost cement factories’ reliance on alternative fuel sources such as coal by 6.4-30 per cent within the next 5-10 years. He went on to say that the total coal needs of the country’s cement plants are expected to reach 9.7Mta by 2025. Increasing the use of alterna...

Egypt: NCC incurs US$13.5m losses

06 October 2016, Published under Cement News

Egypt’s National Cement Company (NCC) incurred net losses of EGP119.9m (US$13.5m) during fiscal year 15-16, an improvement when compared to the EGP282.5m registered for the previous year. NCC chairman, Saeed Abdel Moty, reported that the company attained revenues of EGP858.8m in FY16-16 versus EGP756.5m a year earlier. Mr Moty added that NCC has recently invested approximately EGP1.0bn in its environmental improvement project.

Egypt: Wadi El Nile Cement to upgrade clinker output

20 September 2016, Published under Cement News

Wadi El Nile Cement Company (WNCC) has given FLSmidth an order to upgrade its plant from 6000 to 7200tpd of clinker. The order is contained within a new five-year maintenance contract with WNCC for its cement plant located approximately 120km south of Cairo. The arrangement is an extension of the original 2010 contract. "The continuation of the contract is visible proof of the successful partnership we have with WNCC. We have now operated their 6000tpd plant for almost five years. The p...

Egypt: FLSmidth awarded WNCC upgrade and operation contract

15 September 2016, Published under Cement News

The Wadi El Nile Cement Company (WNCC) has signed a new five-year contract with FLSmidth that will see the Danish firm continue to maintain and operate a 2Mta plant located 120km south of Cairo. In addition to the operations contract, FLSmidth will upgrade the plant to increase its capacity to around 2.4Mta. The new capacity is expected to come online by mid-2017. FLSmidth Cement Division Group Executive Vice President, Per Mejnert Kristensen, said: “The continuation of the contract is...