Cement News tagged under: Egypt
Arabian Cement announces management changes04 January 2024, Published under Cement NewsArabian Cement Company has announced three management changes. Mutaz Kusai Hassan AlAzzawi has been appointed chairman of the board of directors (non-executive), Saud Abdulaziz Abdullah Al-Sulaiman has become vice chairman (non-executive), while Hani Mohamed Lehji is the new secretary of the board. The appointments were made at the company’s Ordinary General Assembly Meeting on 17 December 2023. |
Arabian Cement subsidiary moves a step closer to gaining waste management approval18 December 2023, Published under Cement NewsEvolve, an Arabian Cement Co (ACC) subsidiary, has successfully conducted a public hearing session, marking the initial step in obtaining environmental approvals from the Ministerial State for Environmental Affairs Agency (EEAA) and Waste management Regulation Authority (WMRA) for waste management. Evolve is the first alternative fuel company affiliated with an Egyptian cement company to secure these approvals, and the milestone was achieved through a comprehensive public hearing on ... |
Sinai White Portland Cement to open first cement terminal at Arish04 December 2023, Published under Cement NewsTranscargo International (TCI), a subsidiary of Abu Dhabi Ports Group, has signed an agreement with Sinai White Portland Cement to build and operate the first bulk cement silo terminal at Arish port in North Sinai, Egypt, to boost exports. According to Mist News, the terminal will have a total capacity of at least 200,000tpa and will include six cement silos with a capacity of 10,000t each, four silos to store grey cement and two for white cement. “This project aligns with our commitme... |
Transcargo International to build cement silos for Sinai White Portland Cement01 December 2023, Published under Cement NewsTranscargo International (TCI), a veteran terminal operator in Egypt, announces the signing of an agreement with Sinai White Portland Cement (SWCC), for the development of Egypt’s first bulk cement silos in Arish Port, marking a significant milestone in the cement industry in Egypt and its export capabilities. SWCC, a subsidiary of the world's largest white cement manufacturer , Aalborg Portland Group (Cementir Holding NV), operates one of the world's largest white cement plants in... |
South Valley Cement sees revenue fall in 9M2323 November 2023, Published under Cement NewsSouth Valley Cement Co has reported revenue of EGP592.5m (US$19.15m) in the first nine months of 2023, down from EGP614.09m in the same period a year earlier. Net losses after tax fell from EGP83.81m in the 9M22 to EGP63.10m in the 9M23, reports Zawya. The loss per share came in at EGP0.13 in the opening nine months of 2023, a YoY decrease from EGP0.17. Revenue in the third quarter of 2023 alone stood at EGP128.49m, down from EGP288.52m in the same period in 2022. Net profit after tax... |
EBRD and A³&Co support Arabian Cement on net zero journey21 November 2023, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) and consulting firm A³&Co ® have joined forces to support Egypt’s Arabian Cement Co in its transition to net zero. According to Zawya, the collaboration aims to develop a decarbonisation roadmap for the cement producer that not only reduces carbon emissions but also lowers costs by accelerating the production of low carbon cement, leveraging A³&Co’s expertise in green cement solutions, and maximising EBRD’s commitment to green in... |
Korea's white cement levy on Egypt begins20 November 2023, Published under Cement NewsSouth Korea’s anti-dumping duty on white Portland cement from Egypt has begun. The 72.23 per cent levy started on 15 November 2023 and will last for four months. The move is designed to protect Korea’s local industry from imports after Korean white cement producer Union filed a complaint to the Korea Trade Commission in March this year against Egypt’s Royal El Minya Cement and Albatros International Cement Trading. Union stated that cheap imports from Egypt were negatively affecting i... |
Egypt: controlling the variables06 November 2023, Published under Cement NewsEconomic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has helped companies return to profitability. However, the long-term sustainability of this strategy remains doubtful. By Abdelkhalek Mohammed, Prime Securities, Egypt. Over the past two decades Egypt’s cement industry has gone from boom to bust to recovery (© givaga) The... |
White cement anti-dumping duties issued in South Korea27 September 2023, Published under Cement NewsSouth Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe came as domestic cement producer Union Corp filed a complaint in March against Egypt's Royal El M... |
Suez Cement rebrands as Heidelberg Materials11 September 2023, Published under Cement NewsSuez Cement Group of Companies (SCGC) has rebranded as Heidelberg Materials, reaffirming its vision to continue to lead the change in the sector towards sustainability and digitalisation, reports Mist News. “Today we merge the legacy of two iconic companies, with almost 100 years of local experience and 150 years of global experience from Heidelberg Materials, to lead the field in driving down carbon emissions, pioneering a circular economy in construction, unlocking new customer bene... |