Cement News tagged under: Egypt

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Egypt: South Valley denounces new capacity project

17 January 2017, Published under Cement News

Three private companies are reported to have gained licences for new plants in Egypt after the latest round of bidding, according to local newspapers in Egypt. The new capacity was reportedly for Elsewedy Cement, Elmasreein Cement and South Valley Cement. However, South Valley Cement has categorically denied the announcement in a statement to the EGX, stating that the claim is totally untrue.   Furthermore, the government has made available several further 2Mta cement plant licences...

Egypt: floating pound sends cement prices skywards

11 January 2017, Published under Cement News

Building materials prices have increased sharply in Egypt since the country floated the pound, according to industry sources. They said the price rise could threaten projects, force contractors out of the market and increase property prices by 30 per cent. The Central Bank of Egypt floated the pound last November to stabilise exchange rates as part of a wider structural and financial reforms programme. The currency has since fallen by more than 50 per cent against the US dollar to EGP18-2...

Egypt: Aumund to supply conveying equipment for six clinker lines

11 January 2017, Published under Cement News

The Egyptian government has signed a contract with Chengdu Design & Research Institute of Building Materials Industry, part of Sinoma International Engineering, to build six clinker production lines with a capacity of 6000tpd each in Beni Suef, Egypt. Aumund Fördertechnik GmbH, in close cooperation with its Chinese subsidiary Aumund Beijing, has won the order to supply the clinker conveying equipment for the project. The identical lines will each be equipped with four BWG belt bucket e...

Egypt: IDA to allow cement producers to pay licenses in installments

05 December 2016, Published under Cement News

The Industrial Development Authority (IDA) is allowing the three winners of last week's cement production license auction to pay license fees in annual instalments, Al Mal reports. A source at the IDA said that the companies will receive their letters of guarantee in full once they begin production and would until then be paid back in tranches of EGP50m as they complete each phase of construction. Cement Egypt’s CEO Ahmed Abou Hashima (who is also CEO of Egyptian Steel) told Al Mal that ...

Egypt: South Valley Cement discusses new Beni Suef line

05 December 2016, Published under Cement News

Ahmed El-Mekati, board member of South Valley Cement Company (SVCC), has said the company is looking into the investment cost of a new 1.5Mta production line, as the cost of importing the production line’s components has increased with the EGP’s flotation. SVCC is due to hold a meeting this month to discuss the launch of the new line and study available financing options. It is compare the value of borrowing from banks and increasing its capital in the stock market. The new line would ...

Egyptian government announces award of three new plant licences

01 December 2016, Published under Cement News

The Egyptian Industrial Development Authority has today announced that three firms have been successful in their bids to build new cement plants, local media reports. The licences, which will permit the construction of new integrated works with between 1.5 and 2.0Mta capacity, were awarded to El Sewedy Cement, South Valley Cement and a third firm, identified in the article as Egyptian Cement. El Sewedy, which currently has around 2.3Mta of cement capacity, will be permitted to build a ...

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...