Cement News tagged under: Egypt

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HAZEMAG & EPR wins three new MEA cement contracts

17 October 2014, Published under Cement News

Materials processing and crushing specialists HAZEMAG & EPR has received a trio of orders in the Middle East and Africa during the third quarter of this year. El Arish's new production line in Egypt In September 2014 HAZEMAG & EPR received an order from the Chinese plant manufacturer CDI for the delivery of components for the precrushing of cement raw material and gypsum for El Arish's new line in Egypt. The new delivery comprises a HPI 2000 impact crusher for crushing 1900tph of limest...

Beni Suef reaches agreement to build coal mill, Egypt

16 October 2014, Published under Cement News

Beni Suef has reached an agreement to build a coal mill worth in 12 months, the cement producer announced in a statement to the stock market. The project, worth EGP200m, will be funded through self-financing and loans, the company added. It is expected to be completed by the end of 2015.

Unitherm has successfully delivered several burners to Egypt

13 October 2014, Published under Cement News

As part of the of the country's fuel diversification, Cemex Egypt awarded Unitherm Cemcon with the delivery of three MAS burners. These burners range from 97-105MW and are capable of firing petcoke/coal, heavy fuel oil, liquid and solid secondary fuels.   After the successful supply of a new rotary kiln burner for Titan Beni Suef kiln 2 last year, Unitherm Cemcon is currently manufacturing another M.A.S. multifuel burner for kiln 1 in the same plant, which will be delivered by the end of the...

Egypt: Suez Cement to close Tourah Factory 1

06 October 2014, Published under Cement News

Suez Cement Co has voluntarily agreed to close its Tourah Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environmental standards. The Egypt-base producer has instead chosen to invest in excess of EGP500m in environmental mitigation measures at its Tourah Factory 2,  local newspaper Al Mal News said yesterday.

Egypt: National Cement swings to full-year loss

03 October 2014, Published under Cement News

National Cement Co swung to a net loss of EGP138.4m (US$19.35m) in the fiscal year ended 30 June 2014 from a net profit of EGP93.5m for the year-earlier period. The pretax loss for the reported 12 months amounted to EGP135.5m, versus a pretax profit of EGP93.31m. The Egypt-based producer attributed the sharp negative change in its financial performance to two main factors: lower production costs of its competitors and discounts prices amid fierce market competition.

South Valley Cement 1H net profit reaches EGP64.9m

25 September 2014, Published under Cement News

Egyptian cement producer South Valley Cement Co said yesterday its first-half net profit increased to EGP64.9m (US$9.07m). In the comparative period of the previous year, the company’s net profit stood at EGP 57.8m.

Suez Cement plant to switch to coal

19 September 2014, Published under Cement News

Italcementi Group is looking to find a long-term solution to the fuel shortage problems it faces in Egypt with its subsidiary Suez Cement. Suez Cement needs to find a reliable fuel source for its cement plants to keep its 18 per cent of local cement sales. The Suez plant will use coal next November, while two of the group’s its other factories in Tora and Helwan will start in two years' time, said Suez Cement Co CEO, Omar Mehanna. “We will begin using coal to generate energy for cement prod...

Beni Suef Cement gas and diesel supply halted

10 September 2014, Published under Cement News

Beni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when energy supply was halted, it had storage and a stock of clinker which prevented the company from being impacted during the period. Petroleum ministry said that the halt was occasional and will be resumed as soon as possible. He said it was not reported to the stock exchange because it did not have an effect at that ...

Cimpor's 1H14 cement sales rise by 10.8%

01 September 2014, Published under Cement News

Cimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t...

Egypt cement volumes hold firm

28 July 2014, Published under Cement News

Egypt’s cement volumes demonstrated resilience over the Jan-May 2014 period with the pricing environment also positive. During the first five months of the year, volumes totalled 21.7Mt – an increase of 1.8 per cent compared to the same period of 2013 which was impacted by interruptions in energy supplies and exceptional political events, writes CM-CIC Securities. Lafarge posted a particularly strong performance, with volumes up by 18.9 per cent (2.5Mt) in the Jan-May period, and by 19...