Cement News tagged under: Egypt

RSS feed

Egyptian government to raise mazout fuel prices for cement companies

17 December 2012, Published under Cement News

The Egyptian government is to raise fuel prices for cement companies that use mazout for production by 130 per cent, according to local press. The price hike means that per-tonne mazut prices will rise from EGP1000 (US$162) to EGP2300 (US$373), state reports by Ahram Online. Mazout, the raw material from which diesel is derived, will be sold at the new price to all of Egypt's industrial sectors with the exception of electricity production companies and food industries and bakeries, due ...

Beni Suef resumes production, Egypt

12 December 2012, Published under Cement News

Egyptian cement producer Beni Suef Cement Co has restarted operations as natural gas supplies have resumed. On 6 December it was reported that the company had to suspend operations at four plants for the second time in the last two months due to natural gas shortages. The company had put in requests to President Mohammed Morsy to end the gas shortages and noted that it was unable to import additional supplies due to the lack of strong logistical infrastructure needed to transport energy f...

Egypt: energy shortage stops cement factories

06 December 2012, Published under Cement News

A shortage of natural gas caused four plants belonging to Misr Beni Suef Cement Company to suspend operations for the second time in the last two months. The stoppage has uncured losses of EGP100m and threatens the redundancy of 7000 workers at the factories that produce up to 40,000tpd of cement. “The company has put in a request to President Mohammed Morsy to end the gas shortages, however it has not received a response,” said Farouk Mustafa, Misr Beni Suef Cement Company's managing dire...

Suez Cement to invest US$40m in environmental upgrade and fuel adjustments

22 November 2012, Published under Cement News

Suez Cement is planning to invest around US$40m over the next couple of years to enhance environmental performance at its plants as well as switching partly to coal and refuse, according to Alborsa newspaper.  Suez Cement managing director Bruno Carre said that the company is considering a number of investment opportunities in the Egyptian market in light of recent political and economic developments. In 2012, the company invested around EGP300m while total investments by the parent co...

Cementir's ready-mixed concrete volumes weaken

08 November 2012, Published under Cement News

Cementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m.  The net financial charge declined by 37.4 per cent to €13.9m to give a more ...

ANCC Egyptian plant to begin production in April 2013

07 November 2012, Published under Cement News

The Arab National Cement Company’s (ANCC) 2Mta cement plant in Minya will start full production in April 2013. The cold run phase of the state-of-the-art greenfield project is now in progress, officials revealed as they welcomed the new Minya governor Dr Moustafa Kamel Eissa to the factory. “I was impressed with the progress I saw,” said Eissa. “In addition to providing much-needed employment opportunities, the high-quality Portland grey cement ANCC will produce will capitalize on the ...

Asia and US improvements boost Vicat nine month results

06 November 2012, Published under Cement News

Vicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines.  The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and  40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per...

Egypt cement prices rise

02 November 2012, Published under Cement News

Egypt’s cement market has witnessed an increase of EGP50/t (US$8) resulting in complaints from wholesalers. “Since before the Eid holiday, cement producers have been pressing to increase price per tonne,” cement wholesaler, Khairy El-Batrawy said. Cement wholesalers reported that they received messages from cement producers on Monday, notifying them about the increase. El-Batrawy said that cement producers are using the shortage of natural gas as an excuse to increase prices. Natural g...

Exports to Libya increase value of Egyptian exports

16 October 2012, Published under Cement News

A rise in exports to Libya have driven an increase in the value of Egyptian exports in September 2012 on annual basis for the first time in six months. According to the latest release from the Industry and Commerce on Monday said the increase in the value of construction materials from EGP2.8bn in September 2011 to EGP4.8bn in September 2012 drove the spike. The total value of all Egyptian exports reached EGP11.7bn (US$1.9bn) in September 2012 versus EGP10.17bn in the same month last ...

Govt to appeal court order Assiut Cement renationalisation, Egypt

19 September 2012, Published under Cement News

The Egyptian government plans to file an appeal against a Thursday court ruling renationalising Assiut Cement, Industry and Foreign Trade Minister Hatem Saleh told Ahram Online on Tuesday. Since its privatisation in 1999, Assiut Cement has been 95.8 per cent owned by Cemex. On the sidelines of Tuesday's Egyptian National Competitiveness Conference, Saleh said the government would grant seven new licenses for Egypt-based cement companies once ongoing energy shortfalls were resolved. (...