Cement News tagged under: Egypt

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Egypt: National Cement Company to invest in coal usage

21 November 2014, Published under Cement News

Egypt's National Cement Company will invest at least EGP150m (US$20.9m) to convert from the use of gas to coal, according to the company's CFO, Ahmad Saad. Speaking in an interview with Al-Mal newspaper, Mr Saad said National Cement will rerun a tender for the supply of a coal mill as the first effort ended with only one submitted offer. In addition, the company seeks to nearly double its capital to EGP412.8m from EGP206.4m. It plans to use the proceeds from the share issue to pay its...

Arabian Cement to set up Brazilian joint-venture

05 November 2014, Published under Cement News

Egypt-based Arabian Cement Company, announced it will establish a grinding plant in northwest Brazil as part of a joint-venture agreement with local cement manufacturer Cementos Relampago, part of Cementos La Union. The 2.3Mta facility is expected to involve an investment of €23m ($28.7m), of which Arabian Cement will contribute €7m. Arabian Cement added that its contribution represents 60 per cent of the total paid in capital, noting that 50 per cent of the project’s cost will be financed...

Egyptian Tourah Portland Cement net loss widens

04 November 2014, Published under Cement News

Tourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP37.72m versus EGP 20.57m a year earlier and operating loss amounted to EGP37.3m, compared to EGP 15.45m Gross loss came in at EGP16.9m, against EGP 3.56m. Revenue, however rose to EGP259.14m from EGP169.58m in the comparative period of the year before. Last week, parent company Suez Cement reported an increase in t...

Egypt: Suez Cement reports 18.3% rise in 3Q14 EBITDA

31 October 2014, Published under Cement News

Suez Cement Group of Companies (SCGC) reported a 48.2 per cent increase in revenues for the third quarter of this year. EBITDA during the three-month period rose by 18.3 per cent and net profit after non-controlling interest was up by 40 per cent. The Italcementi group company said that for the nine months to the end of September 2014, sales increased 30 per cent while recurring EBITDA was 7.8 per cent higher compared to the same period of 2013. However, higher corporate income taxes coupl...

Suez Cement starts trial production using coal at its Kattameya plant

29 October 2014, Published under Cement News

Suez Cement has started trial production using coal at its Kattameya plant in Egypt. Commercial production is scheduled to start next month, its chairman has said. Preparations for coal usage at the company’s Suez plant are expected to be completed before the end of the year, he added.

Egypt: Arabian Cement’s profit decline 32% in 9M14

24 October 2014, Published under Cement News

Egypt's Arabian Cement made a EGP209.57m (US$29.3m) post-tax net profit for the nine months to 30 September, according to the unaudited standalone financial results. The firm posted EGP309.3m for the same period a year earlier. Cement sales increased 17 per cent to EGP1.78bn, up from EGP1.53bn.

Saudi Arabia: Al Sawfa Cement orders a new EUR100m production line

21 October 2014, Published under Cement News

ThyssenKrupp Industrial Solutions has received an order from Al Sawfa Cement Company, Saudi Arabia, to build a complete cement production line. The order is worth around EUR100m. The new 5300tpd cement clinker production plant will be constructed parallel to the existing line in Jabal Farasan, approximately 150km northeast of Jeddah. The existing cement production line, which was also supplied by ThyssenKrupp Industrial Solutions, has been in operation since 2009. ThyssenKrupp Industrial ...

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...