Cement News tagged under: Egypt

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Egypt to postpone the issue of new licences

12 August 2015, Published under Cement News

Egypt’s General Authority for Industrial Development announced it will postpone the issuing of licences to establish new cement factories to review the cement market in Egypt, according to a report in the Egypt Independent.   The authority was planning to issue between 12-14 licences for cement factories during the current fiscal year. Each factory was to produce 1.5Mta in different governorates.   Due to the recession in domestic and global markets, and an increase in the untapped potential...

Fives facilitates Suez Cement's fuel substitution strategy

06 August 2015, Published under Cement News

In the framework of a firing conversion to coal and petcoke, Fives will deliver a new FCB TSV™ classifier to to Egypt-based producer Suez Cement Co for the modernisation of a vertical ball mill and the optimisation of solid fuel grinding plant operations. Through the installation of its high efficiency third-generation classifier, Fives will enable Suez Cement  to increase grinding plant capacity by 17 per cent and consequently increase its fuel substitution rate. The contract includes the...

Egypt: Suez Cement 2Q net profit drops 57%

22 July 2015, Published under Cement News

Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month period declined by 15 per cent due to lower prices and exports. Suez Cement said it was diversifying its energy sources to mitigate the impact of shortages which "affected negatively the company's profits".

Arabian Cement commissions latest AF equipment

30 June 2015, Published under Cement News

Arabian Cement Company (ACC) has completed its latest addition to its alternative fuel processing equipment at its plant in the Suez governorate, as part of the Egyptian cement producer's shift towards diversifying its sources of energy. The HotDisc® combustion device by FLSmidth (Denmark) has been commissioned at ACC Ramliya's plant. The installation is part of ACC's strategy to substitute 100 per cent of its current energy sources with a mix of solid and alternative fuels by the end of 2Q...

Amreyah Cement Co awards coal mill contracts to Christian Pfeiffer

29 June 2015, Published under Cement News

Christian Pfeiffer Maschinenfabrik signed a contract for the delivery and construction of two complete coal mills on 3 June 2015 at the head offices of Amreyah Cement Co, a member of InterCement, in Alexandria, Egypt. The contract will be implemented as a turnkey project, meaning that Christian Pfeiffer Beckum (CPB) will be responsible for the engineering, delivering all equipment and organising the construction work in Egypt. Signing the contract for two turnkey coal mills at ...

Egypt: Arabian Cement launches social start-up programme

18 June 2015, Published under Cement News

Arabian Cement Company (ACC) announced  the launch of its social start-up programme, “Khaleeha Suessi”, helped by Nahdet El Mahrousa (NM), an incubator of early-stage social enterprises in the MENA region. The programme aims at promoting positive social impact and employment opportunities by providing entrepreneurs with the tools needed to successfully establish their own social startups. The launch press conference was attended by Jose Maria Magrina, ACC Chief Executive Officer, and Loay El...

Qalaa Holdings topline growth boosted by ASEC Cement's Sudan subsidiary

15 June 2015, Published under Cement News

Qalaa Holding reported a 43 per cent rise in revenue for the three months to the end of March 2015 to EGP1947.5m and an eight-fold surge in EBITDA growth to EGP275.8m. The company said topline growth was driven mainly by operational improvements at subsidiary ASEC Cement’s Al-Takamol works in Sudan, which recorded revenue growth of 157 per cent or an EGP131.7m increase over 1Q14. Furthermore, Qalaa’s core platform company TAQA Arabia also saw revnues increase by 57 per cent to EGP526.5m i...

Arabian Cement Co 1Q revenue rises 11% YoY

03 June 2015, Published under Cement News

Arabian Cement Company (ACC) said first-quarter revenue increased by 11 per cent to EGP585m (US$76.6m) compared to EGP529m a year earlier. The advance was mainly attributed to a 13 per cent increase in volumes as prices slip over the period. However, net profit dropped 52 per cent YoY to EGP56m, while the net profit margin was down 12 points to 10 per cent, the company in a statement. ACC said the EBITDA stood at EGP184m,19 per cent below than EGP227m in the corresponding period of last...

Lafarge Industrial Ecology signs two agreements to manage RDF platforms in Egypt

01 June 2015, Published under Cement News

Lafarge Industrial Ecology (ECOCEM) has signed two major contracts to manage and operate existing refuse-derived fuel (RDF) platforms in Suez and Qalyubeya, Egypt. In an effort to continue its efficient waste management processes, the company has signed a 10-year agreement to renovate and upgrade the platforms in Suez, and another separate 10-year agreement to manage and operate the existing platforms in Qalyubeya. Lafarge ECOCEM has already added a new production line in the Suez plat...

Titan achieves better results in USA and Greece

08 May 2015, Published under Cement News

Titan's first-quarter turnover improved 12.7 per cent to EUR283.8m and EBITDA declined by 23.7 per cent to EUR23.2m. The company posted a pretax profit of EUR7.6m versus a loss of EUR9.7m a year earlier, while the net attributable profit of EUR6.6m compared with a loss of EUR11m. Net debt at the end of March, however, was up by 22 per cent to EUR660m, giving a gearing level of 42.2 per cent, compared with 38.5 per cent a year earlier. Group cement shipments increased by four per cent t...