Cement News tagged under: Egypt

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Suez Cement Group sees 4Q gains

27 February 2015, Published under Cement News

With improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 per cent to EGP6.52m, while recurring EBITDA improved 8.8 per cent to EGP1.154m compared to 2013 fig...

Egypt: ACC secures loan to part-finance expansion

26 February 2015, Published under Cement News

Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of five years, including a one-year grace period. The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity.

Egypt: Qena Cement sees 15.3% rise in net profit

20 February 2015, Published under Cement News

Qena Cement posted a 15.28 per cent rise in 2014 net profit, according a stock exchange filing on Thursday. Full-year profit came it at EGP312.91m (US$41m), up from EGP271.436m a year earlier.

Beni Suef begins construction of coal mill, Egypt

16 February 2015, Published under Cement News

Beni Suef Cement has began the construction of the coal mill worth EGP200m (US$26.3m), to be used as an alternative to natural gas and heavy fuel oil at its cement plant in Egypt. Farouk Mustafa, managing director of the company, said he expects the project to be completed in October, adding that the project is being partly funded through a EGP100m loan with Egyptian Gulf Bank. Mustafa said that using mazut as a temporary measure to prevent natural gas shortages halting production. Howe...

Italcementi saw weaker French and Italian volumes in 2014

09 February 2015, Published under Cement News

Italcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and the turnover from cement and clinker was ahead by 1.0 per cent to EUR2742.9m, with cement volumes improving everywhere but in Europe.  The concrete and aggregates turnover declined by 6.9 per cent to EUR1162.5m as shipments of aggregates declined by 5.6 per cent to 30.8m tonnes and ready-mixed concrete deliveries ...

Egypt: Supreme Administrative Court suspends privatisation appeal

20 January 2015, Published under Cement News

The Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company. The court has ordered that workers are reinstated to the company but has temporarily suspended looking into the privatisation appeal.  The suspension is pending another court decision in a case questioning the constitutionality of a law issued last year, which bans third parties from challenging sales or investment contracts signed betw...

Boldrocchi completes new de-dusting project in Egypt

13 January 2015, Published under Cement News

Boldrocchi Ecologia has successfully completed commissioning and start-up of new air pollution control equipment for Line 1 of Suez Cement's Sokhna plant in Egypt. Mechanical installation was completed in October 2014 and after three months of running since the first start-up, test reports show dust emission levels of <5mg/m3.  The commissioned de-dusting line consists of a kiln and raw mill baghouse filter, clinker cooler heat exchanger and bag filters all withnew exhaust fans. The ...

Egypt: gas supplies to cement plants replaced by fuel oil

13 January 2015, Published under Cement News

Egypt’s decreased gas output is further squeezing fuel supplies to the country’s cement factories. The Egyptian Gas Holding Co (EGAS) has halted gas supplies to cement plants and redirected them to power plants, Daily News (Egypt) reports. The Al-Qatameya, Helwan and Al-Qawmeya plants have been exempted from the gas cuts as they are directly connected to the Abu Gharadiq gas field, according to the report. Their total gas consumption is 61 cubic feet/day. The cement industry’s total gas co...

Suez Cement completes coal trials at Katameya plant

29 December 2014, Published under Cement News

Suez Cement has completed the trial period of using coal to run its Katameya factory and it is now the main source of fuel at the Egypt-based factory, chairman Omar Mohanna announced. TheItalcementi group company is currently operating at 80 per cent of it 1.5Mta capacity compared to 50 per cent during times of natural gas supply shortages. Mr Mohanna told AlMal that the energy mix at the Katameya factory consists of coal (85 per cent), industrial waste (10 per cent) and ordinary energ...

Suez Cement to invest in conversion to coal

17 December 2014, Published under Cement News

Suez Cement, Italcementi’s Egyptian unit, said on Tuesday it planned to spend EGP600m (US$84m) in 2015 on equipping two factories to run on coal. CEO Bruno Carre said in a statement to the bourse the firm would develop its Helwan and Tora 2 factories "to use coal and residues to compensate for the lack of energy supplies." Suez Cement was one of the companies affected when the government cut natural gas supplies to factories in January and has had to import clinker at higher cost.   T...