Cement News tagged under: Egypt
Titan: profits decline, other than in the USA28 February 2014, Published under Cement NewsTitan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013 for the company, while the rate of decline in its domestic market of Greece eased. Full-year EBITDA edged ahead by 0.1 per cent to EUR196.0m. Excluding exchange rate movements, turnover would have been ahead by 8.3 per cent and EBITDA by 6.4 per cent. With a 10.7 per cent reduction in the depreciation charge, th... |
ASEC Minya Cement launches sulphate resistant cement18 February 2014, Published under Cement NewsASEC Minya Cement has launched its sulphate resistant cement (SRC) entitled ‘ASEC Al Mokawm.' The SRC type protects concrete from the effects of sulphate salts which are usually found in surrounding environments such as agricultural soil. Use of the cement also results in a reduction of water permeability in the finished concrete product, and thereby a decrease in cracks. Amr Gemeyie, commercial director, said: “The company has launched ASEC Al Mokawm cement to reflect its ability to ... |
Suez Cement inaugurates waste treatment plant17 February 2014, Published under Cement NewsSuez Cement, part of the Italcementi group, inaugurated its first waste treatment plant in Egypt on Sunday with investments totalling around EUR5m. The project is part of the Egyptian-based company's strategy to increase the amount of energy from waste derived fuels. It will use around 45,000t of household waste to produce 35,000tpa of alternative fuel. "The project will use the latest equipment and technologies available in this area," said Egypt's Minister of Environment Laila Eskand... |
Italcementi: only Asia shows sales growth in 201307 February 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co... |
Lafarge awaits gov't decision on petcoke usage, Egypt07 February 2014, Published under Cement NewsLafarge has been ordered by Egypt’s Ministry of State for Environmental Affairs (MSEA) to halt its preparations to build storage units for petcoke, according to a statement by the ministry on Tuesday. The MSEA expects the company to wait for a final decision on the use of petcoke as fuel in its industrial operations. Lafarge submitted a study to MSEA on the environmental impact of petcoke in May 2013 and awaits a government decision on its use. The MSEA does not allow cement factories to i... |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Cemtech Middle East & Africa underway04 February 2014, Published under Cement NewsCemtech Middle East & Africa 2014, the leading international cement conference and exhibition series, has opened in Dubai in front of an audience of over 270 senior industry delegates from 35 countries, including Guest of Honour, His Excellency Sheikh Yaser Al Qasemi, General Manager of Union Cement Company, Ras Al Khaimah, and Chairman of the Cement Producers’ Association of the UAE. Thomas Armstrong, Cemtech organiser, welcomes over 270 industry delegates from across the Middle Eas... |
Egyptian court accepts Assiut appeal21 January 2014, Published under Cement NewsAn Egyptian court has accepted an appeal by Assiut Cement, overruling a decision to annul an agreement under which Cemex acquired a controlling stake in the Egyptian unit. The case has now been referred to an administrative court, a Cemex official has said. In 1999, Cemex bought a controlling stake in Assiut Cement from Egypt’s state-owned Metallurgical Industries Holding Co as part of the government's wider privatisation drive at the time. Two former Assiut employees, who were among wo... |
Helwan Cement Company launches new bag filter system, Egypt25 November 2013, Published under Cement NewsHelwan Cement Company, a subsidiary of Suez Cement Group of Companies (SCGC), has launched its new bag filter system to significantly reduce plant dust emissions. The filter will cut Helwan Cement Company's dust emission rates to a maximum of 10mg/m3, which is lower than current Egyptian and European legal standards, Bruno Carre, chief executive officer of SCGC, stated during an inauguration ceremony for the new installation. Among those also in attendance at the launch were HE Mounir ... |
Egypt: Suez Cement inaugurates Helwan bag filter19 November 2013, Published under Cement NewsSuez Cement's latest investment in a state-of-the-art bathhouse for its Helwan Cement plant underlies the company's continued commitment to sustainable cement production. The opening of the baghouse was greeted by HE Mounir Fakry AbdelNour, Minister of Trade and Industry, Eng Mohamed El Sewedy, Chairman of the Federation of Egyptian Industries (FEI), Eng Tarek Tawfik and Eng Zaki Abdou Bassiouny, the two Deputy Chairmen of FEI, a number of board members of the Federation of Egyptian Industr... |