Cement News tagged under: Egypt

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Arabian Cement Co commissions second line, Egypt

12 June 2012, Published under Cement News

Arabian Cement Company has officially opened its Line No 2 which has doubled the capacity of the plant at Suez to 5Mta. Speaking during the opening ceremony, Jose Maria Magrina, ACC CEO, said: “We are extremely pleased to announce opening our second production line, which will increase our production capacity, bringing us one step closer to becoming among the largest cement producers in the market. We have already finished the commissioning of the second line, and are now ready to produce...

ASEC Cement completes Zahana overhaul in Algeria

25 May 2012, Published under Cement News

Citadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul. “Zahana Cement Company, our key Algerian subsidiary, has just concluded the largest overhaul in the plant’s long history,” noted ASEC Cement CEO Giorgio Bodo. “This substantial intervention will lead to a 20% year-on-year increase in the production of both clinker and cement. Moreover, the deployment of new bag filters as part of the upgrade has dramatically lessened...

Suez Cement strike action, Egypt

21 March 2012, Published under Cement News

Egyptian cement producer, Suez Cement, said that workers in two of its factories started strike action on 14 March. The strike has halted shipping at the Suez and Katamiya plants, although production has not been affected. (Bloomberg)

Qatar National Cement clinker shipment

16 March 2012, Published under Cement News

Qatar National Cement is to conclude a deal this week to import 500,000t of clinker to meet increased cement demand. Bids were submitted to Egyptian and UAE suppliers, according to reports in Al Arab daily.

Suez Cement reports 54% decline in 2011 net profit

24 February 2012, Published under Cement News

Suez Cement of Egypt posted a 54 per cent decline in 2011 due to political unrest and uncertainty.  Net income fell to EGP568.6m (US$94m) from EGP1.24bn in 2010, the company said. With visibility in the Egyptian market still fairly poor, the company said in a statement to the Egyptian bourse: “The outlook is still very uncertain in the current political context and before a stable government can be established.”

Egypt to announce fresh round of licences

15 February 2012, Published under Cement News

A new round of licence bidding for greenfield cement plants in Egypt will get underway within the next three months. A representative of the minister of trade and industry announced that the government will issue 14 licences for the construction of new cement plants, with priority being given to Egyptian bidders.

Suez Cement bag filter project completed, Egypt

09 February 2012, Published under Cement News

Egypt’s Head of Environmental Affairs, Eng. Hossam Hegazy, accompanied by a number of senior officials from his ministry visited on Tuesday, February 7th, 2012, Tourah Portland Cement Company (TPCC), a subsidiary of Suez Cement group of Companies (SCGC) to mark the completion of the project to replace the electrostatic filters in line eight with bag house filters. The project is funded partially with a loan from the Egyptian Pollution abatement Project (EPAP II) of EEAA.??Upon arrival, th...