Cement News tagged under: Egypt
ASEC Cement completes Zahana overhaul in Algeria25 May 2012, Published under Cement NewsCitadel 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, Egypt21 March 2012, Published under Cement NewsEgyptian 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 shipment16 March 2012, Published under Cement NewsQatar 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 profit24 February 2012, Published under Cement NewsSuez 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 licences15 February 2012, Published under Cement NewsA 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, Egypt09 February 2012, Published under Cement NewsEgypt’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... |