Cement News tagged under: Egypt
Egypt: signs of stability despite political unrest11 February 2013, Published under Cement NewsDespite recent news reports of political tension in Egypt, there are some positive signs in the country's cement market that demand is recovering after two difficult years. The latest figures indicate that last year cement demand expanded by around five per cent, just surpassing the 51Mt mark, a growth rate not seen since 2009. In 2011, consumption fell 1.7 per cent to 48.69Mt while prices contracted 10 per cent. During these the past two years, the entry of new companies has provided new ... |
Egypt's cement sector faces decline in natural gas supply30 January 2013, Published under Cement NewsIn a filing sent to the Egyptian Exchange, Suez Cement reported that Egypt's cement sector is facing a decline in natural gas supply below normal levels. Nevertheless, it said this has not affected the deliveries at its plants because of the group's strategic inventory of clinker. The Ministry of Trade and Industry announced on 20 January 2013 said that it would hike prices of heavy fuel oil (HFO), for the cement and ceramics industries by 50 per cent to US$225/t from US$150/t. This come... |
Egypt: National Cement denies production stoppage due to high energy prices10 January 2013, Published under Cement NewsNational Cement denied news claiming that company"s operations will be halted due to higher gas and mazout prices. The company added, in a release responding to Egyptian Stock Exchange inquiries that, this news is totally untrue. The company pointed out that, it is studying means of using alternative fuel in production. |
Egyptian government to raise mazout fuel prices for cement companies17 December 2012, Published under Cement NewsThe Egyptian government is to raise fuel prices for cement companies that use mazout for production by 130 per cent, according to local press. The price hike means that per-tonne mazut prices will rise from EGP1000 (US$162) to EGP2300 (US$373), state reports by Ahram Online. Mazout, the raw material from which diesel is derived, will be sold at the new price to all of Egypt's industrial sectors with the exception of electricity production companies and food industries and bakeries, due ... |
Beni Suef resumes production, Egypt12 December 2012, Published under Cement NewsEgyptian cement producer Beni Suef Cement Co has restarted operations as natural gas supplies have resumed. On 6 December it was reported that the company had to suspend operations at four plants for the second time in the last two months due to natural gas shortages. The company had put in requests to President Mohammed Morsy to end the gas shortages and noted that it was unable to import additional supplies due to the lack of strong logistical infrastructure needed to transport energy f... |
Egypt: energy shortage stops cement factories06 December 2012, Published under Cement NewsA shortage of natural gas caused four plants belonging to Misr Beni Suef Cement Company to suspend operations for the second time in the last two months. The stoppage has uncured losses of EGP100m and threatens the redundancy of 7000 workers at the factories that produce up to 40,000tpd of cement. “The company has put in a request to President Mohammed Morsy to end the gas shortages, however it has not received a response,” said Farouk Mustafa, Misr Beni Suef Cement Company's managing dire... |
Suez Cement to invest US$40m in environmental upgrade and fuel adjustments22 November 2012, Published under Cement NewsSuez Cement is planning to invest around US$40m over the next couple of years to enhance environmental performance at its plants as well as switching partly to coal and refuse, according to Alborsa newspaper. Suez Cement managing director Bruno Carre said that the company is considering a number of investment opportunities in the Egyptian market in light of recent political and economic developments. In 2012, the company invested around EGP300m while total investments by the parent co... |
Cementir's ready-mixed concrete volumes weaken08 November 2012, Published under Cement NewsCementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m. The net financial charge declined by 37.4 per cent to €13.9m to give a more ... |
ANCC Egyptian plant to begin production in April 201307 November 2012, Published under Cement NewsThe Arab National Cement Company’s (ANCC) 2Mta cement plant in Minya will start full production in April 2013. The cold run phase of the state-of-the-art greenfield project is now in progress, officials revealed as they welcomed the new Minya governor Dr Moustafa Kamel Eissa to the factory. “I was impressed with the progress I saw,” said Eissa. “In addition to providing much-needed employment opportunities, the high-quality Portland grey cement ANCC will produce will capitalize on the ... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |