Cement News tagged under: Egypt

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Alexandria Cement reports increasing losses in 2017

07 March 2018, Published under Cement News

Egyptian cement producer Alexandria Cement reported a consolidated net losses of EGP513.85m (US$ 29.13m) , when compared with net losses of EGP50.86m in 2016. The company’s standalone net loss in 2017 also widened from EGP187.48m to EGP301.79m during the same period.

Sinai Cement swings into the red

07 March 2018, Published under Cement News

Sinai Cement, Egypt, incurred consolidated net losses of EGP352.48m (US$19.99m) in 2017 from a net profit of EGP14.64m in 2016. Its standalone net results showed a net loss of EGP354.74m in 2017, following on from net profits of EGP13.47m the previous year, according to Arab Finance.

LafargeHolcim announces new Middle East/Africa organisation

06 March 2018, Published under Cement News

LafargeHolcim has announced its new organisation for the Middle East and Africa region. "This new organisation will further increase our market focus, our operational performance and support the development and execution of winning market strategies to grow profitable businesses in the Middle East & Africa markets," said Saâd Sebbar, who heads up the company’s MEA Region. The company’s four largest markets will report directly to Mr Sebbar and include the following Country CEO appointment...

National Cement posts net loss in 1HFY18

31 January 2018, Published under Cement News

National Cement has announced that its losses increased during the first half of FY18, ended December 2017. The loss increased by 136.7 per cent, to EGP496m (US$28m) from EGP209 of the year-ago period, according to Egypt Today. The unaudited results also showed a fall in revenue to EGP726m, compared to EGP940m recorded in the 1HFY17. The company also stated that it was expected to record profits of EGP17.7m for FY18. However, the present situation suggests that National Cement may post a ...

National Co for Cement to avoid losses by coal mill

22 January 2018, Published under Cement News

To help reduce the losses recently incurred by Egypt-based National Co for Cement, its new Chairman, Emad el-Din Mustafa has said the company will purchase a coal mill. The US$250m will reduce the cement company’s reliance on gas, which deepens the losses to more than US$3m YoY, according to Mr el-Din Mustafa. The company will also focus on training and updating workers’ efficiency, he added.

Lack of uptake of Egyptian cement licences

18 January 2018, Published under Cement News

Egypt’s Industrial Development Authority (IDA) has not received any requests to obtain 11 cement plant licences, which were re-offered by the authority a year ago despite eight local and foreign companies purchased the statements of work before the end of December 2017, according to sources quoted in Arab Finance. The IDA offered 14 licences in 2016 to build new cement plants or expand operating facilities in nine governments across the country. While SVC, Elsewedy Cement and Egyptian Cem...

Egypt cement exports rise 49% in 2017

17 January 2018, Published under Cement News

Egypt's cement exports increased 49 per cent during 2017 to reach US$94m, compared to US$63m in 2016, according to a report from the General Organization for Exports and Imports Control. Egypt's exports of construction materials' sector also rose three per cent in 2017 to US$5.08bn, compared to US$4.92bn a year earlier, according to the Export Council for Building Materials (ECBM). Meanwhile, Egypt's exports for the mineral industries sector increased one per cent to reach US$3.9bn in 20...

Arabian Cement plans expansion into Africa and Asia

15 January 2018, Published under Cement News

Arabian Cement is planning to expand into regional markets in Africa and Asia to boost its profitability amid strong competition in the Egyptian market, according to reports in the Daily News Egypt. To date the company, which has a output of around 5Mta, has exported to Libya, Kenya, Madagascar, Somalia and Yemen. Arabian Cement is a joint venture between Spain-based Grupo Cementos La Unión and a group of Egyptian investors. The company recently reached an agreement with the Natio...

Schneider wins Assiut cement electrical order

29 November 2017, Published under Cement News

Schneider Electric has contracted to supply and install all electrical works for Cemex's Assiut cement factory. Mohamed Shahin, head of the company’s industries sector in Egypt and Africa, said that Schneider Electric contracted with Assiut cement factory to supply the low and medium electrical panels and will begin supply next year.

Arish cement truck drivers to receive military protection

20 November 2017, Published under Cement News

El Arish Cement Company factory in northern Sinai has been visited by a military delegation after armed militants attacked contracted drivers to reassure them of military protection. The Second Field Army chief General Khalid Mujawar, central Sinai battalion, aimed to address the fact that contracted drivers had refused to resume work after the 9 November attack on eight trucks that left nine people dead. The halt in transportation has left tonnes of unsold cement stockpiled in the factory...