Cement News tagged under: Energy fuel & power

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Lucky alters ownership structure of coal-based power project

17 September 2014, Published under Cement News

Lucky Cement has announced a change in the planned structure of its 660MW coal-based power plant, according to a company notice issued to the Karachi Stock Exchange, The board of directors of Lucky Cement has decided that Lucky Electric Power Company Ltd will be a wholly-owned subsidiary of Lucky Cement instead of Lucky Holdings Ltd. Intially, the group planned to set p the power plant as a wholly-owned subsidiary under the 75 per cent-owned ubsidiary Lucky Holdings Ltd. While the ...

Egypt: Sinai Cement to self-finance coal conversion

12 September 2014, Published under Cement News

Egypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse statement on Wednesday that it will not resort to neither loans nor credit facilities to fund the plant's conversion to coal. (Source: EGX & Arab Finance Editor)

Beni Suef Cement gas and diesel supply halted

10 September 2014, Published under Cement News

Beni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when energy supply was halted, it had storage and a stock of clinker which prevented the company from being impacted during the period. Petroleum ministry said that the halt was occasional and will be resumed as soon as possible. He said it was not reported to the stock exchange because it did not have an effect at that ...

New alternative fuel for Lafarge Canada BC cement plant

08 August 2014, Published under Cement News

Lafarge Canada Inc and Van Houtte Coffee Services Inc are teaming up to replace a portion of Lafarge's fossil fuels energy at the Kamloops, British Columbia (BC) cement plant with used K-Cup® packs. Some 70,000lbs per annum of used K-Cup® packs will have a second life as an alternative fuel source rather than being sent to landfill, according to a statement by Lafarge Canada. K-Cup® packs have been specifically identified and permitted as an alternative fuel for the Kamloops plant. "As par...

Turkish producers divest of power unit

08 August 2014, Published under Cement News

Turkish cement producers Batisoke Soke Cimento Sanayii and Baticim Bati Anadolu Cimento Sanayii have sold their jointly-owned power unit Tezli Dere Elektrik Uretimi. Batisoke has sold its 36 per cent stake in the power company to local investors Salih Yaman and Huseyin Sumer for a total of US$216,150, while Baticim has sold its 64 per cent stake to Salih Yaman for US$383,850, the cement companies said in separate bourse filings on Wednesday.

Sinai Cement awards FLSmidth contract to prepare for coal usage

25 July 2014, Published under Cement News

Sinai Cement Co (SCC) has awarded FLSmidth, the contract to provide the equipment to facilitate the use of coal, Daily News Egypt has reported. The Egyptian-based cement producer also said it would partner with local contractors and suppliers to equip the plant to use coal as an alternative energy to natural gas and fuel oil.

Egypt: Qena Cement 1H profit rises 14% YoY

24 July 2014, Published under Cement News

Egyptian cement producer Qena Cement’s first-half net profit increased by 14 per cent YoY to EGP165.3m (U$23m) compared with EGP144.9m a year earlier. The company’s sales for the six months to the end of June 2014 rose 25 per cent YoY to EGP559m. In other news, the company’s board has agreed to convert to using coal as an energy source at an investment cost of around EGP400m.

Suez Cement 1H earnings rise on cost control efforts

23 July 2014, Published under Cement News

Suez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p...

Capstone wins order for Indonesian cement plant

21 July 2014, Published under Cement News

Capstone Turbine Corporation has received an order from Indonesia for a Capstone C800 system to power a cement factory in Balikpapan, Indonesia. The order was secured by Serba Dinamik, Capstone's exclusive distributor for Indonesia, Malaysia, and Brunei and is expected to be commissioned in September 2014. The cement factory will be powered exclusively by the Capstone C800 microturbine. After securing a steady supply of liquefied natural gas (LNG) to replace high cost diesel fuel, the fact...

Tanga Cement and TANESCO sign power supply agreement

18 July 2014, Published under Cement News

Tanga Cement Company and Tanzania Electric Supply Company (TANESCO) have signed a power supply agreement that ensures the cement producer receives 40MVA through a substation in Pongwe, Tanga. Deklan Mhaiki, TANESCO deputy managing director (Investments) said the new agreement would help Tanga improve Tanga Cement’s output: "Tanga Cement is one of our long and high level customers and taking that into consideration, we have agreed to supply power to their second substation in Pongwe to impr...