Cement News tagged under: Energy fuel & power
Lafarge to sell excess electricity to Nigeria28 November 2013, Published under Cement NewsLafarge Cement WAPCO Nigeria Plc plans to sell about 40MW of excess electricity. The company uses only 40-50MW of the 90MW generated by its local power plant, Michael Awanayah, the company’s general manager of business transformation, said at the West African Power Industry Convention in Lagos. “We are looking to be one of the first manufacturers to sell power and help reduce the power shortage,” he said. (Source: BusinessDay). |
A TEC awarded two contracts by Messebo, Ethiopia06 November 2013, Published under Cement NewsA TEC has been awarded two contracts by Messebo Building Materials of Ethiopia: one for an alternative fuels system and the other for a big-bag filling station. The alternative fuels system contract was awarded to A TEC in the first quarter of the year and includes engineering, supply of equipment, civil construction works and supervision. The alternative fuels are sesame straw/stalk. Manufacturing and erection will be carried out by Mesfin Industrial Engineering PLC, a high qualified sist... |
Suez Cement quarterly profit drops on demand, energy shortages01 November 2013, Published under Cement NewsSuez Cement reported a significant decline in earnings and profit for the third quarter of 2013 due to lower sales and reduced output on the back of energy shortages. The company, which is part of the Italcementi group, said third quarter EBITDA plunged 42 per cent YoY while net profit fell 72 per cent. Domestic sales of grey cement were down 5.2 per cent during the period. Following such challenging times, Suez Cement expects improvements in cement demand going forward: "The company i... |
Titan looks to boost energy supplies in Egypt23 October 2013, Published under Cement NewsTitan Cement Company has begun discussions with Egypt’s Ministries of Petroleum to boost its energy supplies. In an interview with Egypt Daily News, Titan Cement Company executive VP, Medhat Stephanos, said some Egyptian cement factories have had to scale back production and distribution by an average of 24 per cent due to low and intermittent supplies of natural gas. However, the company has opened dialogue with the Ministries of Petroleum to explore new options: “We have already su... |
Asia Cement expects higher nine-month net profit17 October 2013, Published under Cement NewsAsia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year. |
Ketton solar power plant could see year-end start, UK15 October 2013, Published under Cement NewsA new solar power plant to be built on land owned by Hanson Cement could be up-and-running by year-end, with over a third of its power destined to supply the UK cement producer's Ketton works. Lark Energy, based in Market Deeping, has been granted planning permission to create the farm on land near Pit Lane, Ketton, local news reported. If a condition on drainage is approved by Rutland County Council, the firm will be able to start installing the 38,544 panels. Once complete, the solar... |
Vietnam producers increase prices24 September 2013, Published under Cement NewsVietnam producers have increased cement prices by VND100,000/t (US$4.71) to help mitigate higher input costs despite domestic demand remaining subdued. The increase is due to the rising cost of inputs such as petroleum, coal and power. The average selling price is now VND1.28m. Prices in the north range between VND1.28m-1.66m/t while in the north they are VND1.36-1.74m/t. Producers have also reduced their discount to agencies by VND20,000/t, the price management department under Vietn... |
India Cements explores export opportunities23 September 2013, Published under Cement NewsIndia Cements is looking at the possibility of resuming exports in a bid to improve capacity utilisation and benefit from the falling rupee, N Srinivasan, Vice-Chairman and Managing Director of the company, has indicated. Addressing shareholders at the company’s AGM last week, Mr Srinivasan said the cement producer was taking all the necessary measures at an operational level to improve results for the remainder of FY14. MR Srinivasan stated that cement producer is hoping to restart ex... |
Tanzania Portland optimistic on 2H turnaround16 September 2013, Published under Cement NewsTanzania Portland Cement Company expects a recovery in second half net profit thanks to reduced production costs. In the first six months of the year, net profit fell by over one-third to TZS19bn (US$11.8m) due to unregulated imports, power shortages and problems with its electric transformer, the HeidelbergCement group company had previously said. However, TPCC managing director, Pascal Lesoinne that problems with the electric transformer (which had cut the number of operational mills... |
Malaysian fuel price hikes to impact production costs05 September 2013, Published under Cement NewsLafarge Malaysia Bhd, the country's leading cement producer, said an increase in fuel prices due to the government's recently-announced cut in subsidies, will have a definite impact on production costs. “The increase would naturally have an impact on businesses in terms of transportation cost for both production and delivery to the market,” a spokesman from the company told The Star newspaper of Malaysia. “We understand the need for this subsidy rationalisation exercise by the Governmen... |