Cement News tagged under: Energy fuel & power
Dandot Cement reduces half-year loss02 April 2015, Published under Cement NewsDandot Cement Co reported a loss after tax of PKR342.24m (US$3.4m) in the first half of the current Pakistan fiscal compared to a loss of PKR 380.42m in the comparative period of the year before. Net sales reached over PKR1bn versus PKR93m in 1HFY13-14, the company said in a notice to the Karachi Stock Exchange. The cost of sales, however, rose to PKR1.28bn from PKR406m a year earlier. Dandot Cement has said it is considering various options to arrange further funds to improve plant e... |
Hope supplying concrete for the build of 11 wind turbines27 March 2015, Published under Cement NewsHope Construction Materials (HCM) is supplying 4500m3 of concrete to specialist civil engineering contractor I&H Brown to build 11 wind turbine bases at Crook Hill Wind Farm on the Lancashire Pennine Moors, UK. The project, which launched in October 2014 and should be complete by the end of July 2015, will secure renewable energy for 25,000 homes near Rochdale in East Lancashire with up to 36MW of electricity in total being generated from the wind farm. HCM is supplying 4500m3 of co... |
Egypt: Italcementi’s energy diversification focus26 March 2015, Published under Cement NewsItalcementi is currently focussing on energy source diversification at its Egyptian facilities, CEO Carlo Pesenti told Daily News Egypt. Mr Pesenti said the company will be relying on using coal, alternative fuels and renewable energy. Italcementi Managing Director in Egypt Bruno Carrè previously said the company will convert two new facilities in 2015, adding to two facilities converted in 2014. "We are investing some EGP400m per year for four years," Carrè said. "We have done one and we c... |
Ha Tien 1 Cement seeks Indonesian coal import approval24 March 2015, Published under Cement NewsVietnamese producer Ha Tien 1 Cement JSC (HT1) is seeking government approval to import coal from Indonesia for cement production as the market price has fallen sharply along with the drop in crude oil prices. At present, HT1 is buying coal from Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) at US$100/t. Meanwhile, the coal price in Indonesia is US$52/t FOB. Analysts noted that if Ha Tien 1 can import 25% of total coal it needs for production, it would be a... |
Egypt: ACC to boost alternative fuels usage18 March 2015, Published under Cement NewsEgypt-based Arabian Cement Co (ACC) is seeking to utilise alternative energy to increase its capacity utilisation rate to 100 per cent, the company’s CEO Jose Maria Magrina told Daily News Egypt on the sidelines of the Economic Summit. The company is currently running at approximately 80 per cent of its capacity. Coal accounts for around 70 per cent of energy use, while alternative fuels represent 10 per cent including waste and biomass. Arabian Cement is currently working on the complet... |
Titan Egypt's profits decline, but Greece and the USA recover06 March 2015, Published under Cement NewsTitan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the previous year. There was a pre-tax profit of EUR46.8m compared with a EUR9.4m loss the year before. At... |
PIBTL board approves terminal capacity expansion, Pakistan27 February 2015, Published under Cement NewsThe board of directors of Pakistan International Bulk Terminal Ltd (PIBTL) on Wednesday approved the expansion of overall handling capacity at the terminal from 12Mta to 16Mta. PIBT is being set up as the country’s first terminal for handling coal, clinker and cement on a build, operate and transfer (BOT) basis. The terminal will be situated at Port Qasim, 50km from Karachi on the coast of the Arabian Sea. PIBT will be able to handle and deliver coal to cement and power companies by ra... |
Suez Cement Group sees 4Q gains27 February 2015, Published under Cement NewsWith improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 per cent to EGP6.52m, while recurring EBITDA improved 8.8 per cent to EGP1.154m compared to 2013 fig... |
Cemex creates Cemex Energia20 February 2015, Published under Cement NewsCemex announced today the creation of Cemex Energia, an energy division that aims to develop a portfolio of power projects that will supply about 3-5 per cent of Mexico's electricity needs over the next five years. “We are very enthusiastic about Mexico’s energy sector future, and we will leverage on our experience in developing projects that benefit the country,” said Fernando A Gonzalez, CEO of Cemex. First milestone The first milestone achieved by the new unit is the signing of a jo... |
Kenya: Pokot's power plant plans18 February 2015, Published under Cement NewsPokot Cement plans to construct a power plant to supply its upcoming cement works in Kenya as well as the national grid. Of the 64MW capacity, 50MW will be sold to the national grid, according to a report by 'The Star' (Kenya). "The power generated will enable us to operate effectively and minimise our costs of operations apart from supplying more electricity to the national power grid," Rajesh Rawal, chief executive of plant owner Cemtech told the daily. Cemtech, a subsidiary of India-... |