Cement News tagged under: Middle East & Africa
Cemex to boost investment in Egypt12 June 2017, Published under Cement NewsCemex plans to boost its investments in Egypt, according to Cemex Egypt’s President, Ramon Piza. The company, which owns a 5.5Mta plant at Assiut, plans to invest US$20m in the country this year, Piza said following a recent meeting with Egyptian Minister of Investment and International Cooperation, Sahar Nasr, in Cairo, according to Egypt Daily news. Mr Nasr has welcomed the Mexican company's intention to increase its investments in Egypt, pointing out that the new investment law ratified... |
Egyptian Cement Co seeks loan for Sohag plant31 May 2017, Published under Cement NewsEgyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and construction materials complex in Sohag province. The alliance is made up of the National Bank of Egypt, Banque Misr, CIB and Arab African International Bank, sources told Al Mal newspaper. The details of terms and conditions memorandum are being agreed upon in preparation for addressing other local banks to contribute to ... |
Qalaa Holdings completes sale of ASEC Ciment Algérie17 May 2017, Published under Cement NewsQalaa Holdings announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have completed the sale of 100 per cent of ASEC Ciment Algérie (ACA) to an Algerian investor at a deal value equivalent to US$60m. The sellers are currently complying with government requirements to repatriate the proceeds from Algeria. Qalaa held an effective (indirect) 37 per cent ownership stake in ACA , which has a licence to build a 3Mta cement plant in the city of Djelfa, Algeria. The sale ... |
Lebanon: beyond tomorrow02 November 2016, Published under Cement NewsWith falling domestic consumption and foreign direct investment offering limited demand at home and the Syrian war disrupting regional export routes, Lebanon’s cement producers are cutting costs and reducing output. However, the long-term scenario offers improved opportunities both within and beyond the country’s borders. By Riwa Daou, Blominvest Bank, Lebanon. As local demand weakens and foreign direct investment falls, Lebanon's cement producers look to the medium- to long term f... |
Dangote Cement to target 76.5Mta capacity in Africa by 2020, CEO tells Cemtech 25th anniversary conference09 February 2016, Published under Cement NewsCemtech’s 25th anniversary celebrations have commenced as the international conference and exhibition series opens its doors in Dubai, UAE, for its annual Cemtech Middle East & Africa meeting. In his welcome address to delegates conference director, Thomas Armstrong, welcomed Guest of Honour, His Excellency Sheikh Yasir Al Qassemi, General Manager of Union Cement Company and Chairman of the UAE Cement Producers’ Association, alongside senior industry figures including Ahmad Al Rousan, Gener... |
FLSmidth receives large cement order in Algeria09 February 2016, Published under Cement NewsFLSmidth has signed an EPC (Engineering, Procurement and Construction) contract with a value of more than EUR200m with SARL Amouda Ingineering for the supply of a greenfield cement plant in Algeria. The plant will be located in El Beida (Laghouat), approximately 400km from the capital Algiers. The order includes engineering, equipment supplies, construction, commissioning and training. Once completed, the cement plant will have a capacity of 6000tpd. "EPC solutions are increasingly req... |
CHRYSO Hydipco starts production of admixtures, Algeria20 October 2015, Published under Cement NewsCHRYSO announced yesterday that its Algerian subsidiary has started production of CHRYSO® admixtures from its new industrial facility in Algiers. In 2014, CHRYSO set up a joint venture with its Algerian partner Hydipco to boost the former's business development on the domestic market with a strong local team and modern production capabilities, according to the company. The Algiers industrial facility has been operational since mid-2015. It has enabled the new subsidiary, CHRYSO Hy... |
Holcim names new Area Manager for Africa Middle East19 November 2014, Published under Cement NewsDominique Drouet, CEO of Holcim Morocco, has been appointed Area Manager for Africa Middle East and member of Senior Management of Holcim Ltd, effective 1 January 2015. He will assume this responsibility in addition to his current role. Mr Drouet replaces Javier de Benito who has decided to to take up a new challenge outside the group, Holcim said in a statement. Mr Drouet joined Holcim in 1994 as CEO of Holcim Outre Mer based in la Réunion, and was appointed CEO of Holcim Lebanon in 1999... |
Ghana: prices stablise in Northern Region06 June 2014, Published under Cement NewsCement prices in the Northern Regional capital of Tamale, Ghana, have now stabilised, according to local press reports. Until recently, a bag of cement was being sold at between GHS28 (US$9) and GHS30 (US$10) in the Tamale Township. However, prices have now evened-out across the board, with a bag of cement now selling at GHS28. A shortage of supply of cement products, which has slowed down infrastructural development at all levels in the Tamale Metropolis, is being attributed to import... |
Algeria: Saoura Ciment to build 1Mta works05 June 2014, Published under Cement NewsSaoura Ciment, a subsidiary of GICA, is currently carrying out negotiations with a Chinese partner to realise the Ben-Zireg cement plant, in Bechar, according to its director general. Director, Abdelkader Bouaichaoui, said: "The SSC has recently started negotiations with a Chinese company that made the best financial and technical proposals, to realise this cement plant,." The new plant will have a capacity of 1Mta. It will draw upon the limestone found in Jebel Madjouz and nearby shal... |