Cement News tagged under: Misr Beni Suef Cement
Beni Suef resumes production, Egypt12 December 2012, Published under Cement NewsEgyptian cement producer Beni Suef Cement Co has restarted operations as natural gas supplies have resumed. On 6 December it was reported that the company had to suspend operations at four plants for the second time in the last two months due to natural gas shortages. The company had put in requests to President Mohammed Morsy to end the gas shortages and noted that it was unable to import additional supplies due to the lack of strong logistical infrastructure needed to transport energy f... |
Egypt: energy shortage stops cement factories06 December 2012, Published under Cement NewsA shortage of natural gas caused four plants belonging to Misr Beni Suef Cement Company to suspend operations for the second time in the last two months. The stoppage has uncured losses of EGP100m and threatens the redundancy of 7000 workers at the factories that produce up to 40,000tpd of cement. “The company has put in a request to President Mohammed Morsy to end the gas shortages, however it has not received a response,” said Farouk Mustafa, Misr Beni Suef Cement Company's managing dire... |
Egypt’s Misr Beni Suef earnings edge higher, hit by power shortages16 August 2012, Published under Cement NewsMisr Beni Suef Cement announced that net profit for the first half of 2012 reached EGP188m (US$31m) versus net profit of EGP155m in the same period of last year. Meanwhile, the company said it lost EGP60m due to an interruption of electricity supplies causing productivity to decline by 70 per cent and output falling to 8000tpd from the usual 11,000tpd. |
Misr Beni Suef two week gas stoppage to plant, Egypt11 July 2012, Published under Cement NewsMisr Beni Suef Cement announced that gas supplies to its plant stopped for 15 days during the period from 16 June 2012 to 30 June 2012. The company added in a release sent to the Egyptian Stock Exchanged that, despite the stoppage, cement production was not affected because it had enough clinker stock to meet market requirements during the period. |