Cement News tagged under: National Cement Company

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ARM Cement's Kenyan assets sold to National Cement

22 May 2019, Published under Cement News

The Kenyan assets of ARM Cement have been sold to National Cement Co for US$50m, according to a statement by its administrators. The transaction is subject to regulatory approvals. The company was placed under administration last year by some of its creditors over what has been reported to be a US$190m debt. The news follows PriceWaterhouseCoopers starting preparations to dispose of ARM’s stake in South Africa’s Mafikeng Cement for KES300m (US$2.974m) in early April.

National Cement Co opens new 1Mta line in Libya

18 February 2019, Published under Cement News

Ali Al-Issawi, Libyan Minister of Economy and Industry, and the board of directors of the National Company for Cement opened the 1Mta second production line at Zliten cement plant. Mr Al-Issawi said that the project marks the beginning of an industrial renaissance in the country and contribute to creating new employment opportunities for young people. "The new line will enable the National Cement Company to raise the total capacity of its production to more than four million tons annually,...

No reprieve for National Cement Company

14 December 2018, Published under Cement News

Hisham Tawfik, Egypt's Minister of Public Business Sector, confirmed that the state-run National Cement Company (NCC) of Egypt will be shut down. NCC had closed after the public business sector ministry confirmed the difficulty of reforming the company's financial condition as it required investments of EGP1.5bn (US$873.5m). The cement producer's workers have been compensated with 180 per cent of their legal rights, added Mr Tawfik.

New Ugandan power supply will feed extra cement capacity

21 August 2018, Published under Cement News

As new cement factories start-up in Tororo, power distributor Umeme is making investments in anticipation of the projected increase in power demand. The existing nearby substations of Tororo Rock, Nagongera and Mbale are currently unable to take on the expected load, hence the need for a new substation. 

 Umeme, therefore, has spent up to UGX14bn (US$3.88m) setting up a new substation at Nyakesi, an investment that is tipped to boost industrialisation in the area through reliable power sup...

Sit-in at Egypt's National Cement prompts Parliamentary investigation

08 March 2018, Published under Cement News

Egypt's National Cement Company is to be investigated after parliament decided it must resolve the dispute that has seen factory workers start a hunger strike and a sit-in, nearly a week ago, after 75 per cent of their wages were deducted. Work ground to a halt at National Cement company last November and MPs are demanding the real reasons for the government-affiliate's economic problems, when in 2017 it produced about 112 per cent of its set target (5500tpd), according to the development...

Egypt: National Cement swings to full-year loss

03 October 2014, Published under Cement News

National Cement Co swung to a net loss of EGP138.4m (US$19.35m) in the fiscal year ended 30 June 2014 from a net profit of EGP93.5m for the year-earlier period. The pretax loss for the reported 12 months amounted to EGP135.5m, versus a pretax profit of EGP93.31m. The Egypt-based producer attributed the sharp negative change in its financial performance to two main factors: lower production costs of its competitors and discounts prices amid fierce market competition.

Egypt: National Cement denies production stoppage due to high energy prices

10 January 2013, Published under Cement News

National Cement  denied news claiming that company"s operations will be halted due to higher gas and mazout prices. The company added, in a release responding to Egyptian Stock Exchange inquiries that, this news is totally untrue. The company pointed out that, it is studying means of using alternative fuel in production.

New contract for FLSmidth in Egypt

30 July 2012, Published under Cement News

FLSmidth has been awarded a contract by National Cement Company of Egypt for operation and maintenance of two of their production lines located in Cairo, Egypt. The parties have agreed not to disclose the value of the contract which covers a period of seven years.   The contract which is the largest operation and maintenance contract awarded to FLSmidth up until now includes supply of spare parts and consumables, development of a full operation and maintenance organisation, knowledge transfe...