Cement News tagged under: Suez Cement

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Suez Cement rebrands as Heidelberg Materials

11 September 2023, Published under Cement News

Suez Cement Group of Companies (SCGC) has rebranded as Heidelberg Materials, reaffirming its vision to continue to lead the change in the sector towards sustainability and digitalisation, reports Mist News.  “Today we merge the legacy of two iconic companies, with almost 100 years of local experience and 150 years of global experience from Heidelberg Materials, to lead the field in driving down carbon emissions, pioneering a circular economy in construction, unlocking new customer bene...

Suez Cement invests millions in sustainability targets

06 June 2023, Published under Cement News

Suez Cement , part of the Heidelberg Materials Group , continues to invest heavily in its environmental sustainability efforts. According to the company, since 2010 it has spent US$60m on technology to lower dust emissions throughout its operations, resulting in an 80 per cent reduction in dust emissions by the end of 2020, compared to the company’s 2012 baseline. A further US$16m was invested in non-fossil-based fuels with the installation of alternative fuel (AF) technology in its pla...

Suez Cement orders 45GWh solar power project

04 November 2022, Published under Cement News

Suez Cement Group ( Heidelberg Materials ) signed an electricity generation agreement with Intro Power and Utilities with the aim of constructing a solar power plant at the Suez Cement Factory with investments estimated at EGP350m (US$14.4m). The project will provide a production capacity of 45GWh of clean electricity, which eliminates approximately 22,000t of CO 2 emissions annually or 440,000t over 20 years. The project is scheduled to install solar energy systems with a total capa...

Suez Cement to build Egypt’s first cement WHR

28 June 2022, Published under Cement News

Egypt-based Suez Cement is preparing to commission the country’s first waste heat recovery (WHR) facility in a cement plant by 2023. The project aims to reduce the plant’s carbon emissions by approximately 40,000tpa. By Omar Korshid and Ossama Abdel Wahid, Suez Cement, Egypt. Suez Cement aims to significantly reduce carbon emissions by installing a WHR system at its Helwan plant, Egypt To support Egypt’s national emissions strategies to 2050, domestic cement producer Suez Cement...

Suez Cement awards WHRPG project to Korra Energi

15 June 2022, Published under Cement News

Korra Energi has been awarded a new strategic, 'Waste Heat Recovery for Power Generation (WHRPG) project at Helwan Company ( Suez Cement Group), which is affiliated with HeidelbergCement Group . Korra Energi was pleased to take the lead with such an environmental and eco-friendly and Energy Efficiency application, as it is the first of its kind to be applied in Egypt for the cement industry. Korra Energi has taken charge of the design and build of the project where wasted heat generat...

Suez Cement Group appoints new CEO

28 March 2022, Published under Cement News

Effective 1 May, José Maria Magrina, who led the Suez Cement Group of Companies as CEO for the last six years, will leave the company and start a new position with HeidelbergCement Trading as CEO.     Mr Magrina has vast international experience in various executive roles. His professional career started at PricewaterhouseCoopers as a management consultant. Two years later, he joined Deloitte in a similar position where he focused on supply chain optimisation, market research and strat...

Egypt's cement sector sees sales rise 15% YoY

15 April 2021, Published under Cement News

Egypt's cement industry recorded strong sales in March with total sales reaching 4.99Mt, up 22 per cent MoM and 15 per cent YoY. The industry’s utilisation rate also surged to 74 per cent from 60 per cent in February. The average utilisation rate in 2020 was 59 per cent. Watania Cement (Beni Suef) recorded the highest sales of 990,000t with a market share of 20 per cent, according to Daily News Egypt. Therefore, volumes were up 40 per cent MoM and 141 per cent YoY. Sinai Cement reco...

Suez Cement sells 51% stake in Hilal Cement

25 January 2021, Published under Cement News

Suez Cement (HeidelbergCement group) has offered its 51 per cent stake in Hilal Cement Co of Kuwait for sale through the Kuwait Bourse on 24 January 2021. The Board of Directors of Suez Cement gave advanced notice of its intention to sell the company’s stake in Hilal Cement on 5 March 2020. Suez Cement’s Board of Directors approved the decision on 9 December 2020 when it delisted from the Egyptian stock exchange. The total amount fo shares for sale amount to 25,736,191.

Suez Cement receives approval to delist from EGX

31 December 2020, Published under Cement News

The Egyptian Exchange’s (EGX) listing committee has approved the voluntary delisting of Suez Cement Group from the EGX, according to a disclosure. Suez Cement's capital amounts to EGP909.28m (US$57.74m) distributed on more than 181.8m shares. The company purchased the shares of dissenting shareholders at EGP7.50 each.

Suez Cement sees net loss widen in 9M20

23 November 2020, Published under Cement News

Egypt’s Suez Cement has posted a consolidated net loss of EGP888.9m (US$56.79m) in the first nine months of 2020, widening from an EGP521.4m loss in the year-ago period. The company’s sales also declined 21.8 per cent YoY to EGP3.84bn from EGP4.91bn. In its standalone business, net losses contracted to EGP587.2m from EGP736.77m in the 9M19. Elsewhere, the Egyptian Stock Exchange has announced the execution of HeidelbergCement France’s mandatory takeover offer (MTO) for Suez Cement’s share...