Cement News tagged under: Suez Cement

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Egypt: Suez Cement 2Q net profit drops 57%

22 July 2015, Published under Cement News

Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month period declined by 15 per cent due to lower prices and exports. Suez Cement said it was diversifying its energy sources to mitigate the impact of shortages which "affected negatively the company's profits".

Italcementi

06 January 2015, Published under Cement News

The Italcementi subsidiary Suez Cement is investing EUR68m (US$84m) in 2015 in its Helwan and Tora II works to convert them to burning coal and waste-derived fuels. In addition, towards the end of 2014, Suez Cement completed a US$18m investment in its Katameya cement works, allowing it to burn coal and a range of alternative fuels. In terms of energy use, the works is now burning 85 per cent coal, 10 per cent industrial waste and five per cent other fuel. It has allowed capacity utilisati...

Suez Cement completes coal trials at Katameya plant

29 December 2014, Published under Cement News

Suez Cement has completed the trial period of using coal to run its Katameya factory and it is now the main source of fuel at the Egypt-based factory, chairman Omar Mohanna announced. TheItalcementi group company is currently operating at 80 per cent of it 1.5Mta capacity compared to 50 per cent during times of natural gas supply shortages. Mr Mohanna told AlMal that the energy mix at the Katameya factory consists of coal (85 per cent), industrial waste (10 per cent) and ordinary energ...

Egypt: Italcementi to build wind park

27 November 2014, Published under Cement News

Italcementi SpA has signed a memorandum of understanding (MoU) with the government of Egypt for the construction of a 120MW wind park in the coastal town of El-Zaafarana, where the government has agreed to allocate land. The company will invest some US$200m (EUR160.6m) in the plant, starting construction in the 2Q15, said Omar Mehanna, chairman of Italcementi’s Suez Cement Co, as cited by Ahram Online. Once the wind farm is completed at the end of 2015, Italcementi will consider the constr...

Suez Cement starts trial production using coal at its Kattameya plant

29 October 2014, Published under Cement News

Suez Cement has started trial production using coal at its Kattameya plant in Egypt. Commercial production is scheduled to start next month, its chairman has said. Preparations for coal usage at the company’s Suez plant are expected to be completed before the end of the year, he added.

Egypt: Suez Cement to close Tourah Factory 1

06 October 2014, Published under Cement News

Suez Cement Co has voluntarily agreed to close its Tourah Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environmental standards. The Egypt-base producer has instead chosen to invest in excess of EGP500m in environmental mitigation measures at its Tourah Factory 2,  local newspaper Al Mal News said yesterday.

Italcementi

03 October 2014, Published under Cement News

Italcementi's Egyptian subsidiary Suez Cement is expecting to start burning coal at its Katameya (Suez) works this autumn and the use of coal will also be introduced at the Tora and Helwan works within the next two years. The subsidiary Italgen is bringing on-stream 120MW of wind power generated electricity capacity by the end of this year, which should cover some 40 per cent of Suez Cement's electricity requirements. After the completion of a second investment programme, hopefully in 201...

Suez Cement diversifies fuel sources

18 September 2014, Published under Cement News

Suez Cement, part of the Italcementi group, is working towards diversifying its fuel sources with coal to be used in one of its factories before year-end.  The company will begin using coal next November at its factory in Suez, company CEO Omar Mehanna said. Two of its other factories in Tora and Helwan will start in two years, "We will begin using coal to generate energy for cement production cement in our Katameya factory by the end of this month in order to produce 3Mta," he said. ...

Egypt cement volumes hold firm

28 July 2014, Published under Cement News

Egypt’s cement volumes demonstrated resilience over the Jan-May 2014 period with the pricing environment also positive. During the first five months of the year, volumes totalled 21.7Mt – an increase of 1.8 per cent compared to the same period of 2013 which was impacted by interruptions in energy supplies and exceptional political events, writes CM-CIC Securities. Lafarge posted a particularly strong performance, with volumes up by 18.9 per cent (2.5Mt) in the Jan-May period, and by 19...

Suez Cement 1H earnings rise on cost control efforts

23 July 2014, Published under Cement News

Suez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p...