Cement News tagged under: Suez Cement
Suez Cement starts trial production using coal at its Kattameya plant29 October 2014, Published under Cement NewsSuez 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 106 October 2014, Published under Cement NewsSuez 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. |
Italcementi03 October 2014, Published under Cement NewsItalcementi'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 sources18 September 2014, Published under Cement NewsSuez 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 firm28 July 2014, Published under Cement NewsEgypt’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 efforts23 July 2014, Published under Cement NewsSuez 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... |
Egypt: Suez Cement increases dividend payout02 April 2014, Published under Cement NewsSuez Cement, part of the Italcementi group, will pay a cash dividend of EGP2.65/share (US$0.38), it said in a statement published yesterday. The company said it would make the payment in two phases. EGP1/share will be distributed in April, and the remainder of EGP1.65/share in September. Last year, Suez Cement paid a cash dividend of EGP1.65/share, according to Thomson Reuters data. |
Suez Cement quarterly profit drops on demand, energy shortages01 November 2013, Published under Cement NewsSuez Cement reported a significant decline in earnings and profit for the third quarter of 2013 due to lower sales and reduced output on the back of energy shortages. The company, which is part of the Italcementi group, said third quarter EBITDA plunged 42 per cent YoY while net profit fell 72 per cent. Domestic sales of grey cement were down 5.2 per cent during the period. Following such challenging times, Suez Cement expects improvements in cement demand going forward: "The company i... |
Suez Cement six-month net profit ahead, Egypt12 August 2013, Published under Cement NewsSuez Cement has reported a 34 per cent increase in first-half net profit thanks to cost reduction and efficiency improvement efforts. In the second quarter of 2013, net sales of Suez Cement Group of Companies reached EGP1302m (US$, up 11 per cent YoY while recurring EBITDA rose 18 per cent YoY to EGP315m. Net profit increased to EGP168m. Grey cement sales were down by four per cent to “close to 26Mt”, the company said. The industry suffered from continuing energy shortages and steep en... |
Suez Cement production scaled back 30% due to energy shortages10 April 2013, Published under Cement NewsEgypt-based Suez Cement said that it scaled back production by as much as 30 per cent last year due to a lack of fuel supplies. "A lack of fuel supplies has cut our annual production of 12Mt by between 20-30 per cent since the start of the year," Mohamed Shanan, director of business development of Suez Cement, told Reuters. In terms of fuel price hikes, Mr Shanan told reporters at a recent energy conference that: "Any increase in (fuel) prices must be matched by an increase in cement ... |