Study aids decarbonisation plans in emerging markets
A recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, title...
Egypt
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Private investor ups stake in Arabian Cement
Private investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The deal ...
Energy crisis - plant closure warning
CEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures ac...
South Valley Cement Co posts net loss of 55% in 1H22
South Valley Cement Co posted a net loss of 54.50 per cent during the first 1H22 to EGP117.08m (US$31.2m), compared to EGP75.75m in the 1H21. However, sales stood at EGP325.86m ...
Misr Qena Cement Co records 24% profit rise in 1H22
The consolidated financial statements of Misr Qena Cement Co revealed an increase in the company's profits by 24 per cent during the first half of this year. The company achieve...
Arabian Cement sees revenue and profit surge in 1H22
Arabian Cement has reported revenue of EGP2.129bn (US$111.2m) in the first half of 2022, significantly up from the EGP964.9m seen in the same period a year earlier. Consolidated...
ASEC wins two-year operation and maintenance contract with BMIC
Arab Swiss Engineering Co (ASEC) has won a two-year contract for the operation and maintenance of Building Material Industries Co ’s Assuit cement plant , Egypt. This follows th...
CEMEX to clean Nile River
CEMEX has signed a three-year agreement to support waste removal efforts in Egypt’s Nile River. Some of the waste will be used as a more sustainable alternative to fossil fuels ...
Suez Cement to build Egypt’s first cement WHR Premium
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 carbo...
Egypt: glimmer of hope Premium
Plagued by oversupply, soaring energy prices and a lack of competitiveness overseas, 2021 was a challenging year for the Egyptian cement sector. However, following government in...