Suez Cement returns to profitability in 2018
Egypt’s Suez Cement reported a net profit of EGP121.43m (US$6.95m) in its full-year 2018 consolidated results, compared with a loss of EGP1.13bn in the previous year. Sales inc...
Egypt
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Misr Beni Suef and Alexandria Cement report improved results in 2018
Egypt-based cement companies Misr Beni Suef Cement and Alexandria Cement have posted improved results in 2018. Misr Beni Suef Cement posted net profits of EGP241.491m (US$13.8...
Arabian Cement’s 20 by 2020
To diversify its fuel use and ensure stable plant operation, Arabian Cement Co introduced alternative fuels (AFs) on Line 2 at its plant in Suez, Egypt. Following its initial s...
Improving fuel security
Germany-based Gebr Pfeiffer has successfully completed an EPC turnkey project to build a complete solution for fuel conversion and coal/petcoke grinding in the existing plant o...
When the going gets tough
The north African cement sector is facing a challenging time as declining demand has put into perspective the current overcapacity in the industry. With most of the region affe...
HeidelbergCement
HeidelbergCement has sold, or agreed the sale of, a number of assets. These include a 50 per cent interest in Ciment Quėbec, land in the Cairo area that used to have a cement w...
ACC announces new solar project for Egyptian plant
Arabian Cement Co (ACC), in collaboration with Solarize Egypt, has announced a new solar energy project at its Suez plant. The EGP90m (US$5.02m) plans will be financed through ...
HeidelbergCement updates on portfolio optimisation
HeidelbergCement has reported that it closed the divestment of its 50 per cent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a f...
No reprieve for National Cement Company
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 publ...
ACC to restructure existing debt
Egypt’s Arabian Cement Co plans to restructure its existing US$23m and EGP499.3m outstanding debts due to one of the country’s banks, through a syndicated loan from the Europea...