Egypt: Italcementi’s energy diversification focus
Italcementi is currently focussing on energy source diversification at its Egyptian facilities, CEO Carlo Pesenti told Daily News Egypt. Mr Pesenti said the company will be rel...
Egypt
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Lafarge Egypt and Orascom in waste management deal
Lafarge Egypt and Orascom Telecom Media and Technology Holding (OTMT) announced that they have signed a memorandum of understanding (MoU) to develop a waste management framewor...
Egypt: ACC to boost alternative fuels usage
Egypt-based Arabian Cement Co (ACC) is seeking to utilise alternative energy to increase its capacity utilisation rate to 100 per cent, the company’s CEO Jose Maria Magrina to...
IDA to propose 12 licences in Upper Egypt
The Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also...
Cementir performs well in Denmark
Cementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR1...
FLSmidth wins Egyptian cement plant contract
FLSmidth has received two contracts from the Egyptian cement producer Qena Cement for supply of equipment for a cement plant which was originally supplied by FLSmidth. The ceme...
Suez Cement Group sees 4Q gains
With improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which...
Egypt: ACC secures loan to part-finance expansion
Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period ...
Egypt: Qena Cement sees 15.3% rise in net profit
Qena Cement posted a 15.28 per cent rise in 2014 net profit, according a stock exchange filing on Thursday. Full-year profit came it at EGP312.91m (US$41m), up from EGP271.436m...
Beni Suef begins construction of coal mill, Egypt
Beni Suef Cement has began the construction of the coal mill worth EGP200m (US$26.3m), to be used as an alternative to natural gas and heavy fuel oil at its cement plant in Egy...