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 of...
Egypt
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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 Egypt.
Italcementi saw weaker French and Italian volumes in 2014
Italcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and...
Egypt: Supreme Administrative Court suspends privatisation appeal
The Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company.
Boldrocchi completes new de-dusting project in Egypt
Boldrocchi Ecologia has successfully completed commissioning and start-up of new air pollution control equipment for Line 1 of Suez Cement's Sokhna plant in Egypt. Mechanical in...
Egypt: gas supplies to cement plants replaced by fuel oil
Egypt’s decreased gas output is further squeezing fuel supplies to the country’s cement factories. The Egyptian Gas Holding Co (EGAS) has halted gas supplies to cement plants an...
Suez Cement completes coal trials at Katameya plant
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 anno...
Suez Cement to invest in conversion to coal
Suez Cement, Italcementi’s Egyptian unit, said on Tuesday it planned to spend EGP600m (US$84m) in 2015 on equipping two factories to run on coal.
South Valley Cement 9M14 net profit up 10.5% YoY
Giza-based South Valley Cement Co's net profit for the first nine months of 2014 rose by 10.5 per cent YoY to EGP100.58m (US$14m).