Cement News tagged under: Arabian Cement Company
Egypt: Arabian Cement to install new coal mill18 August 2016, Published under Cement NewsArabian Cement Co announced that the company's board of directors was convened last Sunday and approved the legal procedures to build a new coal mill worth EGP80m (US$9m). The company aims to increase its use of petcoke which will lead to more co-operation with Egyptian refiners companies, as well as reduce importing coal and cut operation's cost for the company's plant. |
Saudi Arabia: cement firms come under pressure09 August 2016, Published under Cement NewsSaudi Arabia’s cement activities continue to come under pressure as falling sales volume and profitability remain subdued. Companies’ operational performance was impacted due to lower than estimated average realised price on the back of stiff competition, especially in the central region in 2Q16, coupled with the impact of lower fuel subsidy, reports Al Rajhi Capital. Saudi Cement and Southern Province Cement were the top performers in 2Q16. Saudi Cement revenue was up 11 per cent YoY, whi... |
Saudi Arabia: new power plant for ACC08 June 2016, Published under Cement NewsArabian Cement Company (ACC), Saudi Arabia, has awarded MAN Diesel & Turbo a contract to build a 40MW power plant. The plant will be equipped with two 18V48/60 TS engines and will provide power to a cement factory in Rabigh, on the Red Sea coast. The new power plant will be operated by heavy fuel oil and diesel oil. Construction of the first phase of the plant is scheduled for 2016-17. With the completion of two additional phases, including the installation of a further four engines, t... |
Arabian Cement profits fall 41% in 1Q 201630 May 2016, Published under Cement NewsArabian Cement (Egypt) reported a 40.5 per cent fall in earnings in the first quarter of 2016. According to consolidated financial results, the company earned EGP34.15m (US$3.85m) in Q1 2016, compared with EGP57.37m (US$6.47m) over the same period last year. Further, its first quarter unconsolidated profits decreased 40.5 per cent YoY to EGP33.32m from EGP56.03m. In 2015, the company's consolidated profits slipped 26 per cent YoY to EGP277.2m from EGP374.7m. The ordinary general meeting ... |
Egypt: Arabian Cement's revenue falls in 4Q1528 March 2016, Published under Cement NewsArabian Cement Company (ACC) has described its 4Q15 financial results as "mixed". According to Egypt Daily News, the company added that nothing is alarming with regards to profits, losses, and the operating performance. During the quarter, the company’s cement selling price registered EGP497/t (US$55.89/t), three per cent higher than ACC had previously predicted. However, revenues and profits both declined compared to the previous quarter. The company reported EGP338m (US$38m) in rev... |
Arabian Cement Co launches new cement brand in Egypt22 February 2016, Published under Cement NewsArabian Cement Company (ACC) recently announced the launch of its latest OPC brand in Egypt, under the brand name "Al Nasr". "We are extremely pleased to announce launching our new cement brand in Egypt, which reinforces our position as one of the largest cement producers in the market," said Jose Maria Magrina, ACC chief executive officer. "Projected to increase our competitiveness in the designated regions by diversifying our customer base to include price-sensitive customers, Al Nasr i... |
FLSmidth receives third O&M contract from Egyptian producer01 February 2016, Published under Cement NewsFLSmidth has signed a contract with Arabian Cement Company (ACC) for operation and maintenance of the production lines at its cement plant located near the city of Suez in Egypt. The parties have agreed not to disclose the value of the contract, which covers five years of operation and maintenance of two production lines with a capacity of 6000tpd each. FLSmidth has been operating and maintaining the two lines since 2008 and 2010, respectively. Both lines were built by FLSmidth. The scope ... |
Egypt: Arabian Cement Co reports rise in 9M15 volumes but lower prices03 December 2015, Published under Cement NewsArabian Cement Co (ACC) of Egypt reported a four per cent decline in revenues to EGP1711m (US$219m) for the first nine months of 2015, due to a 12 per cent decline in prices which was partially offset by a nine per cent increase in volumes. Cost per tonne stood at EGP329/t less than the EGP352/t recorded in 9M14. The cost reduction is due to less imported clinker and enhanced energy efficiency. Meanwhile, cost per tonne for the 3Q15 was reduced by 12 per cent YoY to EGP308/t. EBITDA st... |
Loesche wins new Saudi cement grinding order12 November 2015, Published under Cement NewsArabian Cement Co (ACC) has placed an order with CNBM (China) for a cement grinding plant including two Loesche vertical roller grinding mills. ACC is planning to build a new brownfield cement line in Rabigh, Saudi Arabia, with a clinker production capacity of 10,000tpd. Phase 1 of the project involves increasing grinding capacity prior to the completion of the new line (ie, Phase 2). Loesche's scope of supply includes two large LM 63.3+3 vertical roller grinding mills with a table... |
Arabian Cement commissions latest AF equipment30 June 2015, Published under Cement NewsArabian Cement Company (ACC) has completed its latest addition to its alternative fuel processing equipment at its plant in the Suez governorate, as part of the Egyptian cement producer's shift towards diversifying its sources of energy. The HotDisc® combustion device by FLSmidth (Denmark) has been commissioned at ACC Ramliya's plant. The installation is part of ACC's strategy to substitute 100 per cent of its current energy sources with a mix of solid and alternative fuels by the end of 2Q... |