Cement News tagged under: Egypt
Mixed results for Egyptian producers14 May 2018, Published under Cement NewsEgypt’s Alexandria Cement has announced a further consolidated net loss in the first quarter of 2018, which widened 17.1 per cent YoY to EGP34.78m. Furthermore, the company recorded a standalone net loss of EGP71.28m against a net profit of EGP12.63m seen in the year-ago period. Elsewhere, Misr Beni Suef Cement posted a 280.9 per cent YoY rise in net profit to EGP125.9m for 1Q18. Sales saw a significant increase of 77.3 per cent to EGP619.1m, compared to EGP349.1m of the previous year. |
Saudi company to invest in Egyptian production lines04 May 2018, Published under Cement NewsA Saudi Arabian company is expected to invest EGP500m (US$28.37m) in three Egyptian production lines, according to Ahmed Abdel Razek, head of the General Authority for Industrial Development. Mr Razek stated that the company has requested 200,000m in the industrial zone of Alexandria's Borg-El-Arab, and the first line will commence in 18 months once the land is allocated. A joint cooperation protocol is expected to be signed between the two parties to exchange expertise and information on ... |
Cement prices in Egypt fall after March high23 April 2018, Published under Cement NewsFollowing their rise to EGP1250/t in March, cement prices in Egypt are dropping back to EGP950 this month, according to AhramOnline. The resumption of production at the Arish Cement Factory, the partial resumption of production at Sinai Cement, and the start of trial production at the Beni Sweif Cement Plant have all helped increase the supply of cement on the market, leading to the drop in prices,” said Ahmed Al-Zeini, head of the Construction Materials Division at the Cairo Chamber of Co... |
Increased demand for alternative fuel in Egypt11 April 2018, Published under Cement NewsEgypt’s Minister of Environment, Khaled Fahmy, has opened a cement production line at Arabian Cement Co’s facility in Ain Sokhna, Suez, that uses Hot Disk technology for alternative fuel production from recycled waste, according to Watani. At the opening, Dr Fahmy noted that now waste is being used as a source of alternative fuel, a new system of efficient collection and handling needs to be put in place. Since the rise in coal prices, there has been an increased demand for alternative fu... |
Egyptian cement prices rise EGP250/t in March09 April 2018, Published under Cement NewsEgyptian cement prices increased by EGP250/t (US$14.14/t) to reach EGP1100/t at the beginning of March, reports Ahram Online. This has been attributed to some manufacturers using a halt in production in Sinai to raise prices, according to members of the Building Materials Division of the Cairo Chamber of Commerce. The cement price hike is part of a wider increase in the cost of building materials, which could result in a 15-20 per cent rise in real estate unit prices over the year. “Rea... |
LafargeHolcim treated 10Mt of waste in 201728 March 2018, Published under Cement NewsLafargeHolcim’s global waste treatment arm, Geocycle, treated 10Mt of waste in 2017, an increase of 13 per cent YoY. The company co-processed many different types of waste, including shredded industrial waste, spent solvents, used tyres and sewage sludge, according to a press release. "Sustainable building and living are key to the future and we are committed to playing an important role as the demand for sustainable construction solutions and sustainable buildings and infrastructure cont... |
Cemex Day 201823 March 2018, Published under Cement NewsCemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and... |
Egypt exports rise 79% in January22 March 2018, Published under Cement NewsEgypt’s cement exports increased 79 per cent in January 2018 to reach US$7m, compared to US$4m in the year-ago period, according to a report from the country's Export Council for Building Materials. This follows a recent 194 per cent rise in cement exports to Yemen, which contributed US$1.3m in January. Exports to Kenya boomed, advancing 6630 per cent to US$1.9m from US$29,000. However, cement dispatches to Saudi Arabia declined 25 per cent YoY to US$891,000 from US$1.19m. Following t... |
Sit-in at Egypt's National Cement prompts Parliamentary investigation08 March 2018, Published under Cement NewsEgypt's National Cement Company is to be investigated after parliament decided it must resolve the dispute that has seen factory workers start a hunger strike and a sit-in, nearly a week ago, after 75 per cent of their wages were deducted. Work ground to a halt at National Cement company last November and MPs are demanding the real reasons for the government-affiliate's economic problems, when in 2017 it produced about 112 per cent of its set target (5500tpd), according to the development... |
Alexandria Cement reports increasing losses in 201707 March 2018, Published under Cement NewsEgyptian cement producer Alexandria Cement reported a consolidated net losses of EGP513.85m (US$ 29.13m) , when compared with net losses of EGP50.86m in 2016. The company’s standalone net loss in 2017 also widened from EGP187.48m to EGP301.79m during the same period. |