Cement News tagged under: Egypt
Egypt: manufacturers encouraged to increase AF use14 October 2016, Published under Cement NewsThe Minister of Industry and Foreign Trade, Tarek Qabil, announced that the industry has completed a study on the use on alternative fuel sources to fossil fuels in Egyptian cement plants. Mr Qabil said that the ministry plans to boost cement factories’ reliance on alternative fuel sources such as coal by 6.4-30 per cent within the next 5-10 years. He went on to say that the total coal needs of the country’s cement plants are expected to reach 9.7Mta by 2025. Increasing the use of alterna... |
Egypt: NCC incurs US$13.5m losses06 October 2016, Published under Cement NewsEgypt’s National Cement Company (NCC) incurred net losses of EGP119.9m (US$13.5m) during fiscal year 15-16, an improvement when compared to the EGP282.5m registered for the previous year. NCC chairman, Saeed Abdel Moty, reported that the company attained revenues of EGP858.8m in FY16-16 versus EGP756.5m a year earlier. Mr Moty added that NCC has recently invested approximately EGP1.0bn in its environmental improvement project. |
Egypt: Wadi El Nile Cement to upgrade clinker output20 September 2016, Published under Cement NewsWadi El Nile Cement Company (WNCC) has given FLSmidth an order to upgrade its plant from 6000 to 7200tpd of clinker. The order is contained within a new five-year maintenance contract with WNCC for its cement plant located approximately 120km south of Cairo. The arrangement is an extension of the original 2010 contract. "The continuation of the contract is visible proof of the successful partnership we have with WNCC. We have now operated their 6000tpd plant for almost five years. The p... |
Egypt: FLSmidth awarded WNCC upgrade and operation contract15 September 2016, Published under Cement NewsThe Wadi El Nile Cement Company (WNCC) has signed a new five-year contract with FLSmidth that will see the Danish firm continue to maintain and operate a 2Mta plant located 120km south of Cairo. In addition to the operations contract, FLSmidth will upgrade the plant to increase its capacity to around 2.4Mta. The new capacity is expected to come online by mid-2017. FLSmidth Cement Division Group Executive Vice President, Per Mejnert Kristensen, said: “The continuation of the contract is... |
Egypt sets out on a new course05 September 2016, Published under Cement NewsPresident Abdel Fattah al-Sisi has managed to return a certain degree of stability to Egypt, with the economy expected to show a gradual recovery. A broad infrastructure programme and robust housing demand is providing the foundation for a strong growth in construction, while the government is calling for the cement industry to increase its capacity. The urgent need to expand Egypt's inrastructure and deal with the considerable housing shortage are expected to drive cement demand f... |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Egypt: Sinai Cement returns to profit30 August 2016, Published under Cement NewsSinai Cement has announced that it earned a net profit of EGP15.4m (US$1.7m) for the first half of 2016, reversing the EGP28.7m losses that it recorded in the same period last year, Mubasher reports. Performance was even more encouraging when considering the second quarter alone. In the period April to June 2016, Sinai’s profits were EGP52.6m as compared to a loss of EGP17.6m in 2015. |
Egypt: South Valley profits up 33%24 August 2016, Published under Cement NewsSouth Valley Cement announced a net profit increase of 33 per cent for the 1Q16. A net profit of EGP42.85m (US$4.82m) was registered in the quarter compared to EGP32.35m for the same quarter in the previous year. Revenues for the company reached EGP254.82m (US$28.7m) in 1Q16, a YoY increase of 14.3 per cent compared to EGP223m for 1Q15. |
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. |
Egypt: Siemens to launch Sicement Electrification system17 August 2016, Published under Cement NewsSiemens Egypt will on Thursday launch its new Sicement Electrification System at the “Bringing Power to Cement Industry” forum in Cairo, Daily News Egypt reports. Egyptian cement manufacturers have been hit by rising costs of power as the government has reduced subsidies on natural gas. At the same time, cement consumption has been rising and production hit 70Mt in 2015, the government calculates. The Sicement system offers producers with a straightforward means of connecting to the na... |