Cement News tagged under: Egypt
Egypt issues licences for new cement factories in Upper Egypt28 January 2016, Published under Cement NewsEgypt's Ministry of Trade and Industry has issued new 14 licences for cement factories in Upper Egypt governorates, Minister Tarek Qabil announced Wednesday. According to the minister, the factories are set to operate with coal, providing them with the necessary energy security for stable cement production. Mr Qabil added that there are six factories currently operating with coal and are committed to following all environmental standards. (Source: Amwal Al Ghad) |
Egypt’s IDA invites new plant tenders18 January 2016, Published under Cement NewsEgypt’s Industrial Development Authority (IDA) has invited tenders by local and international companies interested in constructing cement plants with a capacity of 2Mta in various governorates. The new production licences are for the construction of new facilities in Beni Suef, Minya, Qena, Sohag, Aswan, El-Wadi el-Gedid, Suez, Marsa Matrouh and South Sinai, according to a report published by Ahram news yesterday. The tender documents are to be issued from 20 January 2016 until 10 Febru... |
Suez Cement plans to complete coal conversion project by end-2016, Egypt08 January 2016, Published under Cement NewsSuez Cement, part of the Italcementi group, plans to complete its preparations for coal usage at its plants by late 2016, local press reported, citing chairman Omar Mehanna Wednesday. The conversion process involves an investment of around US$110m. Mr Mehanna further told Amwal Al Ghad business magazine that Suez Cement had completed the conversion for coal usage at two plants out of five during 2015. The company aims to use coal as an alternative energy source for the production of cemen... |
Egypt's Ministry of Industry to issue a condition of contract for new production licences04 January 2016, Published under Cement NewsEgypt's Minister of Industry and Foreign Trade, Tarek Qabil, announced that the ministry would issue conditions for tender documents and requirement specifications of cement production in the coming days to meet the future needs of the local market. The minister said that the Cabinet has recently approved defining a fixed value for the cement licences paid to the government based on the economic feasibility, according to a report in Daily News Egypt. The government will also be accepting qu... |
Egyptian cement prices 'stable' through the year24 December 2015, Published under Cement NewsEgyptian cement prices were considered stable through fiscal 2015 as cement companies provided their final report of monthly disclosures on cement prices to the Ministry of Supply for the month December, Minister of Supply Khaled Hanafy said in a Wednesday statement. The average cement production per week in December was recorded at 1Mt compared to an average of 989,000t per week in November, Mr Hanafy added. As part of the Ministry of Supply's attempt to ensure market fairness, Hanafy note... |
Egypt: Beni Suef Cement starts SRC production15 December 2015, Published under Cement NewsBeni Suef Cement has started to produce sulphate-resistant cement (SRC) for use in tunnels and other special projects. The Egyptian cement producer is aiming to boost sales by selling 200,000t of this new product in 2016, in addition to sales of ordinary Portland cement. |
Qalaa Holdings 9M15 revenue driven by energy and cement divisions10 December 2015, Published under Cement NewsQalaa Holdlings reported consolidated revenues of EGP2051.2m in the third quarter of this year, up 19 per cent compared to the same period of 2014. On a nine-month basis, revenues climbed 31 per cent YoY in 9M2015 to EGP6085.5m. Revenue growth in the 9M2015 was driven by both cement manufacturing arm ASEC Cement and energy distribution business TAQA Arabia. TAQA Arabia (energy distribution) posted a 36 per cent rise in revenues to EGP1713.2m in the period, while ASEC Holding (cement ... |
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... |
ASEC Cement closes sale to Misr Cement Qena24 November 2015, Published under Cement NewsASEC Cement, a business unit of Qalaa Holdings, on Sunday announced it reached financial close on the sale of its holdings in subsidiaries ASEC Minya Cement and ASEC Ready Mix Co to Misr Cement Qena for total consideration of around EGP1bn (US$127m). “We are pleased to announce the sale process closed today, putting in place another cornerstone in our strategy to deleverage at both the holding and platform company levels,” said Qalaa Holdings chairman and founder, Ahmed Heikal. “Both ASE... |
Egypt: residents' angry over Titan’s Alexandria emissions23 November 2015, Published under Cement NewsTitan's Alexandria cement plant is being investigated in terms of environmental concerns after local residents’ complaints. A complaint was filed on Sunday at the Alexandria Prosecution against the Portland cement factory, reported the Daily News Egypt. Local residents are worried about the use of coal at the 40-year-old plant in Wady Al-Qamar in northwest Alexandria. Hany A, one of the residents, said: "This is not the first time we wake up to this smell. We cannot even breathe. This hap... |