Cement News tagged under: Egypt
Titan achieves better results in USA and Greece08 May 2015, Published under Cement NewsTitan's first-quarter turnover improved 12.7 per cent to EUR283.8m and EBITDA declined by 23.7 per cent to EUR23.2m. The company posted a pretax profit of EUR7.6m versus a loss of EUR9.7m a year earlier, while the net attributable profit of EUR6.6m compared with a loss of EUR11m. Net debt at the end of March, however, was up by 22 per cent to EUR660m, giving a gearing level of 42.2 per cent, compared with 38.5 per cent a year earlier. Group cement shipments increased by four per cent t... |
Egypt: Suez Cement sees 3% fall in 1Q15 revenues01 May 2015, Published under Cement NewsSuez Cement Group of Companies (SCGC), part of the Italcementi Group, saw revenues decline three per cent in the first three months of the year versus the same period of 2014. EBITDA for the quarter also fell by 49 per cent, mainly due to rising fuel prices resulting in a sharp 66 per cent drop in net profit. Unforeseen pressures on the construction sector as a whole were said to have depressed overall demand for cement products and, coupled with higher energy costs, this negatively impac... |
Egypt prices stable on surplus supply28 April 2015, Published under Cement NewsProducers in Egypt have decided to keep cement prices stable for the fifth-consecutive month, Minister of Supply, Khaled Hanafy, announced on Sunday. The price stability is due to surplus supply, Daily News Egypt quoted Medhat Staphanos, head of cement companies at the Federation of Egyptian Industries (FDI) as saying. Output has increased following the introduction of coal, which has helped alleviate the uncertainty of fuel sources. However, producers are still waiting an uptick in demand.... |
FCB TSV™ Classifier for Lafarge Ain Sokhna plant07 April 2015, Published under Cement NewsFives will supply a new high-efficiency separator for the Lafarge Cement Egypt petcoke grinding unit in the frame of its conversion from open to close circuit by Imsat (Romania). Thanks to the installation of the FCB TSV™ Classifier the grinding plant will produce 90tph of pulverised petcoke with R90µm ≤ 5 per cent, as required by LCE to shift from the conventional fuel used presently for the pyroprocess to petcoke. This project is aiming at relieving the stress on the cement plant due to... |
Egypt: Italcementi’s energy diversification focus26 March 2015, Published under Cement NewsItalcementi is currently focussing on energy source diversification at its Egyptian facilities, CEO Carlo Pesenti told Daily News Egypt. Mr Pesenti said the company will be relying on using coal, alternative fuels and renewable energy. Italcementi Managing Director in Egypt Bruno Carrè previously said the company will convert two new facilities in 2015, adding to two facilities converted in 2014. "We are investing some EGP400m per year for four years," Carrè said. "We have done one and we c... |
Lafarge Egypt and Orascom in waste management deal20 March 2015, Published under Cement NewsLafarge Egypt and Orascom Telecom Media and Technology Holding (OTMT) announced that they have signed a memorandum of understanding (MoU) to develop a waste management framework of municipal and agricultural waste. The memorandum, signed by Hussein Mansi, CEO of Lafarge Egypt and Tamer el Mahdy, deputy CEO and chief operating officer, OTMT, has been created by the two companies in an effort to process large volumes of municipal and agricultural waste into alternative fuels to be used in th... |
Egypt: ACC to boost alternative fuels usage18 March 2015, Published under Cement NewsEgypt-based Arabian Cement Co (ACC) is seeking to utilise alternative energy to increase its capacity utilisation rate to 100 per cent, the company’s CEO Jose Maria Magrina told Daily News Egypt on the sidelines of the Economic Summit. The company is currently running at approximately 80 per cent of its capacity. Coal accounts for around 70 per cent of energy use, while alternative fuels represent 10 per cent including waste and biomass. Arabian Cement is currently working on the complet... |
IDA to propose 12 licences in Upper Egypt17 March 2015, Published under Cement NewsThe Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ... |
Cementir performs well in Denmark11 March 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent. Capital investme... |
FLSmidth wins Egyptian cement plant contract05 March 2015, Published under Cement NewsFLSmidth has received two contracts from the Egyptian cement producer Qena Cement for supply of equipment for a cement plant which was originally supplied by FLSmidth. The cement plant is located approximately 45km from Luxor in Egypt. The equipment to be supplied includes among others an ATOX© coal mill, an OK© vertical cement mill, Pfister© weighing and dosing systems, MAAG Gear© reducers and Airtech filters. "We are very happy to supply this additional equipment to an existing customer... |