Cement News tagged under: Egypt
Beni Suef Cement gas and diesel supply halted10 September 2014, Published under Cement NewsBeni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when energy supply was halted, it had storage and a stock of clinker which prevented the company from being impacted during the period. Petroleum ministry said that the halt was occasional and will be resumed as soon as possible. He said it was not reported to the stock exchange because it did not have an effect at that ... |
Cimpor's 1H14 cement sales rise by 10.8%01 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t... |
Egypt cement volumes hold firm28 July 2014, Published under Cement NewsEgypt’s cement volumes demonstrated resilience over the Jan-May 2014 period with the pricing environment also positive. During the first five months of the year, volumes totalled 21.7Mt – an increase of 1.8 per cent compared to the same period of 2013 which was impacted by interruptions in energy supplies and exceptional political events, writes CM-CIC Securities. Lafarge posted a particularly strong performance, with volumes up by 18.9 per cent (2.5Mt) in the Jan-May period, and by 19... |
Sinai Cement awards FLSmidth contract to prepare for coal usage25 July 2014, Published under Cement NewsSinai Cement Co (SCC) has awarded FLSmidth, the contract to provide the equipment to facilitate the use of coal, Daily News Egypt has reported. The Egyptian-based cement producer also said it would partner with local contractors and suppliers to equip the plant to use coal as an alternative energy to natural gas and fuel oil. |
Egypt: Qena Cement 1H profit rises 14% YoY24 July 2014, Published under Cement NewsEgyptian cement producer Qena Cement’s first-half net profit increased by 14 per cent YoY to EGP165.3m (U$23m) compared with EGP144.9m a year earlier. The company’s sales for the six months to the end of June 2014 rose 25 per cent YoY to EGP559m. In other news, the company’s board has agreed to convert to using coal as an energy source at an investment cost of around EGP400m. |
Suez Cement 1H earnings rise on cost control efforts23 July 2014, Published under Cement NewsSuez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouraging, energy shortages remain a key concern for the Italcementi group company. SCGC, which operates a network of five production facilities across Egypt, reported a 23 per cent increase in consolidated revenues in the six months to the end of June 2014. Recurring EBITDA was six p... |
Sinoma International secures Egyptian turnkey project10 July 2014, Published under Cement NewsChina National Materials Company Limited's (CNBM) subsidiary Sinoma International Engineering has won a turnkey contract for two new cement 5775tpd kiln lines with the Ministry of Defense of Egypt. The project is to be situated in Sinai in Egypt, about 50km south of El-Arish. The contracts are said to be worth EUR270m. |
Egypt: Gas prices increase for cement firms07 July 2014, Published under Cement NewsThe government has raised gas prices for Egyptian cement factories to US$8/m British Thermal Units (BTUs) compared to US$6 previously, while fuel oil increased from EGP1500/t (US$209.8/t) to EGP2250/t (US$314.7/t). An official cement company spokesperson anticipated cement prices to increase in the coming days due to higher production costs. A number of cement companies operating in Egypt are looking to use coal as an alternative source of energy this year. “Energy represents 60 per cent o... |
Misr Beni Suef signs equipment contract to facilitate coal usage20 June 2014, Published under Cement NewsMisr Beni Suef Cement has reportedly signed contracts with a European company for the equipment needed to operate a kiln line with coal, involving an investment of EGP200m (US$28m). A company source told local press that after the purchase the cement producer would operate one line with coal and the other with natural gas. Misr Beni Suef Cement is negotiating with several bank for financing part of the deal. (Source: Mist News) |
ACC begins preliminary coal usage, Egypt03 June 2014, Published under Cement NewsEgypt-based Arabian Cement has started testing coal at its cement plant as part of plans to secure alternative energy sources. In April, the government approved the use of coal for energy production in the hope that it would prevent any further weakening of output levels due to energy restrictions. In addition, ACC has been making strides with the use of other energy sources. “The company has already completed the first phase of its plan for converting solid waste, which currently provi... |