Cement News tagged under: National Cement Company
Egypt: National Cement swings to full-year loss03 October 2014, Published under Cement NewsNational Cement Co swung to a net loss of EGP138.4m (US$19.35m) in the fiscal year ended 30 June 2014 from a net profit of EGP93.5m for the year-earlier period. The pretax loss for the reported 12 months amounted to EGP135.5m, versus a pretax profit of EGP93.31m. The Egypt-based producer attributed the sharp negative change in its financial performance to two main factors: lower production costs of its competitors and discounts prices amid fierce market competition. |
Egypt: National Cement denies production stoppage due to high energy prices10 January 2013, Published under Cement NewsNational Cement denied news claiming that company"s operations will be halted due to higher gas and mazout prices. The company added, in a release responding to Egyptian Stock Exchange inquiries that, this news is totally untrue. The company pointed out that, it is studying means of using alternative fuel in production. |
New contract for FLSmidth in Egypt30 July 2012, Published under Cement NewsFLSmidth has been awarded a contract by National Cement Company of Egypt for operation and maintenance of two of their production lines located in Cairo, Egypt. The parties have agreed not to disclose the value of the contract which covers a period of seven years. The contract which is the largest operation and maintenance contract awarded to FLSmidth up until now includes supply of spare parts and consumables, development of a full operation and maintenance organisation, knowledge transfe... |