Cement News tagged under: coal
Italcementi03 October 2014, Published under Cement NewsItalcementi's Egyptian subsidiary Suez Cement is expecting to start burning coal at its Katameya (Suez) works this autumn and the use of coal will also be introduced at the Tora and Helwan works within the next two years. The subsidiary Italgen is bringing on-stream 120MW of wind power generated electricity capacity by the end of this year, which should cover some 40 per cent of Suez Cement's electricity requirements. After the completion of a second investment programme, hopefully in 201... |
Suez Cement plant to switch to coal19 September 2014, Published under Cement NewsItalcementi Group is looking to find a long-term solution to the fuel shortage problems it faces in Egypt with its subsidiary Suez Cement. Suez Cement needs to find a reliable fuel source for its cement plants to keep its 18 per cent of local cement sales. The Suez plant will use coal next November, while two of the group’s its other factories in Tora and Helwan will start in two years' time, said Suez Cement Co CEO, Omar Mehanna. “We will begin using coal to generate energy for cement prod... |
Lucky alters ownership structure of coal-based power project17 September 2014, Published under Cement NewsLucky Cement has announced a change in the planned structure of its 660MW coal-based power plant, according to a company notice issued to the Karachi Stock Exchange, The board of directors of Lucky Cement has decided that Lucky Electric Power Company Ltd will be a wholly-owned subsidiary of Lucky Cement instead of Lucky Holdings Ltd. Intially, the group planned to set p the power plant as a wholly-owned subsidiary under the 75 per cent-owned ubsidiary Lucky Holdings Ltd. While the ... |
Egypt: Sinai Cement to self-finance coal conversion12 September 2014, Published under Cement NewsEgypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse statement on Wednesday that it will not resort to neither loans nor credit facilities to fund the plant's conversion to coal. (Source: EGX & Arab Finance Editor) |
Siwertell order for new Myanmar cement facility10 September 2014, Published under Cement NewsCargotec's Siwertell has received an order from CITIC Heavy Industries Co Ltd (CITIC) for a rail-travelling ship unloader. The ST-640 M-type unloader has been ordered to support the energy production requirements for a new cement production facility in Myanmar and will unload coal from barges at a rate of 800tph. The facility is being built as part of a collaboration between CITIC and the Thailand-based Siam Cement Group subsidiary, Mawlamyine Cement Ltd (MCL). CITIC states that the new pr... |
Nigeria: Ashaka trebles profit in 1H1411 August 2014, Published under Cement NewsNigerian Lafarge subsidiary Ashaka Cement has reported a 1H14 profit after tax of NGN3.51bn (US$21.5m), a 201 per cent increase than its 1H13 figure of NGN1.15bn. Pretax profits at the company surged 166 per cent YoY from NGN1.65bn to NGN4.39bn in 1H14. The stellar rise in profit figures has been attributed partly to Ashaka's switch to coal from the Maiganga Coal Mine in Gombe State, a significantly cheaper alternative in its power generation. This resulted in a reduction of production co... |
Lucky Cement plans Karachi coal-based power plant17 July 2014, Published under Cement NewsLucky Cement plans to invest in a coal-based power plant in Karachi, Pakistan, through its subsidiary Lucky Holdings Limited (LHL). The board is recommending to shareholders the approval of the US$200m investment to be set up by a new entity under the name of Lucky Electric Power Company Ltd, of which Lucky Cement would own a 75 per cent stake through LHL and has agreed to maintain at least a 20 per cent indirect stake to the sixth anniversary of the commercial date of operation. The ... |
India: local tax on coal mines to hit cement firms24 March 2014, Published under Cement NewsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ... |
Maximising AF usage25 February 2014, Published under Cement NewsWhile the use of alternative fuels (AF) continues to increase, the desired targets always pose challenges as the price and properties of waste-derived fuels vary. Therefore, a better understanding of AF utilisation is essential to mitigate any potential negative effects on kiln stability, product quality and emissions. The case study detailed below highlights the effectiveness of using MI-CFD as an engineering tool to reduce CO emissions when AF is co-fired with coal at the kiln front-end. B... |
Waiting for the light19 November 2013, Published under Cement NewsWith cement demand growth slipping below six per cent in 2012, India appears to have fallen short of expectations, in spite of remaining a high-growth market by global standards. As the NCB prepares for its 13th International Seminar on Cement and Building Materials on 19-22 November in New Delhi, ICR looks at the prospects of India’s cement sector. The beginning of 2013 proved a challenging time for the Indian cement sector. As production capacity continues to rise, the industry i... |