Displaying items by tag: Arabian Cement
Arabian Cement’s sales and profit fall in 2018
04 March 2019Saudi Arabia: Arabian Cement’s net sales fell by 34% year-on-year to US$160m in 2018 from US$241m in 2017. Its profit decreased by 89% to US$10.1m from US$93.2m. It blamed the fall in sales and profit on poor demand, increased competition, decreasing sales volumes and lowering prices.
Arabian Cement Company to build US$5m solar project
17 January 2019Egypt: The Arabian Cement Company is to collaborate with the European Bank for Reconstruction and Development (EBRD) and Qatar National Bank (QNB) to build a solar power plant at its Suez cement plant. The banks are providing funding of over US$5m to support the project, according to the Daily News Egypt newspaper. The solar plant will be built in collaboration with Solarize Egypt. It is scheduled to start operation in the second quarter of 2019.
Arabian Cement to increase exports
15 January 2018Egypt: Arabian Cement plans to increase its exports to Africa and Asia. A senior official said the cement producer is considering international expansion amidst strong competition at home, according to Daily News Egypt. At present the company has exported cement to Libya, Yemen, Kenya, Madagascar and Somalia.
Arabian Cement is a joint venture between Spain’s Grupo Cementos La Unión, the majority shareholder, and a group of local investors. It operates a 5Mt/yr cement plant in Suez governorate.
Arabian Cement to spend US$7m on upgrades
08 May 2017Egypt: Arabian Cement has announced three upgrade projects with a budget of US$7m. The projects include the construction of a mechanical crane to feed the kiln of the first production line, a new system to feed the cement mills and a new coal mill, according to the Daily Egypt newspaper. The coal mill project was announced previously in mid-2016.
Arabian Cement steps back from building grinding plant in Brazil
13 December 2016Brazil: Arabian Cement has frozen plans to build a cement grinding plant in the north-west of the country. It said that there was no ‘investment efficiency for the project’ due to the poor Brazilian economy, according to Mubasher. The cement producer originally planned a joint venture in 2014 with Cementos Relampago Company, an affiliate of Cementos La Union, to build a 0.23Mt/yr plant for US$28.7m.
Arabian Cement to spend US$5.7m on new coal mill
21 November 2016Egypt: The Arabian Cement Company plans to spend US$5.7m on a new coal mill for its Suez cement plant. The upgrade is intended to increase production capacity at the site, according to the Daily News Egypt newspaper. At present the plant is operating at 60% capacity by using one coal mill. It imports coal from Europe, China and South Africa through the Dekheila Port of Alexandria and Adabiya Port in Suez.
The cement producer reported that its net profits fell by 36% year-on-year to US$8.97m in the first nine months of 2016 from US$14.1m in the same period in 2015. It blamed this on foreign exchange rates and a drop in sales due to technical problems at the plant.
Arabian Cement to build US$9m petcoke mill
16 August 2016Egypt: Arabian Cement plans to build a US$9m petcoke mill for its cement plant. It is preparing all the necessary legal and financial requirements for the project. The new mill will help the cement plant reduce its operating costs.
Arabian Cement appoints Sergio Alcantarilla as CEO
10 August 2016Egypt: Arabian Cement has appointed Sergio Alcantarilla as its CEO with effect from 3 August 2016. He succeeds Jose Maria Magriña Vadillo.
Alcantarilla was previously the Chief Operation Officer of Arabian Cement. He graduated from the Superior Industrial Engineering School at the University of Seville in Spain. After entering the cement industry in 2002 he worked for five years as a plant manager in Spain before moving to Egypt in 2009.
Arabian Cement launches Al Nasr Cement
19 February 2016Egypt: Arabian Cement Company (ACC) has launched Al Nasr branded Ordinary Portland Cement. The new branded cement is intended to penetrate new segments of the market. It has been launched in Cairo, Giza and Qlayoubia. ACC will continue to produce Al Mosalah branded cement in the other Delta markets.
"We are extremely pleased to announce launching our new cement brand in Egypt, which reinforces our position as one of the largest cement producers in the market," said Jose Maria Magrina, ACC Chief Executive Officer.
ACC also recently announced that is has renewed its plant operation agreement with NLSupervision (NLS). The agreement commenced on 1 February 2016 and run until 31 January 2021. NLSupervision is fully owned by FLSmidth, and will be operating both production lines at ACC's plant located in Suez Governorate.
Loesche supplies two vertical roller mills to Arabian Cement Company
13 November 2015Saudi Arabia: Arabian Cement Company (ACC) is planning to build a new 10,000t/day brownfield cement line in Rabigh.
In order to increase the cement grinding capacities in phase 1, prior to the completion of the new line in Phase 2, ACC placed an order with China National Building Materials Group Corporation (CNBM) for a grinding plant, including two Loesche vertical roller mills.
The project execution will be done on a fast-track concept, which ensures a project schedule of only 13 months. Loesche will supply two large vertical roller mills of Type LM 63.3+3 with a table diameter of 6.3m and a main drive size of 7400kW. Under the fast-track concept, Loesche will not only supply the mills, but also all process related equipment like process filters, process fans, hot gas generators, as well as the complete basic engineering of the grinding plant to ensure a state-of-the-art plant design.