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News Egypt

Displaying items by tag: Egypt

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Suez Cement launches customer loyalty scheme

03 July 2019

Egypt: Suez Cement has launched its ‘Primo’ customer loyalty scheme. It is intended to strengthen communication with its clients and build the cement producer market position. Existing customers will be offered benefits, including a loyalty points system that can be redeemed from shopping coupons.

Published in Global Cement News
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Egyptian cement sales fall by 7.7% to 10.9Mt in first quarter of 2019

26 June 2019

Egypt: Cement sales fell by 7.7% year-on-year to 10.9Mt in the first quarter of 2019. Data from the Central Bank of Egypt shows that production fell by 8.1% to 11.2Mt, according to Mubasher.

Published in Global Cement News
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Update on Egypt

19 June 2019

Tourah Cement in Egypt took the tough decision last week to temporarily stop production. It blamed this on an acute financial crisis rendering it unable to pay its running costs. The subsidiary of Germany’s HeidelbergCement was reported in the Global Cement Directory 2019 as already being partly closed. This latest news is regrettable but not surprising.

Graph 1: Cement consumption and production in Egypt. Sources: Industrial Development Agency, Global Cement Directory 2019, Cement division of the Building Materials Chamber of the Federation of Egyptian Industries.

Graph 1: Cement consumption and production in Egypt. Sources: Industrial Development Agency, Global Cement Directory 2019, Cement division of the Building Materials Chamber of the Federation of Egyptian Industries.

As Graph 1 shows that the backdrop here is of a local cement sector rife with overcapacity. Capacity utilisation rates have hovered around 70% in recent years. The sector breaks down into about a quarter of production capacity under state control and the remainder owned by private companies. Overall, about half of the production capacity is run by multinational companies like Greece’s Titan, France’s Vicat and Germany’s HeidelbergCement.

The country hosts some of the largest cement plants in the world as well as several very big plants by European or North American standards anyway. The whopping 13Mt/yr government/army-run El-Arish Cement plant at Beni Suef opened fully in 2018. It seemed likely that there were going to be losers in the industry following that kind of disruption from a state-owned player. Indeed, Medhat Istvanos, head of the cement division of the Building Materials Chamber of the Federation of Egyptian Industries, explicitly blamed the El-Arish Cement plant for making the situation worse in September 2018. He said that the decision to build the plant was ‘not based on precise information’ and that it had harmed local production.

In the wider picture, the cement sector started to move away from subsidised natural gas and heavy fuel oil to coal instead in the mid-2010s. Tourah Cement mentioned this in its statement about halting production. The government has supported the cement industry through large-scale infrastructure projects and a state-sponsored compensation system under the Contractors Compensation Act that offset the loss prompted by the Egyptian pound’s floatation in 2017.

However, overcapacity has consistently been a problem and this was clear when the El-Arish Cement plant was approved. Exports of cement crept up to 1Mt/yr in 2017 from 0.1Mt/yr in 2015. Yet, as the Low-Carbon Roadmap for the Egyptian Cement Industry pointed out, Egyptian FOB exports of cement cost US$20/t higher than regional competitors such as Turkey. At this kind of disadvantage Egypt lacks the traditional escape route for an overproducing cement sector.

In these kinds of conditions, consolidation appears to be crucial while organic or government-backed demand plays catch-up with the production base. Certainly Egypt has the population and the development potential as its economy grows in the medium to long term. The government stabilising the economy after recent troubles is crucial for the construction industry. In the meantime all is not lost as the focus is on efficiency gains and cost cutting. The growth of alternative fuels as the sector’s fuel mix continues to adjust to the new normal following the abolition of subsidies on natural gas is one example of this.

Published in Analysis
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Sinai Cement starts production efficiency plans

19 June 2019

Egypt: Sinai Cement has started implementing its plans to improve its production efficiency. Vicat Egypt, one of the owners of the company, plans to invest Euro30m into its subsidiary. It has already granted Sinai Cement a loan of Euro10.6m and the cement company received a first tranche of Euro2.6m in April 2019.

Published in Global Cement News
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Tourah Cement stops production due to oversupply

18 June 2019

Egypt: Tourah Cement says it has stopped production due to a financial crisis caused by oversupply in the local market. Jose Maria Magrina, the managing director of Tourah Cement, told employees in mid-June 2019 that production would be stopped temporarily as it couldn’t cover its costs, according to Mist News. Estimated national cement consumption is 50Mt/yr but total production capcaity is 85Mt/yr.

In a statement the subsidiary of Germany’s HeidelbergCement said that new plants had forced producers to lower prices below the cost of production. It has also blamed higher fuel prices due to a cut in government subsidies.

Published in Global Cement News
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Dal Teknik Makina updates on projects in Russia, Egypt and Qatar

15 May 2019

Egypt/Qatar/Russia/Turkey: Dal Engineering Group has released information about recent project from its Dal Teknik Makina subsidiary in Russia, Egypt and Qatar. In Russia Dal Teknik Makina is currently converting a production line at Eurocement’s Zhigulovskiye Stroymaterialy plant in Samara to manufacture white cement. The project started in November 2018.

In Egypt Dal Teknik Makina conducted a technical audit for HeidelbergCement’s Helwan Cement plant in February 2019. It was carried out on clinker production line one. In Qatar Dal Teknik Makina was awarded a contract in February 2019 to install a pilot scale plant for a calcium sulfoaluminate clinker production line. Dal’s engineers will evaluate the concept and identify the possible problems with operation, and supply the complete engineering and instrumentation for the whole project.

Published in Global Cement News
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ASEC renews technical management contract with Misr Beni Suef Cement

24 April 2019

Egypt: ASEC Engineering has renewed its technical management contract with Misr Beni Suef Cement until the end of 2023. ASEC originally worked on the first production line at the plant in 2001. It maintenance contract was renewed in 2007 with the addition of a new production line. The cement plant has a production capacity of 3.1Mt/yr.

Published in Global Cement News
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Suez Cement’s Kattameya plant damaged by wastewater flood

15 March 2019

Egypt: Suez Cement’s Kattameya plant has been damaged by the collapse of a soil barrier around a nearby wastewater treatment lake. The incident caused a flood of 1.5Mm3 of treated water that reached the edge of the cement plant. The plant’s quarry, some power cables and lighting and a road was damaged. No members of staff at the plant were hurt.

The subsidiary of HeidelbergCement estimates that the flood caused around Euro0.5m worth of damage. It says that it previously raised the issue of the wastewater treatment lake with its owner in 2010 following a risk assessment. This led to the construction of the soil barriers.

Published in Global Cement News
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Whale Rock Cement eyes up export market

14 March 2019

Namibia: Whale Rock Cement says it plans to start exporting cement to countries in Africa following the accreditation of its Cheetah Cement products with the Namibia Standards Institute and the South African Bureau of Standards. It hopes to send its exports to Mozambique, Congo and Ivory Coast, according to the Namibian Sun newspaper. The cement producer started producing clinker at its 1.2Mt/yr integrated plant near Otjiwarongo in late 2018. Prior to this it was importing clinker from Egypt.

Published in Global Cement News
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Sinai Cement reduces loss in 2018

12 March 2019

Egypt: Sinai Cement has reduced its net loss to US$17.6m in 2018 from US$20.4m in 2017. Its revenue decreased by 38% year-on-year to US$46.1m from US$74m, according to Mubasher. The company has blamed its financial results on the role of negative currency effects on imported fuel costs. Although this was partly offset by rising cement prices.

Published in Global Cement News
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