Latest in Tag: Suez Cement Highlight
Latest in Tag: Suez Cement
Suez Cement contracts with Intro Power to produce green electricity with investments worth EGP 350m
The project will provide a production capacity of 45 GWh of clean electricity, which eliminates approximately 22,000 tonnes of CO2 emissions annually or 440,000 tonnes over 20 years.
Suez Cement, Tourah Portland announce voluntarily delisting from Egyptian Exchange
Suez Cement said, in a statement, that after the implementation of the deal, the stake of the bidder and its associated parties is expected to reach 154.2m shares, representing 84.8% of the company’s capital, and it is expected to increase to 91.3%.
FRA approves HeidelbergCement’s MTO for acquisition of Suez Cement
The FRA also approved a MTO submitted by Suez Cement, which is 55.08% owned by HeidelbergCement, to acquire 100% of its subsidiary Tourah Portland Cement at EGP 7.18/share.
Suez Cement appoints Grant Thornton as financial advisor ahead potential acquisition
Heidelberg Cement France, which owns 55.08% of Suez Cement, to submit bid to fully buy company’s shares
HiedelbergCement eyes full acquisition of Suez Cement
Tourah Cement to be delisted following full acquisition by Suez Cement
Cement industry requires support from local government not export subsidy: Suez Cement CEO
Cement is critical commodity, and big local and international businesses have invested billions in Egypt’s cement industry, says Magrina
Suez Cement reports net loss of EGP 291m in Q1 of 2020
Company attributes quarterly loss to weak operating performances on back of plummeting demand
Suez Cement board, senior management take salary cuts due to COVID-19
Company hit by general low demand, high production costs due to the economic fall out from the virus
Egypt has to learn from other countries’ experience in solving cement crisis and it’s not export based: Suez Cement
Cost of production increased by about 11% after the fuel price hikes, says managing director
Suez Cement’s profits decline in 9 months
There was an 81% decline in the company’s net profits in comparison to last year
Wind farm project remains under negotiations: Suez Cement MD
Company is still holding discussions with Egyptian authorities to ensure project is viable to be financed
Conversion of 2 facilities to cost about €60m: Suez Cement official
Discussions for conversions permit are ongoing with the environment ministry
Suez Cement net profit down 61.8% YOY in 1H of 2015
Company’s Q2 net profit registers EGP 60.9m
Suez Cement seeks to increase production capacity by 15%
Italcementi’s CEO said in March the company is focusing on diversifying energy sources
Suez Cement donates EGP 30m to Tahya Misr
The company will divide its donation to EGP 10bn per year for the next three years
Italcementi to convert 2 facilities in 2015, to bring latest products to Egypt
Italcementi, the Suez Cement company’s Italian owner, will convert two new facilities in 2015, adding to two facilities converted in 2014, Italcementi Managing Director Bruno Carrè told Daily News Egypt. “We are investing some EGP 400m per year for four years,” Carrè said. “We have done one and we converted two plants and we have …
2014 Revenues will exceed EGP5.5bn: Suez Cement-Italcementi CEO
Suez Cement-Italcementi Group’s revenues in 2014 will exceed EGP 5.5bn according to the Group’s CEO, Bruno Carre in an interview with Daily News Egypt. The figure marks an EGP 1.0bn or 20% progression over the previous year. Carre further talked about the group’s recently launched products, their expectations and what will be introduced in …
SCGC celebrates female architects
The Suez Cement Group of Companies sponsors the first national contest for female architects
Suez Cement tackling energy supply deficiency: General manager
The company is in current negotiations with the government to reach an energy supply agreement.
Wind power to run cement plants
A contract with Italgen will create a wind energy park which will power Suez Cement’s plants
Suez Cement managing director: Construction sector pick-up ‘critical’ to economy
Managing Director of Suez Cement Group, Bruno Carre spoke to Daily News Egypt about the company’s current projects and products
Construction companies going green
Cement companies are working to reduce emissions through new initiatives in line with Kyoto Protocol