Egypt's largest listed cement maker by market value, Suez Cement, has announced that it made a net loss of 50 million Egyptian pounds (US$6.23 million) in the third quarter compared with a net profit of 52 million pounds in 2014.
The company’s revenue dropped to 1.177 billion pounds in the three months ending September 30 from 1.442 billion.
Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
The company has supported Tan Thang Cement to successfully complete the commissioning of ABB Ability™ digital solutions at a new cement plant in Nghe An province, Vietnam.
Pending final government approval, Suez Cement is reportedly planning a EGP300 million conversion project to switch two of its plants to burn coal instead of natural gas.
