Misr Cement Qena production sold out

Misr Cement Qena production sold out
Published: 07 April 2004

The cement production of Egypt’s Misr Cement Qena is sold out until February 2005 as a result of the increasing demand for the company’s products on the domestic and foreign markets, Misr Cement Qena chairman, Mohamed Mahmoud Ali Hassan reports, mainly because of its high quality and compliancy with global standards. Misr Cement Qena has also carried out a feasibility study on the setting up of a new production line with an annual capacity of 1.5Mt, the chairman said. The line is to become operational in about 18 months.  Misr Cement Qena posted a net profit of 30.5 mln pounds (US$4.95m) for 2003, down from US$9.2m in 2002. The company said it exported clinker and cement worth US$12m in the second half of 2003.