Manufacturers turns down export orders around 4-5Mt, Egypt

Alaa Mouneir, Suez Cement Chairman, reported today in a local newspaper that Egyptian cement manufacturers have recently turned down export orders pertaining to approximately 4-5Mt  in an attempt to meet local demand.

The Chairman further stated that the company, along with Torah Cement , is set to maintain prices at their current levels, which range at an ex-factory LE230-240/ton.

Moreover, Mouneir affirmed that the prevailing levels of Egyptian exports are not expected to persist, particularly with new regional players scheduled to commence operations in 2006.