Cement News tagged under: Beltone Financial

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Egypt: new licences may threaten Misr Cement

04 July 2016, Published under Cement News

The Egyptian government will announce the results of the license 8 tender on 30 July, which will see the addition of new production capacity to compete with current companies in the market. Beltone Financial said that the future of Misr Cement-Qena’s market share is under threat, as the company currently occupies the second position in the market, following Cemex. Beltone has predicted that cement prices in the country will remain low, at a price of EGP500/t (US$56.33/t), until 2018, comp...