Cement News tagged under: Egypt
Suez Cement reports 54% decline in 2011 net profit24 February 2012, Published under Cement NewsSuez Cement of Egypt posted a 54 per cent decline in 2011 due to political unrest and uncertainty. Net income fell to EGP568.6m (US$94m) from EGP1.24bn in 2010, the company said. With visibility in the Egyptian market still fairly poor, the company said in a statement to the Egyptian bourse: “The outlook is still very uncertain in the current political context and before a stable government can be established.” |
Egypt to announce fresh round of licences15 February 2012, Published under Cement NewsA new round of licence bidding for greenfield cement plants in Egypt will get underway within the next three months. A representative of the minister of trade and industry announced that the government will issue 14 licences for the construction of new cement plants, with priority being given to Egyptian bidders. |
Suez Cement bag filter project completed, Egypt09 February 2012, Published under Cement NewsEgypt’s Head of Environmental Affairs, Eng. Hossam Hegazy, accompanied by a number of senior officials from his ministry visited on Tuesday, February 7th, 2012, Tourah Portland Cement Company (TPCC), a subsidiary of Suez Cement group of Companies (SCGC) to mark the completion of the project to replace the electrostatic filters in line eight with bag house filters. The project is funded partially with a loan from the Egyptian Pollution abatement Project (EPAP II) of EEAA.??Upon arrival, th... |