Cement News tagged under: Tourah Portland Cement Co
Metallurgical Industries sells 6.4m shares in Tourah Portland Cement30 November 2020, Published under Cement NewsEgypt’s Metallurgical Industries Holding has reportedly sold 6.4m shares in Tourah Portland Cement. The share sale has a value of EGP45.7m (US$2.91m). Tourah Portland also reported a net loss in its 3Q20 results last week. |
Tourah Portland Cement reports 10% decline in net sales24 November 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has reported a net loss of EGP56.7m (US$3.62m) in the third quarter of 2020, compared to a net loss of EGP55.3m in the year-ago period. Net sales declined 9.8 per cent YoY to EGP13.8m from EGP15.3m in the 3Q19. |
Suez Cement expected to increase stake in Tourah Portland30 September 2020, Published under Cement NewsEgypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according to a disclosure to the Egyptian Exchange (EGX). Suez Cement already owns 66.12 per cent of Tourah. Upon the execution of the offer, the latter is expected to voluntary delist its shares from the EGX. HeidelbergCement is also proposing to launch a tender offer to increase its 55.08 per cent stake in Suez Cement t... |
Tourah Portland Cement sees loss widen in 1Q2029 June 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has seen its net loss widen to EGP64.9m (US$4m) in the first quarter of 2020, compared to EGP50.9m in the 1Q19. The company also reported an 82.8 per cent YoY decline in sales to EGP50m from EGP290.8m. |
Tourah Portland Cement posts net loss in 201910 March 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has posted a net loss of EGP617.25m (US$39.3m) in 2019, compared with an EGP36.09m profit in the previous year. Total sales also declined 51.7 per cent YoY to EGP531.75m from EGP1.1bn. The company’s board of directors has reportedly stated that it has been one of the worst years for the industry due to higher supply, stronger competition and lower demand. |
Tourah Cement sells off kilns and mills for EGP31m01 January 2020, Published under Cement NewsTourah Portland Cement Company announced the sale of decommissioned kilns and grinding mills at a public auction held on 16 December. The items, which had ceased operation in 2013, raised EGP30.7m (US$1.91m), according to a statement to the Egyptian Exchange (EGX) on Monday. The company will also sell some scrap to its subsidiaries. During the first nine months of 2019, the company's losses widened to EGP516.56m from EGP19.6m a year earlier. The company suspended production in June 2019... |
Tourah Cement sees net loss widen 205%15 August 2019, Published under Cement NewsEgypt’s Tourah Cement has seen its net losses widen 204.7 per cent YoY for the first six months of 2019, surging to EGP461.25m (US$27.78m) from EGP2.24m in the 1H18. On a quarterly basis, the company’s net loss advanced to EGP50.9m in the 1Q19 from EGP13.8m in the corresponding period of 2018. |
New contract for Boldrocchi Ecologia in Egypt17 April 2015, Published under Cement NewsBoldrocchi Ecologia has signed a new contract with Tourah Portland Cement, a subsidiary of Suez Cement Group of Companies (SCGC), for revamping of the whole Line #9 de-dusting units at the Tourah plant in Cairo. The turnkey contract includes new kiln and raw mill bag filters, bypass bag filter, clinker cooler heat exchanger and bag filter with new exhaust fans. Installation, commissioning and start-up is expected to take place during the August 2016 kiln shutdown. Boldrocchi has also ... |
Egyptian Tourah Portland Cement net loss widens04 November 2014, Published under Cement NewsTourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP37.72m versus EGP 20.57m a year earlier and operating loss amounted to EGP37.3m, compared to EGP 15.45m Gross loss came in at EGP16.9m, against EGP 3.56m. Revenue, however rose to EGP259.14m from EGP169.58m in the comparative period of the year before. Last week, parent company Suez Cement reported an increase in t... |
Page
1
of
1
1