South Valley Cement reports decline in net losses in 2022
Egypt’s South Valley Cement has reported sales in 2022 of EGP873.73m (US$28.3m), up from EGP284.62m in the previous year, according to Zawya. Over the same period, the compan...
Egypt
531 posts · Page 10 of 54
CEMEX extends VeryNile plastic waste initiative
The CEMEX and VeryNile initiative have expanded the scope of the partnership to reach the CEMEX Egypt's hometown of Assiut. This comes after the success achieved by their par...
Vicat increases stake in Sinai cement
France-based Vicat SA has increased its stake in Egypt’s Sinai Cement from 51 per cent to 67 per cent. According to Reuters, Vicat bought additional shares worth US$5.65m f...
Lafarge Egypt to increase AR rate to 50%
Lafarge Egypt plans to increase its alternative fuel rate to 50 per cent in the near future. Speaking at the Euromoney Egypt Conference 2022 in Cairo last week, Ahmed Khalifa...
Arabian Cement back in profit in 9M22
Egypt’s Arabian Cement Company has reported revenue of EGP3333.9m (US$135.9m) in the first nine months of 2022, up from EGP1568.1m in the same period a year earlier. Profit a...
Arabian Cement Co amends solar power contract
Arabian Cement Co (ACC) has announced the signing of an amendment to its 2019 contract with Amarenco SolarizEgypt (ASE) to establish a Solar Photovoltaic (PV) plant at its Su...
Suez Cement orders 45GWh solar power project
Suez Cement Group ( Heidelberg Materials ) signed an electricity generation agreement with Intro Power and Utilities with the aim of constructing a solar power plant at the ...
Study aids decarbonisation plans in emerging markets
A recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, t...
Private investor ups stake in Arabian Cement
Private investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The de...
Energy crisis - plant closure warning
CEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures a...