Misr Beni Suef Cement sees profits surge to EGP48m in 1Q22
Egypt-based Misr Beni Suef Cement reported net profits after tax of EGP47.65m (US$2.56m) in the 1Q of 2022, up from EGP37.42 in the 1Q21. The company’s revenues advanced to...
Egypt
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Lafarge Egypt and Lumika sign US$93m solar power pact
Holcim-owned Lafarge Egypt has signed a US$93m long-term agreement with Lumika Renewables Egypt, part of the AP Moller Egypt, to generate 140GWh of solar energy annually, accor...
Vicat Cement Egypt's acquisition of Sinai Cement approved
The Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement C...
Titan Cement introduces digital transformation to Egyptian plants
Titan Cement ’s in-house proprietary advanced analytics methodology has been successfully rolled out in the company’s two cement plants in Egypt , following the successful im...
Sinai Cement reports higher sales, narrow loss in 2021
Egypt-based Sinai Cement Co , owned by Vicat , reported a 61.9 per cent increase in sales to EGP1.44bn (US$78.8m) in 2021 when compared with 2020 when the company sold to a v...
Suez Cement Group appoints new CEO
Effective 1 May, José Maria Magrina, who led the Suez Cement Group of Companies as CEO for the last six years, will leave the company and start a new position with HeidelbergC...
Vicat and Egypt settle investment dispute
Egypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment dispu...
InterCement records total cement and clinker volumes of 20.1Mt in 2021
InterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable whe...
Titan Cement records revenue growth of EUR1714.6m in 2021
Titan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 p...
El Nahda Cement and ASEC extend technical management contract
The contract between El Nahda Industries ( El Nahda Cement) and The Swiss Arab Engineering Company (ASEC) has been renewed and the cooperation between the two companies will c...