Misr Cement (Qena) approves operations and maintenance programme
The board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). The fac...
Egypt
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Suez Cement awards WHRPG project to Korra Energi
Korra Energi has been awarded a new strategic, 'Waste Heat Recovery for Power Generation (WHRPG) project at Helwan Company ( Suez Cement Group), which is affiliated with Heidelb...
Sinai Cement reduces 1Q loss
Egypt-based Sinai Cement , owned by Vicat , has posted consolidated net losses after tax of EGP67.19m (US$3.6m) in the first quarter of 2022, an improvement when compared with t...
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 EGP4...
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, accord...
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 Co...
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 imple...
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 valu...
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 HeidelbergCem...
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 disput...