Cementir records strong regional results in 2021
Cementir 's regional markets results for 2021 produced increasing revenues in all markets. The highest revenues outside of Italy were recorded in Belgium and France. Norwa...
Egypt
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Egypt sees 151% cement export surge in 2021
Cement exports from Egypt are up 151 per cent YoY in 2021 to US$456m from US$182m in 2020, according to a recent report by the Export Council for Building Materials, Refractory...
Misr Beni Suef Cement net profit surges to EGP169m in 2021
Egypt-based Misr Beni Suef Cement reported a net profit after tax of EGP169.05m (US$10.8m) for 2021, surging from EGP76.38m in 2020, according to the company’s financial stat...
Egypt sees exports up 180% in 10 months
Cement exports from Egypt in the first 10 months of 2021 have increased 180 percent to US$397m when compared with US$142m in the 10M20, according to the Export Council for Buil...
Arabian Cement exports advance 49%
Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destination...
InterCement's cement volumes remain stable in 3Q21 at 5.4Mt
InterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pan...
Sinai Cement reports 67% rise in net sales
Egypt’s Sinai Cement saw its consolidated net loss contract to EGP323.3m (US$20.58m) in the first nine months of the year, compared with EGP425m in the year-ago period. Consol...
Misr Cement (Qena) announces 168% surge in profit
Egypt’s Misr Cement (Qena) has reported a 168 per cent YoY surge in consolidated net profit during the first nine months of 2021, reaching EGP107.4m (US$6.84m) from EGP40.11m i...
Arabian Cement Co announces contraction in net loss
Egypt’s Arabian Cement Co has announced a consolidated net loss of EGP23.21m (US$1.48m) during the first nine months of 2021, an improvement from the EGP39.77m net loss seen in...
Has Egypt's cement sector turned the corner?
Egypt's cement sector has been battling against the economic tide for a considerable time as overcapacity, the end of energy subsidies and low cement demand has pushed some pro...