Helwan Cement to install WHR system
Suez Cement Group of Companies (SCGC), owned by Heidelberg Cement group, has announced an investment of around US$20m to build a waste heat recivery system (WHR) at its Helwan...
Egypt
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Misr Cement (Qena) posts 9% profit increase
Egypt’s Misr Cement (Qena) has recorded a 9.2 per cent YoY advance in consolidated net profit for the January-June period of 2021, rising to EGP69m (US$4.39m) from EGP63m in th...
Sinai Cement records 1H21 net loss of EGP253m
Sinai Cement Co reported a standalone net loss of EGP252.666m (US$16m) in the 1H21, according to the company’s financial statements. This marked a YoY rise of three per cent w...
Arabian Cement Co sees net loss widen in 1H21
Egypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. S...
Titan Cement’s reports strong US and Greek revenues in the 1H21
Titan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in ...
Vicat confident cement business in Egypt will improve
Vicat has been operating in the Egyptian market for the past 17 years, since its acquisition of the Sinai Cement Co in 2003 and it will keep investing in the country even duri...
Redecam completed Sokhna cement baghouse project
A new Redecam Group Sp A turnkey project has been successfully started up on Line 2 at LafargeHolcim’s Sokhna cement plant, Egypt. Redecam Egypt converted the main kil...
Egypt to cut cement manufacturing by 11%
Egypt's competition authority has approved a request by 23 cement manufacturers to temporarily reduce production to reduce output, setting a baseline cut at 10.69 per cent. ...
Sinai Cement approves Sinai White Portland Cement exit
Sinai Cement Co approved the sales of its shares in Sinai White Portland Cement Co based on the fair value of Sinai White’s share, according to a filing to the Egyptian Exchang...
Sinai Cement sees net sales rise 34% YoY
Egypt’s Sinai Cement has seen its net loss widen to EGP147.97m (US$9.45m) in the first quarter of 2021, compared to EGP105.8m in the year-ago period. However, net sales incre...