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. The ...
Egypt
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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 Exchange...
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 increase...
South Valley Cement's net losses narrow in first quarter
Egypt’s South Valley Cement has posted a net loss of EGP35.69m (US$2.28m) during the first quarter of 2021, compared to a net loss of EGP41.39m in the year-ago period. The compa...
Egypt's government set to put the brakes on cement production
The Egyptian government has decided to take direct action to curb the excess production in the country's cement sector. In an attempt to ease the flow of cement, the government ...
Egypt's cement sector sees sales rise 15% YoY
Egypt's cement industry recorded strong sales in March with total sales reaching 4.99Mt, up 22 per cent MoM and 15 per cent YoY. The industry’s utilisation rate also surged to 7...
Lafarge Egypt introduces EcoLabel cement
Lafarge Egypt has announced that it will introducing EcoLabel cement for the first time in Egypt. The new products comply with the group’s green criteria, including having a low...
South Valley Cement sees net loss narrow in 2020
Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declin...
Titan Cement Group records FY20 revenue of EUR1607m
Titan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared...
Arabian Cement reports net loss in 2020
Egypt’s Arabian Cement Co has reported an EGP122.78m (US$7.8m) net loss during 2020, compared with an EGP28.92m profit in the previous year. Sales revenues declined 20 per cent ...