Egyptian cement demand has fallen 20% since May
Since Egypt's Ministry of Local Development (MLD) suspended building licences for six months in the governorates of Greater Cairo (Cairo-Giza-Qalyubia), Alexandria, and provinci...
Egypt
534 posts · Page 18 of 54
Misr Beni Suef Cement records 84% rise in profit
Egypt’s Misr Beni Suef Cement Co has seen its profit rise 84 per cent YoY to EGP29.5m (US$1.85m) during the second quarter of 2020, against EGP16m in the 2Q19. The company also ...
Misr Cement Co sees 330% surge in net profit
Egypt’s Misr Cement Co (Qena) has reported a 330 per cent surge in consolidated net profit to EGP63.25m (US$3.96m) for the first half of 2020, against EGP14.69m in the 1H19. Sta...
South Valley Cement sees net loss widen 7% in 1Q20
Egypt’s South Valley Cement Co saw its net loss widen seven per cent YoY to EGP41.39m (US$2.59m) in the first quarter of 2020, against an EGP38.45m net loss in the 1Q19. The ann...
Alexandria Portland Cement reports widening net loss in 1H20
Egypt’s Alexandria Portland Cement has announced its net loss widened 26 per cent YoY to EGP212.75m (US$13.29m) in the first half of 2020, up from EGP168.99m in the 1H19. The co...
Vicat's 1H20 results see consolidated sales of EUR1.3bn
Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent...
Titan Group's 1H20 revenues stable at EUR786m
Titan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitiou...
Mondi Paper Bags acquires two cement bag lines in Egypt
Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Co and InterCement Sacs, two major ...
MENA outlook: Egypt and Saudi Arabia market prospects
This week, Cemtech hosted its latest live webinar which considered global market trends and provided an update on the dynamic Egyptian and Saudi Arabian markets in particular. E...
Suez Cement CEO calls for government to support industry
Jose Maria Magrina, CEO of Suez Cement (HeidelbergCement), has called for the government to set out a plan to rationalise the Egyptian cement market. "There is a large surplus i...