Tourah Portland Cement posts net loss in 2019
Egypt’s Tourah Portland Cement has posted a net loss of EGP617.25m (US$39.3m) in 2019, compared with an EGP36.09m profit in the previous year. Total sales also declined 51.7 per...
Egypt
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Suez Cement sees net loss narrow in 2019
Egypt’s Suez Cement has seen its consolidated net loss narrow to EGP1.18bn (US$75.23m) in 2019 from EGP1.32bn in the previous year. However, sales declined 13.1 per cent YoY to ...
Misr Cement-Qena reports 84% profit drop in 2019
Egypt-based Misr Cement (Qena) an 84 per cent YoY decline in consolidated net profits to EGP16.45m (US$1.05m) in 2019, compared with EGP104.39m in 2018, according to a statement...
Arabian Cement sees 88% profit fall in 2019
Arabian Cement Co posted a 87.5 per cent drop in net profit to EGP28.93m (US$1.85m) in 2019 when compared with the previous year, according to the company’s consolidated financi...
Arabian Cement’s positive energy Premium
Following its response to Egypt’s 2014 energy crisis, Suez-based producer Arabian Cement Co (ACC) has become a pioneer in the field of industrial energy efficiency. Having made ...
North Africa in focus Premium
North Africa is experiencing a turbulent political and economic period. Meanwhile the region seeks to increase the pace of development with cement consumption reaching 100Mt in ...
Egypt's cement sector is relying more heavily on coal
Egypt saw thermal coal imports rise by 31 per cent to 6.32Mt in 2019, according to official data from the port of Alexandria, driven by strong demand from the cement sector. Mos...
ASEC signs 3-year O&M contract extension with Sinai White Cement
ASEC, the leading O&M operator in the MEA region, announced the renewal of its Technical Management contract with Sinai White Cement Co until December 2022. The two-line cement ...
Tourah Cement sells off kilns and mills for EGP31m
Tourah Portland Cement Company announced the sale of decommissioned kilns and grinding mills at a public auction held on 16 December. The items, which had ceased operation in 20...
South Valley Cement losses increase sharply
South Valley Cement Company, Egypt, posted a 930 per cent year-on-year increase in losses during the first nine months of 2019, according to the company’s financial statements. ...