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 financ...
Egypt
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Arabian Cement’s positive energy
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
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. Mo...
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 2...
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....
Alexandria Development seeks 100% acquisition of Alexandria Portland Cement
Egypt’s Alexandria Development Ltd (Titan Cement International) has announced its intention to acquire the remaining 11.07 per cent stake in Alexandria Portland Cement. It alre...
Egypt's overcapacity continues to hamper cement sector
This week, the cement industry is preparing for the 24th AICCE Cement Conference and Exhibition in Cairo, Egypt, which is to be held between 24-26 November 2019. The country ha...
Arabian Cement sees reduced profit in the 9M19
Egypt’s Arabian Cement Co has reported an 85 per cent YoY fall in profit to EGP32.9m (US$2.04m) in the first nine months of 2019, compared to EGP214.8m in the year-ago period. ...