El Nahda Cement partially stops production line at Qena plant
Egypt's El Nahda Cement has decided to partially suspend the main line at its 5500tpd Qena plant for nearly six months. The actions come as a result of a decrease in sales and ...
Egypt
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South Valley Cement posts loss in 1Q19
Following reports that its total profit fell 54 per cent in 2018 , Egypt-based South Valley Cement has announced that it made a loss in the first three months of 2019. The co...
Egyptian cement sales decline 8% in 1Q19
Total cement sales in Egypt declined 7.7 per cent QoQ to 10.9Mt during the first quarter of 2019, while production decreased 8.1 per cent QoQ to 11.2Mt, according to the Centra...
Tourah Cement halts production due to oversupply
Egyptian cement producer Tourah Cement, owned by Heidelberg Cement, has suspended production as a result of oversupply in its domestic market. The company is considering liquid...
Sama Cement reduces stake in Sinai Cement
Sama Cement has announced that it has sold around 2m shares in Sinai Cement, decreasing its stake in the company from 9.689 per cent to 6.75 per cent, according to a statement ...
Vicat's Egyptian market share targeted to reach 5%
Vicat has a market share of under three per cent in Egypt, but Tamer Magdy, CEO of Vicat Egypt, claims that the company will achieve profit early next year, while it aims to ta...
Can Titan expect a better 2019?
This week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss a...
Titan reports 13% advance in 1Q turnover but EUR6.2m net loss
Greece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the hi...
El Sewedy Cement sells Sinai Cement stake
Egypt-based El Sewedy Cement has sold its entire stake of 7.476 per cent in Sinai Cement’s capital for EGP41.97m (US$2.46m), or at an average price of EGP8.25/share, EFG Hermes...
South Valley Cement profit down 54% in 2018
Egypt-based South Valley Cement Co posted a profit of EGP10.18m (US$597,032) in 2018, representing a 54 per cent YoY dropwhen compared with EGP22.14m reported in 2017, accordi...