HeidelbergCement updates on portfolio optimisation
HeidelbergCement has reported that it closed the divestment of its 50 per cent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a fo...
Egypt
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No reprieve for National Cement Company
Hisham Tawfik, Egypt's Minister of Public Business Sector, confirmed that the state-run National Cement Company (NCC) of Egypt will be shut down. NCC had closed after the public...
ACC to restructure existing debt
Egypt’s Arabian Cement Co plans to restructure its existing US$23m and EGP499.3m outstanding debts due to one of the country’s banks, through a syndicated loan from the European...
ASEC extends O&M contract at Al-Minya Cement to 2021
ASEC, the leading cement operator in Africa and the Middle East, announced today the renewal of its technical management agreement with Al-Minya Cement Company for a new term un...
Egypt's National Cement Co to be liquidated
The Egyptian government has decided to liquidate National Cement Co due to continued financial losses and debt accumulation, according to Ahramonline. Total accumulated financia...
HeidelbergCement
HeidelbergCement subsidiary Suez Cement Co, which came with the purchase of Italcementi, has agreed in principle to sell the El Minya white cement works to Emaar Industries Comp...
FEI: Egypt faces oversupply
Cement demand declined in 1H18 to 25Mt, compared with 26Mt in 1H17, according to Noha Bakr, the head of the cement committee of the Federation of Egyptian Industries (FEI). In 2...
New owners for El Minya Cement
This week CemNet reported that Helwan Cement's 1Mta white cement plant in Egypt's Minya governate is being sold to Emaar Industries Co of UAE, subject to regulatory approval. Th...
New owners for El Minya white cement
This week CemNet reported that Helwan Cement's 1Mta white cement plant in Egypt's Minya governate is being sold to Emaar Industries Co of UAE, subject to regulatory approval. Th...
Egypt's National Cement Co goes into liquidation
Egypt's Ministry of Public Sector has announced that the National Cement Co (NCC) has fallen into liquidation. NCC's kiln lines had been shutdown since 31 May 2018.