President El-Sisi inaugurates Beni Suef cement complex
Egyptian President Abdel-Fatah El-Sisi inaugurated on 15 August the US$1.1bn cement and marble complex in Beni Suef governorate as part of the government’s development drive. ...
Egypt
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Arabian Cement profit soars 197% in 1H18
Egypt's Arabian Cement posted a 196.6 per cent hike in consolidated profits to EGP212.76m (US$11.89m) in 1H18 from EGP71.71m in 1H17, the company said in a filing to the Egypti...
Suez Cement reports net profits of EGP250m in 1H18
Suez Cement reported EGP250.59m (US$14m) in net profits for the six-month period ended June, against a loss of EGP40.61m in the year-ago period, according to a filing to the Eg...
National Cement Co makes net loss of EGP744m before tax
National Cement Co of Egypt recorded a net loss of EGP744m (US$41.5m) before taxes during the first nine months of fiscal year 2017-18, compared to a loss of EGP615.6m in fisca...
Adverse weather and foreign currency exchange affect Titan's 1Q18
Τitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other...
Cemex helps build new Sinai tunnel connection
Through a joint venture with Orascom Construction and The Arab Contractors (Osman Ahmed Osman & Co), Cemex is supplying 350,000m 3 of concrete and 160,000t of cement for the c...
Mixed results for Egyptian producers
Egypt’s Alexandria Cement has announced a further consolidated net loss in the first quarter of 2018, which widened 17.1 per cent YoY to EGP34.78m. Furthermore, the company rec...
Saudi company to invest in Egyptian production lines
A Saudi Arabian company is expected to invest EGP500m (US$28.37m) in three Egyptian production lines, according to Ahmed Abdel Razek, head of the General Authority for Industri...
Cement prices in Egypt fall after March high
Following their rise to EGP1250/t in March, cement prices in Egypt are dropping back to EGP950 this month, according to AhramOnline. The resumption of production at the Arish...
Increased demand for alternative fuel in Egypt
Egypt’s Minister of Environment, Khaled Fahmy, has opened a cement production line at Arabian Cement Co’s facility in Ain Sokhna, Suez, that uses Hot Disk technology for altern...