Lafarge Egypt appoint Ayat Zanaty as new CFO
Lafarge Egypt has appointed Ayat Zanaty as its new Chief Financial Officer, making her the first woman to hold the Country CFO position in the company’s history. With more than ...
Egypt
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North Africa builds the future Premium
The north African cement countries of Algeria, Egypt, Tunisia, Libya and Morocco manufacture a total of around 189Mta of cement. The leading markets of Algeria and Egypt are pro...
Egyptian Government curbs cement price hikes
Egypt’s government has stepped in to stabilise the cement market after months of soaring prices, with Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir...
South Valley Cement to sell subsidiary
South Valley Cement has announced an agreement to sell its 47.61 per cent shareholding in Building Materials Industries to Spain’s Instituto Tecnológico de Informática (ITI) for...
Sinai Cement posts 18% profit growth in 1H25
Sinai Cement reported consolidated net profits of EGP768.81m (US$15.7m) in the first half of 2025, up 18.03 per cent YoY from EGP651.31m. The Egyptian company’s net sales surged...
Misr Qena Cement net profit leaps to EGP784m in 1H
Egypt-based Misr Cement Qena Co reported net sales of EGP2.05bn (US$43.2m) in the second quarter of 2025, up 97.1 per cent when compared with the 2Q24 results of EGP1.04bn. Net ...
Vicat reports consolidated sales of EUR1885m in 1H25
Vicat reported 1H25 net sales fell 2.7 per cent as reported and 0.2 per cent like-for-like (LfL) due to a slowdown in USA, India and Africa. Consolidated sales totalled EUR1885m...
Misr Qena sees six-fold profit jump
Misr Cement Qena Co posted a 45.3 per cent increase in net sales to EGP1.824bn (US$36.69m) in the 1Q25 from EGP1.255bn in the equivalent period of the previous year. The company...
Arabian Cement sees 32% hike in 1Q sales
Arabian Cement Co reported a 287 per cent increase in consolidated net profits after tax of EGP590.37m (US$11.9m) in the 1Q25 from EGP152.64m in the 1Q24. The rise in profit com...
South Valley Cement losses deepen
South Valley Cement saw a 101 per cent rise in sales to EGP660.198m (US$13.3m) in the 1Q25 from EGP328.379m in the 1Q24. However, the company increased its losses after tax more...