Egyptian Cement Co seeks loan for Sohag plant
Egyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and constructi...
Egypt
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Arabian Cement launches round 2 of social start-up
Egypt-based Arabian Cement Company (ACC) has launched the second round of its social start-up programme, continuing in partnership with Nahdet El Mahrousa (NM), TradeArabia rep...
National Cement post 1Q loss
National Cement Co of Egypt reported losses of EGP40.4m (US$2.2m) in the first quarter of fiscal year 2016-17 against profits of EGP19.7m for the same period that year before, ...
Arabian Cement quarterly net profit rises
Arabian Cement Co of Egypt posted consolidated net profits of EGP59,741,627 (US$3.3m) in the first three months of this year, versus net profits of EGP34,145,321 in the same pe...
Egypt: FLSmidth wins El Sewedy Cement contract
FLSmidth has been awarded an order from El Sewedy Cement Company for the engineering, procurement and supply of equipment for the expansion of a cement production line. The pla...
Egypt: Alexandria Cement reports EGP34.1m in 4Q16
Alexandria Cement posted a profit of EGP34.1m (US$1.93m) in 4Q16, a significant improvement of its business result when compared with the EGP98.5m loss posted in 4Q15. In 20...
Egypt: Suez Cement to boost Helwan productivity
Chairperson of the Suez Cement Company, Omar Mohanna, has said that Suez Cement Company aims to boost productivity at Helwan Cement after completing its plan to convert the pla...
Egypt: Sinai Cement returns to black
Fortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, ...
Egypt: Suez Cement reports deepening net loss
Suez Cement has reported a deepening net loss of EGP629.3m (US$33.8m) for 2016. This compares with EGP100.8m reported in 2015. Part of HeidelbergCement following its Italcem...
Egypt: Tourah Cement sees improving net loss in 2016
Tourah Cement has reported improved company results in 2016. The company reduced its net loss from EGP218.97m (US$13.5m) in 2015 to EGP151.05m in 2016. Tourah Cement is a sub...