Qalaa Holdings first-half revenues up by a third, Egypt
Qalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent c...
Egypt
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Egypt: Ministry to assess environmental impact of coal use
Egypt's Environment Minister, Khaled Fahmy, has agreed to assess the environmental impact of seven out of 19 cement companies that have conducted studies to use coal as an alte...
Egypt: South Valley Cement to double capacity
Tamer Abdel Rahman, investor relations manager of South Valley Cement, said that the company intends to double its production capacity to 3.2Mta. He added that the intended inc...
Arabian Cement approves selling frozen stocks of shareholders, Egypt
Arabian Cement’s ordinary general assembly yesterday approved the selling of shareholders frozen shares. The OGM refused a Board of Directors restructure, and is to retain the ...
New licences to be issued for Upper Egypt
Egypt's Ministry of Industry and Trade is to grant new licences for cement factories in Upper Egypt governorates next September, according to local press reports. Minister Mo...
Egypt: South Valley signs contract with Sinoma CDI
Egypt-based South Valley Cement Company (SVCE) has signed a contract with Chinese firm Sinoma CDI, to carry out a new grinding line, vice chairman Hussien Shbakshy said Wednesd...
Egypt: environment rules to harden
The Environment Ministry will stiffen penalties against violators of environmental regulations in the face of the so-called black cloud. The dark polluting haze has been attrib...
Egypt to postpone the issue of new licences
Egypt’s General Authority for Industrial Development announced it will postpone the issuing of licences to establish new cement factories to review the cement market in Egypt, ...
Fives facilitates Suez Cement's fuel substitution strategy
In the framework of a firing conversion to coal and petcoke, Fives will deliver a new FCB TSV™ classifier to to Egypt-based producer Suez Cement Co for the modernisation of a v...
Egypt: Suez Cement 2Q net profit drops 57%
Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month pe...