Egypt: SCG reports 18% drop in 3Q revenue
Suez Cement Group of Companies (SCGC) reported an 18 per cent decrease in revenues for the third quarter of the year versus the same period in 2014 and 12 per cent for the first...
Egypt
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Egypt: Qena Cement makes offer for larger stakes in Qalaa subsidiaries
Egyptian investment company Qalaa Holdings announced Monday that it received a preliminary acquisition offer from Qena Cement to buy stakes in both its subsidiaries ASEC Minya a...
Egypt prices decline on slower construction activity
Egyptian prices have declined three times in the past two months as a result of increased supply and low demand in the market, local media have reported. A ton of cement now cos...
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 com...
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 alter...
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 incr...
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 s...
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 Monir...
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 Wednesda...
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 attribu...