Egypt: Qena Cement 1H profit rises 14% YoY
Egyptian cement producer Qena Cement’s first-half net profit increased by 14 per cent YoY to EGP165.3m (U$23m) compared with EGP144.9m a year earlier. The company’s sales fo...
Egypt
531 posts · Page 45 of 54
Suez Cement 1H earnings rise on cost control efforts
Suez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the out...
Sinoma International secures Egyptian turnkey project
China National Materials Company Limited's (CNBM) subsidiary Sinoma International Engineering has won a turnkey contract for two new cement 5775tpd kiln lines with the Ministry...
Egypt: Gas prices increase for cement firms
The government has raised gas prices for Egyptian cement factories to US$8/m British Thermal Units (BTUs) compared to US$6 previously, while fuel oil increased from EGP1500/t (...
Misr Beni Suef signs equipment contract to facilitate coal usage
Misr Beni Suef Cement has reportedly signed contracts with a European company for the equipment needed to operate a kiln line with coal, involving an investment of EGP200m (US$...
ACC begins preliminary coal usage, Egypt
Egypt-based Arabian Cement has started testing coal at its cement plant as part of plans to secure alternative energy sources. In April, the government approved the use of co...
Egypt: Cemex signs new partnership with United Nations World Food Program
Cemex in Egypt has given an additional donation to the United Nations World Food Program (WFP) to support its Food-for-Education program in Assiut governorate which will benefi...
Arabian Cement Co first-quarter update
Arabian Cement Company (ACC) posted a EGP116.4m (US$16.3m) net profit for the first quarter of 2014. ACC was the first major listing on Cairo's bourse since the 2011 political...
Egypt: Arabian Cement Co IPO over-subscribed
Egypt's Arabian Cement Company's initial public share offer was 18.5 times oversubscribed, an official at advising bank CI Capital told Reuters on Tuesday. The offer raised US...
South Valley seeks alternative energy sources
Egypt-based producer South Valley Cement is seeking alternative energy sources as securing sufficient fuel to operate production facilities has become one of its key challenges...