Misr Beni Suef revenues boosted by higher prices
Misr Beni Suef Cement (MBSC) saw a 20 per cent rise in revenues in 2013 to EGP1.32bn (US$189.6m) as higher cement prices compensated for lower volumes.
Egypt
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Energy shortage behind Egypt cement price spike
Energy shortages are behind the recent spike in Egyptian cement prices as reduced gas supplies lowers output, a statement by Egypt’s cabinet has said. Daily News Egypt reported ...
Titan: profits decline, other than in the USA
Titan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013 ...
ASEC Minya Cement launches sulphate resistant cement
ASEC Minya Cement has launched its sulphate resistant cement (SRC) entitled ‘ASEC Al Mokawm.' The SRC type protects concrete from the effects of sulphate salts which are usually...
Suez Cement inaugurates waste treatment plant
Suez Cement, part of the Italcementi group, inaugurated its first waste treatment plant in Egypt on Sunday with investments totalling around EUR5m.
Italcementi: only Asia shows sales growth in 2013
Italcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43....
Lafarge awaits gov't decision on petcoke usage, Egypt
Lafarge has been ordered by Egypt’s Ministry of State for Environmental Affairs (MSEA) to halt its preparations to build storage units for petcoke, according to a statement by t...
Cementir offsets a weaker Italy by better markets elsewhere
Cementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EU...
Cemtech Middle East & Africa underway
Cemtech Middle East & Africa 2014, the leading international cement conference and exhibition series, has opened in Dubai in front of an audience of over 270 senior industry del...
Egyptian court accepts Assiut appeal
An Egyptian court has accepted an appeal by Assiut Cement, overruling a decision to annul an agreement under which Cemex acquired a controlling stake in the Egyptian unit. The c...