Egypt sees signs of stablisation
Signs of stability are beginning to emerge in the Egyptian cement market with visibility improving in several areas, a recent flash note by CM-CIC Securities highlights. The...
Egypt
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Suez Cement quarterly profit drops on demand, energy shortages
Suez Cement reported a significant decline in earnings and profit for the third quarter of 2013 due to lower sales and reduced output on the back of energy shortages. The co...
Titan looks to boost energy supplies in Egypt
Titan Cement Company has begun discussions with Egypt’s Ministries of Petroleum to boost its energy supplies. In an interview with Egypt Daily News, Titan Cement Company exec...
Sinai Cement first-half profit declines, Egypt
Sinai Cement reported a 30 per cent YoY decline in net profit for the first six months of 2013. The Egypt-based cement producer said that net profit fell to EGP50,991,171 (US$7...
ACC plans to list on Egypt stock market
Arabian Cement Co (ACC) is preparing to list on Egypt’s stock market and has submitted a proposal to the Misr for Central Clearing, Depository and Registry (MCDR) to be central...
ASEC Minya begins production, Egypt
ASEC Minya Cement, an affiliate company of ASEC Cement, announced it has started production at its new 2Mta factory in the Minya governorate. The new factory is located 200k...
Sinai profits slump, Egypt
Sinai Cement, Egypt, reported a steep fall in profits for the first half of 2013. 1H13 net profits fell by 31 per cent to EGP51.1m (US$7.3m), down from EGP74.2m (US$10.6m) over...
Cement makers hit by infrastructure slump in emerging markets
Cement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s buildin...
Suez Cement six-month net profit ahead, Egypt
Suez Cement has reported a 34 per cent increase in first-half net profit thanks to cost reduction and efficiency improvement efforts. In the second quarter of 2013, net sale...
Italcementi subsidiary signs wind farm agreement, Egypt
The Egyptian Electricity Transmission Company signed a contract with Italgen, a subsidiary of Italcementi Group, to build a wind farm to help meet Suez Cement's energy requirem...