Suez Cement production scaled back 30% due to energy shortages
Egypt-based Suez Cement said that it scaled back production by as much as 30 per cent last year due to a lack of fuel supplies. "A lack of fuel supplies has cut our annual produ...
Egypt
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ASEC signs training programme initiative with Minya University, Egypt
ASEC Minya and ASEC Ready Mix, two subsidiaries of ASEC Cement have signed a memorandum of understanding (MoU) with Minya University to help prepare students with the skills the...
Panel to review Egypt gas price hikes
A panel of judges is set to review an appeal made by five cement producers over gas price hikes by the Egyptian government, a Cairo administrative court said. According to repor...
Egypt's Shura Council suggests fixed pricing
Following mounting concerns over recent rises in domestic cement prices, Egypt's Shura Council housing committee (upper house of parliament) has suggested imposing mandatory pri...
Egypt’s Ministry holds talks with cement industry over price concerns
Egypt’s Ministry of Industry and Foreign Trade has said it will take measures to curb rises in cement prices following meetings held with cement companies, according to local pr...
Cemex to supply new hydroelectric plant and tidal barrage in the Nile River
Cemex in Egypt is supplying cement for the construction of a new tidal barrage and hydroelectric power plant in the Nile River that is expected to generate 32MW of energy and al...
Vicat grows in Asia
France-based cement major Vicat reported a 1.2 per cent rise in turnover in 2012 to €2292.2m, but the EBITDA declined by 10.9 per cent to €437.4m and the trading profit fell by ...
Egypt considers levy on cement exports
Egypt’s Ministry of Industry and Foreign Trade Eng Hatem Saleh has said that the ministry is considering imposing a levy on cement exports as a result of increases in cement pri...
Egypt: rising prices prompt monopoly concerns
A recent rise in Egyptian cement prices has prompted the country’s Consumer Protection Agency to file a complaint with the Protection of Competition on price fixing allegations.
Italcementi launches five-year bond, Italy
Italcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to...