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 p...
Egypt
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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 p...
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 a...
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 pr...
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 t...
Torah Cement inaugurates environmental projects, Egypt
Egypt’s Minister of Environment Khaled Fahmy inaugurated on Tuesday environmental initiatives by Torah Cement. The cement producer has invested US$24m to replace electrostatic ...
Egypt: signs of stability despite political unrest
Despite recent news reports of political tension in Egypt, there are some positive signs in the country's cement market that demand is recovering after two difficult years. The...
Egypt's cement sector faces decline in natural gas supply
In a filing sent to the Egyptian Exchange, Suez Cement reported that Egypt's cement sector is facing a decline in natural gas supply below normal levels. Nevertheless, it said ...