Asia and US improvements boost Vicat nine month results
Vicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improveme...
Egypt
534 posts · Page 52 of 54
Egypt cement prices rise
Egypt’s cement market has witnessed an increase of EGP50/t (US$8) resulting in complaints from wholesalers.
Exports to Libya increase value of Egyptian exports
A rise in exports to Libya have driven an increase in the value of Egyptian exports in September 2012 on annual basis for the first time in six months.
Govt to appeal court order Assiut Cement renationalisation, Egypt
The Egyptian government plans to file an appeal against a Thursday court ruling renationalising Assiut Cement, Industry and Foreign Trade Minister Hatem Saleh told Ahram Online ...
Court ruling threatens to nullify Cemex stake in Assuit, Egypt
Cemex said on Thursday its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could nullify the agreement under which Cemex bought a maj...
Turkish investors apply to build Sinai cement plant, Egypt
Turkish investors have applied to build a cement plant in the Sinai region of Egypt, after Egyptian authorities issued legislation on developing the peninsula, according to repo...
Assuit Cement drivers strike, Egypt
Drivers working at the Assuit Cement factory in Egypt continued striking for a second day on Saturday in protest of penalties imposed on them by the company, according to local ...
Egyptian cement companies to lose energy subsidies
Egypt is to no longer provide subsidised energy to new cement plants, including the 14 new facilities for which licenses have already been issued, and plans to phase out subsidi...
Egypt’s Misr Beni Suef earnings edge higher, hit by power shortages
Misr Beni Suef Cement announced that net profit for the first half of 2012 reached EGP188m (US$31m) versus net profit of EGP155m in the same period of last year. Meanwhile, the ...
Middle East market developments
Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as con...