Torah strike action to cause EGP22m in losses
Egypt-based producer Torah Cement announced that the latest strikes caused shortage in clinker production by around 82,000t and cement by 97,000t which will be reflected in prof...
Egypt
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New contract for FLSmidth in Egypt
FLSmidth has been awarded a contract by National Cement Company of Egypt for operation and maintenance of two of their production lines located in Cairo, Egypt. The parties have...
Cementir expects a better second half from Turkey
Cementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and i...
Misr Beni Suef two week gas stoppage to plant, Egypt
Misr Beni Suef Cement announced that gas supplies to its plant stopped for 15 days during the period from 16 June 2012 to 30 June 2012. The company added in a release sent to th...
Citigroup lowers Italcementi price target, Italy
Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013.
Egypt set to resume cement license programme
The Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Fin...
Suez Cement delays new lines, Egypt
Egypt-based Suez Cement has delayed a EGP1.5bn (US$248m) capacity expansion, Al Alam Al Youm reported, citing Managing Director Bruno Carrea. The company has postponed additiona...
Arabian Cement Co commissions second line, Egypt
Arabian Cement Company has officially opened its Line No 2 which has doubled the capacity of the plant at Suez to 5Mta.
ASEC Cement completes Zahana overhaul in Algeria
Citadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul.
Suez Cement strike action, Egypt
Egyptian cement producer, Suez Cement, said that workers in two of its factories started strike action on 14 March. The strike has halted shipping at the Suez and Katamiya plant...