Mixed results for Egyptian producers
Egypt’s Alexandria Cement has announced a further consolidated net loss in the first quarter of 2018, which widened 17.1 per cent YoY to EGP34.78m. Furthermore, the company reco...
Misr Beni Suef Cement
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Misr Beni Suef sees 41% drop in 1H net profit
Egyptian cement producer, Misr Beni Suef Cement, announced in a statement sent to the Egyptian Stock Exchange, the audited financial results for the first six months of 2017, po...
Egypt: Misr Beni Suef Cement postpones coal mill
Misr Beni Suef Cement Company has postponed the installation of a coal mill at its Beni Suef plant to the 3Q17. The coal mill is expected to cost EGP18m (US$0.96m).
Beni Suef begins construction of coal mill, Egypt
Beni Suef Cement has began the construction of the coal mill worth EGP200m (US$26.3m), to be used as an alternative to natural gas and heavy fuel oil at its cement plant in Egypt.
Egypt: Supreme Administrative Court suspends privatisation appeal
The Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company.
Egypt: Beni Suef signs bank loan for coal mill
Beni Suef Cement has signed a loan contract with a bank for a coal mill, according to a bourse statement.
Beni Suef reaches agreement to build coal mill, Egypt
Beni Suef has reached an agreement to build a coal mill worth in 12 months, the cement producer announced in a statement to the stock market. The project, worth EGP200m, will be...
Beni Suef Cement gas and diesel supply halted
Beni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday.
Misr Beni Suef signs equipment contract to facilitate coal usage
Misr Beni Suef Cement has reportedly signed contracts with a European company for the equipment needed to operate a kiln line with coal, involving an investment of EGP200m (US$2...
Misr Beni Suef revenues boosted by higher prices
Misr Beni Suef Cement (MBSC) saw a 20 per cent rise in revenues in 2013 to EGP1.32bn (US$189.6m) as higher cement prices compensated for lower volumes.