Sinai Cement signs waste-management cooperation deal
Egypt’s Ministry of Local Development has signed a cooperation protocol with Sinai Cement Co to enhance sustainable waste-management services in North Sinai, as part of national...
Sinai Cement Co
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Sinai Cement Co sees 73% increase in 1Q earnings
Sinai Cement Co reported earnings of EGP2016.2m (US$39.9m) in the 1Q25, representing a 73.1 per cent increase when compared with the 1Q24, when earnings came in at EGP1164.9m. T...
Sinai Cement reports higher sales, narrow loss in 2021
Egypt-based Sinai Cement Co , owned by Vicat , reported a 61.9 per cent increase in sales to EGP1.44bn (US$78.8m) in 2021 when compared with 2020 when the company sold to a valu...
Vicat and Egypt settle investment dispute
Egypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment disput...
Sinai Cement records 1H21 net loss of EGP253m
Sinai Cement Co reported a standalone net loss of EGP252.666m (US$16m) in the 1H21, according to the company’s financial statements. This marked a YoY rise of three per cent whe...
Sinai Cement approves Sinai White Portland Cement exit
Sinai Cement Co approved the sales of its shares in Sinai White Portland Cement Co based on the fair value of Sinai White’s share, according to a filing to the Egyptian Exchange...
Vicat's Egyptian market share targeted to reach 5%
Vicat has a market share of under three per cent in Egypt, but Tamer Magdy, CEO of Vicat Egypt, claims that the company will achieve profit early next year, while it aims to tak...
Sinai Cement awards FLSmidth contract to prepare for coal usage
Sinai Cement Co (SCC) has awarded FLSmidth, the contract to provide the equipment to facilitate the use of coal, Daily News Egypt has reported. The Egyptian-based cement produce...