Egypt sees demand rise 10% MoM
Egypt saw total cement sales decline 12.5 per cent YoY to 3.8Mt, including exports, in September, according to Daily News. However, this represents a 10 per cent increase MoM an...
Suez Cement
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Suez Cement expected to increase stake in Tourah Portland
Egypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according...
Suez Cement consolidated losses increase in 1H20
Egypt-based Suez Cement sales decreased to EGP2.7bn (US$170.9m) during the January-June 2020 period, down from EGP3.3bn in the 1H19. The company’s consolidated financial stateme...
Suez Cement announces new chairman
Egypt’s Suez Cement Group has appointed Ambassador Yasser El-Naggar as the new chairman of the group, effective from 23 April. Mr El-Naggar has succeeded Hayrullah Hakan Gurdal ...
Suez Cement looks to sell stake in Hilal Cement
Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the...
Suez Cement sees net loss narrow in 2019
Egypt’s Suez Cement has seen its consolidated net loss narrow to EGP1.18bn (US$75.23m) in 2019 from EGP1.32bn in the previous year. However, sales declined 13.1 per cent YoY to ...
Suez Cement reports impact of wastewater flood
Suez Cement has announced that its Kattameya plant has been seriously affected by the collapse of a soil barrier around one of the wastewater ponds of a treatment station that s...
Suez Cement returns to profitability in 2018
Egypt’s Suez Cement reported a net profit of EGP121.43m (US$6.95m) in its full-year 2018 consolidated results, compared with a loss of EGP1.13bn in the previous year. Sales incr...
Suez Cement reports 2Q loss
Egypt-based Suez Cement reported losses during the second quarter of 2017 YoY, according to a bourse filing on Monday.
Egypt: Suez Cement to boost Helwan productivity
Chairperson of the Suez Cement Company, Omar Mohanna, has said that Suez Cement Company aims to boost productivity at Helwan Cement after completing its plan to convert the plan...