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Cement companies report mixed results for 1Q 2020
Ongoing pandemic, temporary suspension of building permits have affected demand for cement across Egypt
Demand for cement down 12.6% y-o-y in April due to COVID-19, Ramadan
Egypt’s cement industry already affected by supply glut of 40%
Local cement sales in March remain surprisingly sturdy: Naeem Research
Informal sector reported strong performance in Q1 of full year 2020
Egyptian steel, iron, cement exports decline 33% in 1Q 2020
The report said 67% of these exports went to Saudi Arabia, Libya, Spain, the US, the Netherlands, Kenya, Italy, and Uganda at value of $113.077m.
Egypt’s cement sector wraps up FY19 with sales-volume driven revenue
Efficient players report better margins on favourable cost structure
Cement crisis: Egypt stocked up with enough reserves for 20 years
Cement workers in Egypt complained a lot about the industry situation and are waiting for real solutions, says Medhat Stefanos
Egypt’s cement sector volume recovers in 3Q19, increasing by 6.3% QoQ
Naeem expects producer margins to have remained steady as cost savings from the decline in coal prices are estimated to have been offset
Egypt has to learn from other countries’ experience in solving cement crisis and it’s not export based: Suez Cement
Cost of production increased by about 11% after the fuel price hikes, says managing director
Cement sector dynamics remain exceptionally challenging
Accordingly, we like companies that operate towards the lower end of the cash cost curve such as Arabian Cement Company (ARCC), cash rich companies such as Misr Beni Suef Cement (MBSC) and Suez Cement (SUCE) should the company succeed in unlocking the value of non-core assets
Vicat aims to achieve profit early next year
Vicat acquired Sinai Cement, located near Al-Arish City, in 2003. Sinai Cement is a public company, listed on Egyptian Exchange since July 2000. It operates within the materials sector focusing on construction materials. Sinai Cement is based in Cairo, Egypt, and was established in January 1997.
Narrative Disruptors summit to cement role of technology in bolstering national identity: CEO of CC Plus
Ministers of communications, immigration to take part as keynote speakers
Egypt’s cement market heavily oversupplied: FEI director
Government should support building materials industry, says ASDA’s chairperson
France’s Vicat plans to invest €30m in Sinai Cement Company
“With each passing day, we were confident of the return of stability to Sinai”: CEO of Vicat Group
Cement sector profits to rebound next year after another hit in H2-2018: HC Securities report
Negative sentiment around sector oversupply overplayed; local demand to recover soon
Egypt’s cement industry considered attractive for FDIs: INTERCEM CEO
Africa, US among most promising import markets for Egyptian cement, says Shelbourne
Egypt’s cement production cannot compete globally: Istvanos
Exports of cement production amounted to $57m during H1 of current year, says division head
Egypt’s cement industry considered attractive for FDIs: INTERCEM CEO
Africa, US among most promising import markets for Egyptian cement, says Shelbourne
ECA acquits cement companies of unjustified price increase claims
Average operating profit margin in 2017 dropped to 6%, down from 19% in 2013
Imposing new steel, cement fees will not affect real estate prices
The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …
EGP flotation raises cement exports to 1 million tonnes in Q1
Cement sector did not export since 2009, says head of cement production division at FEI
Misr Beni Suef Cement Company postpones coal mill installation to Q3
Company forced to postpone the mill installation due to the US dollar shortage and the effects of the currency flotation
Government sells 3 cement licences for EGP 500m
The three companies who won the tender are El Sewedy Cement, South Valley Cement, and Cement Egypt
Industry Minister seeks to increase use of cement plants for alternative fuel sources by 30%
The increase of alternative fuel sources will save $50m annually by 2025, says minister
Habi files lawsuit against Environment Ministry, 2 private cement factories
The centre has called several times for the publication of environmental impact assessment studies
Siemens to launch SICEMENT Electrification system to support cement industry
Siemens will launch the SICEMENT Electrification system tailored to provide the energy requirements of industrial cement plants and achieve mechanisation in manufacturing operations. The new system is scheduled to be launched on 18 August during the “Bringing Power to Cement Industry” forum in Cairo. Egypt is one of the major cement producing and consuming countries …
Habi Center reiterates call to disclose environmental impact assessment studies
The studies are too technical for the public to understand, says EEAA manager
Citizens, MP in uproar over Wady Al-Qamar cement plant emissions
Coal use was approved by the ministry in several cement plants, endangering nearby residents
Lung cancer looms over Helwan residents amid increased factory pollution: Maat
The centre calls for factories to be transferred away from the residential block following a recent visit
Schäuble clings to ‘black zero’ fetish in German budget
Finance Minister Schäuble has presented Germany with another balanced budget to cement his reputation for austerity. But, with the country in need of social investment and interest rates low, isn’t it time to borrow?
New cement licenses threaten future Misr Cement market share: Beltone
Beltone said that ASEC contributed roughly 60% to Misr Cement’s revenues, which reached EGP 723.067m during Q1 of 2016.