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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.
Sinoma International Engineering signs contract with Defence Ministry worth €1.05bn
The amount will be paid in instalments over the course of 11 years
Cement blockades in Cairo removed following transfer of Interior Ministry
The removed blockades on Shiekh Rihan Street were put in place in 2012 following heavy clashes between protesters and police.
South Valley Cement Company to decide on cement licenses with $200m investment by April
The meeting will also decide on a plan for expanding the production capacity, according to Board Member Ahmed El-Mikati
Providing solutions to build value
Reliance Egypt diversifies to develop opportunities in promising sectors
IDA receives 37 applications for coal-fired cement factories
Ministry of Industry issues 14 licenses
Increasing demand for cement relies on increasing government investment
Domestic companies produce 70m tonnes, while expected demand stands at 55m tonnes
In response to lawsuit, Environment Minister says coal is being used within strict measures
Lawsuit was filed earlier by families of Wady El-Qamar against government officials for allowing coal use in a nearby cement factory