Latest in Tag: cement Highlight
Latest in Tag: cement
Egyptian cement sees highest sales in recent years during March
Total sales record 4.99 million tonnes during March
Fierce competition, outdated equipment threaten closure of some cement lines
Misr Cement Qena’s net profits surge by 34.4% in 2020
Egypt’s cement sales during December 2020 were highest in years
Total sales recorded 4.66mt, including exports, during December, up 3.5% m-o-m
Egyptian cement sales surge 10% m-o-m in September
Demand for cement in September rises to highest since April 2020
HiedelbergCement eyes full acquisition of Suez Cement
Tourah Cement to be delisted following full acquisition by Suez Cement
Arabia Holding, Alazaizy Group launch EGP 45m cement bricks factory
Factory’s production will be directed to Sun Capital project
Misr Beni Suef Cement records EGP 29.5m profit in Q2 despite weak sales
Company’s Q2 2020 profits grow 84% on Q2 of 2019, which stand at EGP 16m
Misr Cement records higher margins in Q2 despite subdued volumes
Company reports net profit of EGP 14m, down 63% q-o-q, but up 180% y-o-y
Egypt’s cement demand declines 6.5% in H1 of 2020: Lafarge Egypt CEO
Blessed with privileged geographical export location, Egypt is key country for Lafarge, says Aviles
Cement industry requires support from local government not export subsidy: Suez Cement CEO
Cement is critical commodity, and big local and international businesses have invested billions in Egypt’s cement industry, says Magrina
Egypt reports strong cement sales recovery in June
June’s improvement follows on from one of the lowest monthly sales run rates on record during May. Sales have been severely impacted by the novel coronavirus (COVID-19) pandemic and the partial lockdowns across the country.
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 …