Latest in Tag: cement Highlight
Latest in Tag: cement
EIPR sues government for subsidising fuel to factories
Subsidies to factories do not benefit the state or its citizens: EIPR
Reducing energy subsidies is âgoodâ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Arabian Cement shares jump EGP 10.39 on first day of trading on EGX
CEO says IPO primarily aims to allow exit of investors, and can in the future contribute to increase the companyâs capital
Use of coal would require EGP 140m investment: South Valley Cement
Cement company says it is aiming to increase investments in order to double its production capacity
âUse of Coalâ trial postponed to 24 May due to ministerâs absence: Administrative court
Sources at the Ministry of Environment say the cabinet has been pressuring Minister Laila Iskander to not attend the session
Suez Cement Company invests EGP 300m to convert plants to use coal power
The company is still waiting for final approval from the Ministry of Environment to use the pollution-heavy fuel following a controversial cabinet decision to import coal
Egyptâs Arabian Cement to announce IPO price on 10 May
Reuters – Egyptâs Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP 8.45 and EGP 9.55 ($1.37), with trading to begin on or around 21 May, Chief Executive Jose Maria Magrina said on Monday. The deadline for buying orders will be on 8 May for private …
Arabia Group investing in 1m square metre project in Sinai: Chairman
Tarek Shoukry believes the prices of the property units by around 25%.
Government attempts to mitigate negative impact of coal usage
Violations of environmental standards will be met with taxes and tight penalties, government says
Egyptâs Suez Cement Raises Dividend
Reuters – Suez Cement, Egyptâs biggest listed cement maker by market value, will pay a cash dividend of EGP 2.65 ($0.38) per share, it said in a statement published on the bourse on Tuesday. The company, which lists Italcementi Group as its main shareholder, said it would make the payment in two phases. One pound …
Energy shortage behind hike in cement prices: Cabinet
Ministry of Environmental Affairs will study the âmixture of energy sourcesâ used in Europe in cement production.
Suez Cement inaugurates âŹ5m waste-processing plant
The new facility is expected to reduce CO2 emissions by 39,600 tons per year, Suez Cement asserts
EGAS reduces gas supplies to cement factories
Titan Cement Company vice president says reduction of gas caused 50% decrease in cement production
Low gas supplies cut into cement production
Titan Cement Company suggests coal as alternative energy source
Construction sector gaining momentum
Several construction companies register profit despite Egyptâs ailing economy
ASEC Cementâs production launches at new factory in Minya
The new factory offers 1,200 job opportunities, with investments amounting to $360m and a production capacity up to 2 million tons annually
Cement companies reject using waste as a source fuel, seek permission for coal
Such a programme would require that factory furnaces be converted in order to accommodate the waste, a process which would prove costly to companies.
Three dead and 15 injured in Sinai bus explosion
Gunmen fire RPG that misses an armoured vehicle and hits bus
Suez Cement managing director: Construction sector pick-up âcriticalâ to economy
Managing Director of Suez Cement Group, Bruno Carre spoke to Daily News Egypt about the companyâs current projects and products
High prices cripple the construction sector
Rising cost of materials and devaluing currency important factors affecting the industry
Ministers explore coal as substitute to natural gas
The aim of the committee is to study how coal can be used as an energy supplement to meet the needs of the industrial plants such as producers of electricity and cement
Petroleum ministry halves supply of natural gas to cement factories
Ministry held meeting with factory heads on Sunday to announce decision
ASEC Cement signs cooperation agreement with Minya University
Cement manufacturer to deliver tailored activities for university students
CEMEX cement joins new Nile project
River navigation project expected to create 3,500 job, EGP 2.4bn funding from Egyptian and German governments
IMF not satisfied with Egyptâs economic reform plans
A government source revealed last week that the IMF is displeased with Egyptâs implementation of its economic and social reform programme, raising concerns of further negotiations over the loan
Government announces 50% fuel price hikes for cement, brick factories
The government will raise natural gas, fuel oil, and diesel prices
Steel jumps to EGP 4,900 a tonne and cement drops to EGP 460
Importers call on the Ministry of Industry to cancel newly imposed anti-dumping duties
Cement prices jump EGP 50 per tonne
Price per tonne fell to less than EGP 460 during August, and remained between the range of EGP 450 to EGP 500
Cement prices fall as military takes control of Sinai
By Islam Serour Falling cement prices are attributable to decreased demand and the destruction of smuggling tunnels between Gaza and Rafah, Ahmed Al-Zeiny, the head of the Construction Materials Department at the Cairo Chamber of Commerce, told the Daily News Egypt. These two reasons, according to Al-Zeiny, have contributed greatly to the drop in cement …
Government resumes cement license programme
By Islam Zayed An official in the Ministry of Finance revealed that the government was resuming its cement licensing programme in order to attract investment, especially foreign investment, noting that it is an efficient way to support the use of state resources in light of the current circumstances. The source noted that the âeconomic groupâ …