Cement News
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Cemex Egypt launches decarbonisation equipment at Assiut cement plant
Cemex Egypt has inaugurated new decarbonisation equipment at the Assiut cement plant, aligning with its ‘Future in Action’ sustainability strategy.
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Cemex to operate Regenera facility in Egypt
Cemex has entered an agreement with the authorities in Egypt's Gharbia province to operate the first facility of its circularity solutions business.
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Egypt Emerges as Africa’s Top Cement Producer
Egypt has risen to become Africa’s leading cement producer, boasting an impressive annual production capacity of around 92 million tonnes.
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TCI and Sinai White Portland Cement Company to build Egypt’s first bulk cement export silo terminal
Under the terms of the commercial agreement, TCI will build and operate white cement silos terminal with an annual capacity exceeding 200 000 t.
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Egyptian cement firms eye Zimbabwe market
This move comes at a great time, amid acute shortages of the product in the market.
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EBRD and A³&Co.® join forces to drive decarbonisation at Arabian Cement Company in Egypt
The Arabian Cement Company has been a leading player in Egypt's cement industry since 1997, with two production lines in Sokhna, Suez Governorate.
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S. Korea to Impose Anti-Dumping Duties on White Cement from Egypt
South Korea has decided to implement anti-dumping duties against white cement imports from Egypt aimed at preventing potential damage to the domestic industry.
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Suez Cement group of companies rebrands to Heidelberg Materials
The new brand identity underlines the company's pioneering role in the path to carbon neutrality and digitalisation in the building materials industry
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Lafarge Egypt confirms aim to reduce CO2 emissions by 2030
Holcim has set a worldwide target to reduce its gross Scope 1 CO2 emissions from cement production of 22% by 2030.
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The cement industry of Egypt
Egypt's cement industry has witnessed transformative growth over the years, buoyed by major investments, dynamic market players, and strategic goals.
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Egypt's cement exports climb 33% YoY in 5 months
Egypt's cement exports grew by 33% during the first five months of 2023, recording $380 million, compared to $286 million during the same period 2022
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Suez Cement invests millions of dollars in environmental sustainability efforts
SCGC is rigorously driving forward the transformation to become one of Egypt’ most sustainable companies in the sector.
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Suez Cement invests millions of dollars in environmental sustainability efforts
"it is our responsibility to provide this essential commodity with the least harm to our environment," SCGC managing director said.
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South Valley Cement’s losses surge in Q1-23
Meanwhile, the loss per share went up to EGP 0.07 in Q1-23 from EGP 0.06 in the first three months (3M) of 2022.
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Arabian Cement registers hike in Q1-23 net profits
Non-consolidated sales jumped to $54mln in Q1-23
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Sinai Cement posts lower net losses in Q1-23
The EGX-listed firm posted an annual drop in standalone net losses after tax
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Egypt: Misr Cement increases cash dividends for 2022
The distributable net profits amounted to EGP 72.26 million as of 31 December 2022, according to a bourse disclosure.
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South Valley Cement reports nearly $6.8mln losses in 2022
Loss per share stood at EGP 0.43 as of 31 December 2022, versus EGP 0.47 a year earlier.
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Misr Cement's 2022 consolidated profits cross $4.3mln
The sales reached $91.59 million in the 12-month period that ended on 31 December 2022 up YOY from EGP 2.52 billion.
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Egypt raises natural gas prices for cement, petrochemical industries
The decree also set the price of natural gas supplied to the petrochemicals industry for the production of the ethane-propane mix to a minimum of $4.5