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Five cement factories could close this year as covid-19 compounds sector’s woes
Four or five of Egypt’s two dozen cement factories could be forced to close in the coming months, as the…
Galina-Agrofreeze to invest EGP 87 mn in its new factory
Frozen fruit and vegetables producer Galina–Agrofreeze is investing EGP 87 mn to build a new factory, Chairman Abdel Wahed Soliman…
Edita to add 200 trucks to distribution network, open new Morocco production facility this year
Edita will add 200 delivery trucks to its distribution network this year and expects to inaugurate a new production facility…
Alexandria Cement fair value determined to be EGP 4.02 a share
An arm of Titan Cement Egypt will pay a significant premium to acquire the nearly 1.3% of Alexandria Portland Cement…
EFIC appoints Mohamed El Abassy as chairman
MOVES- Mohamed El Abassy has been appointed as chairman and managing director of fertilizer manufacturer Egyptian Financial and Industrial Co.…
Egypt’s cement exports drop 18% in 1Q2020, ceramics down 13%
We don’t export much cement, and the volume of what we do export slumped in the first quarter. Egypt’s exports…
Yasser El Naggar appointed chairman of Suez Cement
MOVES- Suez Cement has appointed EN Investment CEO Yasser El Naggar as chairman succeeding Hayrullah Hakan Gürdal, according to a…
Egypt was considering new cement, steel licenses despite supply glut
Was the gov’t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July…
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