{"id":574634,"date":"2020-09-16T03:55:43","date_gmt":"2020-09-16T03:55:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/"},"modified":"2020-09-16T03:55:43","modified_gmt":"2020-09-16T03:55:43","slug":"cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","title":{"rendered":"Cement oversupply crisis could force six producers out of Egypt by 2021"},"content":{"rendered":"

<\/a> Supply glut could push six cement producers out of Egypt by next year, <\/strong>Lafarge boss says:<\/strong> As many as six cement producers could be forced to exit the Egyptian market by 2021 if the ongoing oversupply crisis<\/a> doesn\u2019t abate, Lafarge Egypt's CEO Solomon Baumgartner Aviles said during a webinar, Hapi Journal<\/a> reports. Companies across the sector have been mired in crisis over the past several years amid increasing production costs and a prolonged oversupply crisis that has forced them to slash prices in a bid to stay afloat. With little being done to alleviate the situation, firms are now \u201con the edge of a precipice\u201d<\/a> and face collapse, Aviles said yesterday. The covid-19 pandemic and the government\u2019s six-month ban construction permits<\/a> has only intensified the downward pressure on demand, causing production to fall to record lows in May, he said, adding that demand is expected to fall 15% to 42 mn tonnes in 2020.<\/p>\n

Calls for gov\u2019t intervention: <\/strong>\"Urgent decisions are required from the government, because unfortunately, if action is not done quickly, a number of companies may not be able to continue and bear more losses and are forced to close,\" Aviles said. He also suggested a proposal to set production quotas for companies linked to carbon emissions, to achieve the joint goals of reducing production and preserving the environment.<\/p>\n

The glut has already hit several companies<\/strong>: National Cement<\/a>, Tourah Cement<\/a>, and El Nahda Cement<\/a> have all either permanently or temporarily suspended production over the past two years, as new government-owned factories exacerbated the already serious supply crisis.<\/p>\n

We took an in-depth look into the challenges facing the sector <\/strong>earlier this year<\/a><\/strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Supply glut could push six cement producers out of Egypt by next year, Lafarge boss says: As many as six cement producers could be forced to exit the Egyptian market by 2021 if the ongoing oversupply crisis doesn\u2019t abate, Lafarge Egypt's CEO Solomon Baumgartner Aviles said during a webinar, Hapi Journal reports. Companies across the […]<\/p>\n","protected":false},"author":1,"featured_media":574635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1002,10384,72,5264,2380,5881],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cement","tag-el-nahda","tag-enterpriseam","tag-national-cement","tag-speed-round","tag-tourah","wpautop","entry"],"acf":{"mongo_id":"3b9a69a8-c5bc-4f4a-b99a-f4475543bd8a","is_powered_by":true,"section_story_id":"07f8ac49-9909-483d-bcd8-63849651e7b9","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/184.jpg","photo_position":"above","related_issue":[574623],"teaser":"","voice_url":""},"yoast_head":"\nCement oversupply crisis could force six producers out of Egypt by 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement oversupply crisis could force six producers out of Egypt by 2021\" \/>\n<meta property=\"og:description\" content=\"Supply glut could push six cement producers out of Egypt by next year, Lafarge boss says: As many as six cement producers could be forced to exit the Egyptian market by 2021 if the ongoing oversupply crisis doesn\u2019t abate, Lafarge Egypt's CEO Solomon Baumgartner Aviles said during a webinar, Hapi Journal reports. Companies across the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-16T03:55:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cement oversupply crisis could force six producers out of Egypt by 2021\",\"datePublished\":\"2020-09-16T03:55:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cement\",\"El Nahda\",\"EnterpriseAM\",\"National Cement\",\"SPEED ROUND\",\"Tourah\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\",\"name\":\"Cement oversupply crisis could force six producers out of Egypt by 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-09-16T03:55:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cement oversupply crisis could force six producers out of Egypt by 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cement oversupply crisis could force six producers out of Egypt by 2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","og_locale":"en_US","og_type":"article","og_title":"Cement oversupply crisis could force six producers out of Egypt by 2021","og_description":"Supply glut could push six cement producers out of Egypt by next year, Lafarge boss says: As many as six cement producers could be forced to exit the Egyptian market by 2021 if the ongoing oversupply crisis doesn\u2019t abate, Lafarge Egypt's CEO Solomon Baumgartner Aviles said during a webinar, Hapi Journal reports. Companies across the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-09-16T03:55:43+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Cement oversupply crisis could force six producers out of Egypt by 2021","datePublished":"2020-09-16T03:55:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/"},"wordCount":284,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1","keywords":["cement","El Nahda","EnterpriseAM","National Cement","SPEED ROUND","Tourah"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","name":"Cement oversupply crisis could force six producers out of Egypt by 2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1","datePublished":"2020-09-16T03:55:43+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Cement oversupply crisis could force six producers out of Egypt by 2021"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/184.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":555674,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/slightly-less-cement-oversupply\/","url_meta":{"origin":574634,"position":0},"title":"Slightly less cement oversupply","author":"enterpriseam admin","date":"23 November 2021","format":false,"excerpt":"Local cement production is on course to easily outstrip demand in 2021 despite production cuts being introduced in July to ease the years-long supply glut. But Lafarge Egypt says there are signs market demand is starting to recover, with CEO Solomon Baumgartner-Aviles now projecting a 7% rise in sales this\u2026","rel":"","context":"In "Basic materials"","block_context":{"text":"Basic materials","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/basic-materials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/558.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568102,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/lafarge-chief-on-how-to-save-his-industry\/","url_meta":{"origin":574634,"position":1},"title":"LaFarge chief on how to save his industry","author":"enterpriseam admin","date":"17 December 2020","format":false,"excerpt":"It\u2019s going to take more than just lower natural gas prices to uplift Egypt\u2019s ailing cement industry, LaFarge Egypt CEO Solomon Baumgartner Aviles writes in an opinion piece (pdf). According to Aviles, the price of natgas should be USD 1.7 per mmBtu \u2014 which is much lower than the current\u2026","rel":"","context":"In "Industry"","block_context":{"text":"Industry","link":"https:\/\/enterpriseam.com\/egypt\/category\/industry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/310.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631003,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/arabian-cement-lafargeholcim-plan-to-up-cement-exports-amid-market-oversupply\/","url_meta":{"origin":574634,"position":2},"title":"Arabian Cement, LafargeHolcim plan to up cement exports amid market oversupply","author":"enterpriseam admin","date":"7 March 2018","format":false,"excerpt":"Arabian Cement, LafargeHolcim plan to up cement exports amid market oversupply: Arabian Cement is planning to increase its exports this year to 550k tonnes, from 400k tonnes in 2017, CEO Sergio Alcantarilla tells Al Borsa. The company is eyeing more exports to countries including the US, Kenya, Yemen, and Madagascar,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594826,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/egypts-cement-sector-in-oversupply-crisis-suez-cement-ceo\/","url_meta":{"origin":574634,"position":3},"title":"Egypt\u2019s cement sector in oversupply crisis -Suez Cement CEO","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"Egypt\u2019s cement sector in oversupply crisis -Suez Cement CEO: Egyptian cement companies are continuing to flood the market, producing twice as much as the current market demand, said Jose Maria Magrina, CEO of Suez Cement, the largest private supplier of cement and concrete in Egypt. Demand in the sector has\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567944,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/suez-cement-to-delist-from-egypts-stock-exchange\/","url_meta":{"origin":574634,"position":4},"title":"Suez Cement to delist from Egypt\u2019s stock exchange","author":"enterpriseam admin","date":"13 December 2020","format":false,"excerpt":"Suez Cement and its subsidiary Tourah Cement are planning to delist their shares on the EGX, after both companies\u2019 board of directors approved the move during meetings last Wednesday, according to two separate regulatory filings (here and here \u2014 pdf). The companies will now need to seek regulatory approval to\u2026","rel":"","context":"In "EQUITIES"","block_context":{"text":"EQUITIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/equities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575046,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/suez-cement-submits-mto-for-100-of-subsidiary-tourah-cement\/","url_meta":{"origin":574634,"position":5},"title":"Suez Cement submits MTO for 100% of subsidiary Tourah Cement","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"M&A WATCH- HeidelbergCement looks to acquire 100% of subsidiary Suez Cement: Suez Cement\u2019s German parent company HeidelbergCement has submitted a mandatory tender offer to the Financial Regulatory Authority (FRA) for the remaining 33% stake it doesn\u2019t already own in the company, according to a regulatory filing. The MTO is for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=574634"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574634\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574635"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574634"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574634"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}