{"id":574715,"date":"2020-09-20T03:59:39","date_gmt":"2020-09-20T03:59:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/"},"modified":"2020-09-20T03:59:39","modified_gmt":"2020-09-20T03:59:39","slug":"egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/","title":{"rendered":"Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut"},"content":{"rendered":"

<\/a> Egyptian Cement is planning to inaugurate a EGP 4.5 bn cement factory in Sohag <\/strong>next year<\/strong>, CEO Ahmed Abou Hashima tells Hapi Journal<\/a>. Abou Hashima, who also owns and runs Egyptian Steel and Egyptian Media Group, had said earlier this year<\/a> that the opening of the Sohag factory was postponed because of the covid-19 pandemic, but had not provided details at the time.<\/p>\n

The announcement comes as a growing oversupply crisis in Egypt\u2019s cement industry is threatening to<\/strong>push as many as six producers out<\/a><\/strong> of the country.<\/strong> The supply glut \u2014 which began in 2016 but was worsened when the state inaugurated a USD 1.1 bn cement factory in Beni Suef in 2018<\/a> \u2014 has already seen theNational Cement Company<\/a> permanently shutter, with others such asTourah Cement<\/a>, andEl Nahda Cement<\/a> temporarily suspending their operations. Enterprise took a deep dive<\/a> into the cement industry earlier this year, when prospects for the sector already looked bleak.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian Cement is planning to inaugurate a EGP 4.5 bn cement factory in Sohag next year, CEO Ahmed Abou Hashima tells Hapi Journal. Abou Hashima, who also owns and runs Egyptian Steel and Egyptian Media Group, had said earlier this year that the opening of the Sohag factory was postponed because of the covid-19 pandemic, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[590,1002,130,9330,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574715","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-ahmed-abou-hashima","tag-cement","tag-construction","tag-egyptian-cement","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8f5c235c-07c3-42da-a229-7f3f5648f4f6","is_powered_by":true,"section_story_id":"e8425aa4-e5d7-459b-aa44-845d254d94e0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574704],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut - 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\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut\" \/>\n<meta property=\"og:description\" content=\"Egyptian Cement is planning to inaugurate a EGP 4.5 bn cement factory in Sohag next year, CEO Ahmed Abou Hashima tells Hapi Journal. Abou Hashima, who also owns and runs Egyptian Steel and Egyptian Media Group, had said earlier this year that the opening of the Sohag factory was postponed because of the covid-19 pandemic, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-20T03:59:39+00:00\" \/>\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\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut\",\"datePublished\":\"2020-09-20T03:59:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Ahmed Abou Hashima\",\"cement\",\"construction\",\"Egyptian Cement\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/\",\"name\":\"Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut - 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