{"id":595646,"date":"2019-08-01T04:35:19","date_gmt":"2019-08-01T04:35:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-cement-producer-aswan-cement-to-launch-ready-mix-concrete-business\/"},"modified":"2019-08-01T04:35:19","modified_gmt":"2019-08-01T04:35:19","slug":"egyptian-cement-producer-aswan-cement-to-launch-ready-mix-concrete-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-cement-producer-aswan-cement-to-launch-ready-mix-concrete-business\/","title":{"rendered":"Egyptian cement producer Aswan Cement to launch ready-mix concrete business"},"content":{"rendered":"<p>Aswan Cement is planning to venture into the ready-mix concrete market to diversify its business amid saturation in the cement market, <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/31\/1230894\">company sources said<\/a>. The company will begin in September building 10 batch plants at an initial investment of EGP 200 mn. It is in talks with EU-based equipment suppliers and the Arab Organization for Industrialization for the project. Industry experts have been warning that the cement market was in oversupply, <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/16\/cement-market-sees-18-mn-tons-surplus-in-supply-during-2016\/\">having produced some 18 mn tonnes more<\/a> than the local market wanted to buy in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aswan Cement is planning to venture into the ready-mix concrete market to diversify its business amid saturation in the cement market, company sources said. The company will begin in September building 10 batch plants at an initial investment of EGP 200 mn. It is in talks with EU-based equipment suppliers and the Arab Organization for [&hellip;]<\/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":[7255],"tags":[1002,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595646","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-cement","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"3d07ba69-b05b-475a-b3e4-875570761c6f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595616],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian cement producer Aswan Cement to launch ready-mix concrete business - 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\/2019\/08\/01\/egyptian-cement-producer-aswan-cement-to-launch-ready-mix-concrete-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian cement producer Aswan Cement to launch ready-mix concrete business\" \/>\n<meta property=\"og:description\" content=\"Aswan Cement is planning to venture into the ready-mix concrete market to diversify its business amid saturation in the cement market, company sources said. The company will begin in September building 10 batch plants at an initial investment of EGP 200 mn. 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At the end of 2016, the IDA had tendered 14 licenses, but awarded\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599109,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/heidelbergs-tourah-cement-suspends-production-considers-liquidation-amid-losses\/","url_meta":{"origin":595646,"position":1},"title":"Heidelberg\u2019s Tourah Cement suspends production, considers liquidation amid losses","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"Heidelberg Cement subsidiary Tourah Cement has suspended production and could resort to liquidation due to financial distress caused by oversupply in the market, Managing Director Jose Maria Magrina said last week in a message to employees seen by Reuters. The company said estimated consumption during the current year will end\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"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":595646,"position":2},"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 &quot;Speed Round&quot;","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":[]},{"id":568251,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/sign-of-the-times-for-cement\/","url_meta":{"origin":595646,"position":3},"title":"Sign of the times for cement","author":"enterpriseam admin","date":"23 December 2020","format":false,"excerpt":"Suez Cement is going to go private after trying to buy out as many minority shareholders as possible. Shareholders sold some 12.4 mn shares for EGP 92.7 mn to Suez parent company Heidelberg Cement, the EGX said without giving further details. Heidelberg had targeted 59.8 mn shares at a MTO\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/394.jpg?fit=%2C&ssl=1&resize=350%2C200","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":595646,"position":4},"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. 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