{"id":596830,"date":"2019-07-09T04:28:26","date_gmt":"2019-07-09T04:28:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/"},"modified":"2019-07-09T04:28:26","modified_gmt":"2019-07-09T04:28:26","slug":"el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/","title":{"rendered":"El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>Another cement factory on the ropes? <\/b>El Nahda Cement has decided to partially suspend the main production line at its Qena factory for six months after sales fell due to oversupply, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%86%D9%87%D8%B6%D8%A9-%D9%84%D9%84%D8%A3%D8%B3%D9%85%D9%86%D8%AA-%D8%AA%D8%AA%D9%88%D9%82%D9%81-%D8%B9%D9%86-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%AC%D8%B2%D8%A6\/?fbclid=IwAR06vr4PDRbrd0TbWoNYbWzm6Kv0eHWat8x1q0q5Z87_p1f_SmWn2DW5_MA\">sources told Al Mal<\/a>. The Chemical Industries Holding Company increased its stake in El Nahda to 50% earlier this week after it acquired another 30% of the company for EGP 319 mn. It shares ownership of the company with Misr Holding which owns 20% and Arab Contractors which owns 30%. The news comes a few weeks after Heidelberg Cement subsidiary Tourah Cement said it could enter liquidation after <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/18\/heidelbergs-tourah-cement-suspends-production-considers-liquidation-amid-losses\/\">suspending production<\/a> due to oversupply. A World Bank delegation is visiting several industrial zones in Qena today, the <a href=\"https:\/\/www.youm7.com\/story\/2019\/7\/4\/%D9%88%D9%81%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D9%8A%D8%B2%D9%88%D8%B1-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%B7%D9%82-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%81%D9%89-%D9%82%D9%86%D8%A7-%D8%A8%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%A9\/4317170\">local press reported<\/a> earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another cement factory on the ropes? El Nahda Cement has decided to partially suspend the main production line at its Qena factory for six months after sales fell due to oversupply, sources told Al Mal. The Chemical Industries Holding Company increased its stake in El Nahda to 50% earlier this week after it acquired another [&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":[8572],"tags":[5262,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596830","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-el-nahda-cement","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4f7910ee-a175-486e-93f6-0a1e27a6e7d6","is_powered_by":true,"section_story_id":"0b23dc63-bf8d-4eb2-baf2-ba12341e7598","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596815],"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>El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply - 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\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply\" \/>\n<meta property=\"og:description\" content=\"Another cement factory on the ropes? El Nahda Cement has decided to partially suspend the main production line at its Qena factory for six months after sales fell due to oversupply, sources told Al Mal. The Chemical Industries Holding Company increased its stake in El Nahda to 50% earlier this week after it acquired another [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T04:28:26+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\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply\",\"datePublished\":\"2019-07-09T04:28:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\"},\"wordCount\":134,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"El Nahda Cement\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/el-nahda-cement-to-partially-suspend-main-production-line-for-6-months-amid-low-sales-and-oversupply\/\",\"name\":\"El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply - 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Demand in the sector has\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574715,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egyptian-cement-to-inaugurate-egp-4-5-bn-cement-factory-in-sohag-amid-supply-glut\/","url_meta":{"origin":596830,"position":1},"title":"Egyptian Cement to inaugurate EGP 4.5 bn cement factory in Sohag amid supply glut","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"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\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574634,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/cement-oversupply-crisis-could-force-six-producers-out-of-egypt-by-2021\/","url_meta":{"origin":596830,"position":2},"title":"Cement oversupply crisis could force six producers out of Egypt by 2021","author":"enterpriseam admin","date":"16 September 2020","format":false,"excerpt":"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\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\/184.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597307,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/is-the-government-about-to-step-in-to-resolve-egypts-cement-market-glut\/","url_meta":{"origin":596830,"position":3},"title":"Is the government about to step in to resolve Egypt\u2019s cement market glut?","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"Is the government about to step in to resolve the cement market glut? Prime Minister Moustafa Madbouly held a meeting yesterday with Trade and Industry Minister Amr Nassar and Medhat Stefanos, the chairman of the Federation of Egyptian Industries\u2019 cement division, to look into the challenges facing the local cement\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574840,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/cement-demand-on-track-to-fall-again-in-2020\/","url_meta":{"origin":596830,"position":4},"title":"Cement demand on track to fall again in 2020","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"Two more signs the cement crisis is getting worse: Demand for cement is on track to drop to 45 mn tonnes in 2020, down from 49 mn tonnes last year, Arabian Cement CEO Sergio Alcantarilla said at a presser yesterday, according to Al Mal. While Alcantarilla did not offer a\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572039,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/five-cement-factories-could-close-this-year-as-covid-19-compounds-sectors-woes\/","url_meta":{"origin":596830,"position":5},"title":"Five cement factories could close this year as covid-19 compounds sector\u2019s woes","author":"enterpriseam admin","date":"9 June 2020","format":false,"excerpt":"Four or five of Egypt\u2019s two dozen cement factories could be forced to close in the coming months, as the covid-19 pandemic batters an industry already suffering from a supply glut, officials and analysts told Reuters. 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