{"id":639049,"date":"2017-10-19T03:59:51","date_gmt":"2017-10-19T03:59:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/sinai-cement-looking-to-invest-egp-100-mn-in-production-lines\/"},"modified":"2017-10-19T03:59:51","modified_gmt":"2017-10-19T03:59:51","slug":"sinai-cement-looking-to-invest-egp-100-mn-in-production-lines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/sinai-cement-looking-to-invest-egp-100-mn-in-production-lines\/","title":{"rendered":"Sinai Cement looking to invest EGP 100 mn in production lines"},"content":{"rendered":"

Sinai Cement is looking to invest EGP 100 mn to upgrade production capacities at its facility, according to a bourse disclosure<\/a>. The project will be financed through proceeds from an upcoming capital increase to EGP 1.3 bn from EGP 680 mn. The proceeds will also be used to clear the company\u2019s EGP 564 mn in debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sinai Cement is looking to invest EGP 100 mn to upgrade production capacities at its facility, according to a bourse disclosure. The project will be financed through proceeds from an upcoming capital increase to EGP 1.3 bn from EGP 680 mn. The proceeds will also be used to clear the company\u2019s EGP 564 mn in […]<\/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":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639049","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"6a470701-2aac-4df8-918b-c583563dbc37","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639016],"teaser":"","voice_url":""},"yoast_head":"\nSinai Cement looking to invest EGP 100 mn in production lines - 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\/2017\/10\/19\/sinai-cement-looking-to-invest-egp-100-mn-in-production-lines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinai Cement looking to invest EGP 100 mn in production lines\" \/>\n<meta property=\"og:description\" content=\"Sinai Cement is looking to invest EGP 100 mn to upgrade production capacities at its facility, according to a bourse disclosure. The project will be financed through proceeds from an upcoming capital increase to EGP 1.3 bn from EGP 680 mn. 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Revenues for the quarter grew 38% y-o-y to EGP 201.1 mn from EGP 148 mn in 2018.","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":566422,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/sinai-cement-widens-losses-gsks-egypt-arm-announces-coupon-payments\/","url_meta":{"origin":639049,"position":1},"title":"Sinai Cement widens losses + GSK\u2019s Egypt arm announces coupon payments","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"EARNINGS WATCH- Sinai Cement saw its net losses widen to EGP 148 mn in 1Q2021, up from EGP 106 mn in 1Q2020, according to its quarterly financials (pdf). This came despite revenues rising 34% to over EGP 283 mn. Egypt\u2019s cement industry is suffering from a drawn-out supply glut that\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628484,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/aind-plans-to-invest-egp-10-mn-to-set-up-three-new-production-lines-in-tile-cement-bricks-factories\/","url_meta":{"origin":639049,"position":2},"title":"AIND plans to invest EGP 10 mn to set up three new production lines in tile, cement bricks factories","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"Arabia Investments, Development, and Financial Investment Holding Company (AIND) is planning to invest EGP 10 mn in setting up three new production lines in its tile and cement bricks factories in Alamein and Abu Rawash, according to Chief Investment Officer Rania Afifi. The company plans to inaugurate two lines in\u2026","rel":"","context":"In "Manufacturing"","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":565321,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/earnings-watch-arabia-investments-holding-sinai-cement\/","url_meta":{"origin":639049,"position":3},"title":"Earnings Watch: Arabia Investments Holding, Sinai Cement","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"The EGX30 ended today\u2019s session flat on turnover of EGP 1.0 bn (30.8% below the 90-day average). Local investors were net buyers. The index is down 2.6% YTD.In the green: Heliopolis Housing (+7.7%), Cleopatra Hospital (+4.1%) and Orascom Financial (+3.2%).In the red: Abu Qir Fertilizers (-2.1%), CI Capital (-1.5%) and\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643134,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/south-valley-cement-spent-egp-160-3-mn-on-second-production-line-license\/","url_meta":{"origin":639049,"position":4},"title":"South Valley Cement spent EGP 160.3 mn on second production line license","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"South Valley Cement spent EGP 160.3 mn to obtain a manufacturing license for its second production line, which it was awarded in an auction last year, the company said in an EGX filing. The company also completed two cement millsand plans to begin trial operations before year-end. We had noted\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571860,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/02\/domty-to-invest-egp-75-mn-to-add-two-new-production-lines-this-year\/","url_meta":{"origin":639049,"position":5},"title":"Domty to invest EGP 75 mn to add two new production lines this year","author":"enterpriseam admin","date":"2 June 2020","format":false,"excerpt":"Domty Food Industries is investing EGP 25 mn to set up a new mozzarella cheese production line by the end of 2Q2020, and another EGP 50 mn in a bakery production line that will come online before the start of the upcoming academic year, according to the local press. 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