Published by
Joseph Green,
Editor
World Cement,
Egypt's biggest cement producer by market value is Suez Cement. The company has posted a second-quarter net profit of US$7.8 million, down from the same period a year earlier.
The company announced that revenue dropped 15%. Revenue was damaged by lower prices and exports.
Suez Cement has declared that it is diversifying its energy sources to mitigate the impact of shortages.
Edited from source by Joseph Green. Source: Reuters
The programme was developed by the American University in Cairo and ASEC Engineering, a subsidiary of Qalaa Holdings.
In 2Q14, Suez Cement’s consolidated revenues totalled EGP1.719 million, while recurring EBITDA rose to EGP373 million.
Egyptian cement manufacturer Suez Cement has inaugurated a €5 million waste processing facility, located at the company’s Kattameya plant.
Egypt is looking to start an international bidding process to grant cement licences by mid-year.