Titan Cement Egypt is looking to further expand into ready-mix cement, where there is potential for extensive growth without too many initial costs. Titan Egypt started ready-mix cement in Alexandria, Egypt, and intends to continue its expansion in Cairo and with a further two plants in 2011.
The housing boom in Egypt last year increased the country’s demand for cement, and Titan Egypt experienced a substantial growth to 5 million tpa output that helped stabilise the company’s sales against the recession in Greece and other struggling markets. However, the Egyptian government has announced cuts to energy subsidies for a number of industries, including cement production. Titan hopes that the good sales of ready-mix cement will maintain profits in the face of rising energy costs.
Read the article online at: https://www.worldcement.com/europe-cis/17122010/titan_egypt_sets_sights_on_ready-mix_cement/