Misr Beni Suef Cement announces return to profitability in 2023 cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.
Egypt s cement sector sees sales rise 15% YoY 15 April 2021
Egypt s cement industry recorded strong sales in March with total sales reaching 4.99Mt, up 22 per cent MoM and 15 per cent YoY.
The industry’s utilisation rate also surged to 74 per cent from 60 per cent in February. The average utilisation rate in 2020 was 59 per cent.
Watania Cement (Beni Suef) recorded the highest sales of 990,000t with a market share of 20 per cent, according to Daily News Egypt. Therefore, volumes were up 40 per cent MoM and 141 per cent YoY.
Sinai Cement recorded the strongest MoM growth in sales at 51 per cent, but most other companies recorded a decline in sales on a YoY basis.