CAIRO: The Egyptian government has proposed that cement makers cut production by a baseline of 10 percent to shore up finances ravaged by an expanding market glut, two cement executives and a senior industry source said.
Egyptian cement capacity has risen to an annual 85 million to 87 million tons in the last three years following the inauguration of the 13 million ton-per-annum Beni Seuf plant owned by the military, even as sales fell to less than half that level, according to the executives.
The cement sector, where several international firms established a footing, is seen as an indicator of Egypt’s openness to outside investment.
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CAIRO, May 10 (Reuters) - The Egyptian government has proposed that cement makers cut production by a baseline of 10% to shore up finances ravaged by an expanding market glut, two cement executives and a senior industry source said.
Egyptian cement capacity has risen to an annual 85 million to 87 million tonnes in the last three years following the inauguration of the 13 million tonne-per-annum Beni Seuf plant owned by the military, even as sales fell to less than half that level, according to the executives.
The cement sector, where several international firms established a footing, is seen as an indicator of Egypt’s openness to outside investment.
BlackRock Frontiers Investment Trust Plc - Portfolio Update
PR Newswire
The information contained in this release was correct as at
28 February 2021. Information on the Company s up to date net asset values can be found on the London Stock Exchange Website at
https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
BLACKROCK FRONTIERS INVESTMENT TRUST PLC (LEI: 5493003K5E043LHLO706)
All information is at
Performance at month end with net income reinvested.
One
-1.0
0.8 17 December 2010. The Company s benchmark changed from MSCI Frontier Markets Index to MSCI Emerging ex Selected Countries + Frontier Markets + Saudi Arabia Index (net total return, USD) effective 1/4/2018.
At month end
Titan Cement Group sets new ESG targets for 2025 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.
Titan Cement to install new precalciner at Kamari plant 17 March 2021
Titan Cement is investing EUR25m at its Kamari cement plant, Viotia, Greece. The project will see a new precalciner in operation by 2022.
The modernisation will reduce CO
2 emissions, contribute to the waste management solutions in Attiki, and increase the plant’s competitiveness.
Specifically, this upgrade will significantly increase the Kamari plant’s capacity for using alternative fuels, substituting in large part the fossil fuels necessary for the operation of its kilns. Following the investment, the total annual reduction in CO
2 emissions will total 450,000t, equal to replacing 160,000 conventional cars with electric vehicles.