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Egypt reports strong cement sales recovery in June - Daily News Egypt

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Egypt reports strong cement sales recovery in June

June’s improvement follows on from one of the lowest monthly sales run rates on record during May. Sales have been severely impacted by the novel coronavirus (COVID-19) pandemic and the partial lockdowns across the country.


Egypt’s cement industry has reported a surge in total sales, recording 3.64 metric tonnes during June 2020, including minimal exports, up 42% month-on-month (m-o-m) and 1% year-on-year (y-o-y).

June’s improvement follows on from one of the lowest monthly sales run rates on record during May. Sales have been severely impacted by the novel coronavirus (COVID-19) pandemic and the partial lockdowns across the country.

With the latest dispatch indications, construction activity seems to have resumed, heading back towards normal levels.

With regards to individual producers, the m-o-m turnaround was recorded across companies including Suez Cement, which reported a sales growth of 55% m-o-m and 24% y-o-y to 599 metric kilotonne (kt). Arabian Cement reported sales rising 30% m-o-m and 17% y-o-y, to record 320kt. Misr Beni Suef Cement recorded a sales growth of 29% m-o-m to 89kt, although this reflected a drop of 59% y-o-y.

Topics: cement Egypt

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https://dailyfeed.dailynewsegypt.com/2020/07/20/egypt-reports-strong-cement-sales-recovery-in-june/
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