Arabian Cement eyes 3.94 million tonnes of local sales by year-end
Local manufacturers have requested government intervention to regulate factories, says CEO Sergio Alcantarilla
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EgyptERA approves Solaris request to supply solar energy to Arabian Cement
Approval includes company’s full commitment to regulations specified in annually-renewed licence
Arabian Cement signs new agreement with Egyptian Refining Company to supply 300,000 tonnes of local pet coke a year
Pet coke is a solid non-volatile residue which is obtained as the final still product in the distillation of crude petroleum and whose purity makes it desirable for metallurgical processes, for carbon electrodes, and as a fuel.
Arabian Cement not ruling out M&As to overcome fierce market competition
Company seeks to reinforce presence in Egyptian market, increase sales in 2018
Arabian Cement eyes expansion in regional markets to boost profitability
Company currently seeks increasing exports to Asia, Africa, says source
Arabian Cement to repay US dollar loans to avoid high cost
The company aims to shrink loans to EGP 40m compared to $65m in 2016
Arabian Cement invests EGP 100m to install new coal mill
The company seeks to exploit its full production capacity, which is currently operating at a 60% capacity due to the existence of only one coal mill
Arabian Cement’s financial statements impacted by foreign currency shortage
The company’s profits declined to EGP 111m during Q4 2015
Pharos holding closes $20m deal for Meivo International
Cairo based Meivo International sells 51% of its stake to Saudi SPIMACO
Arabian Cement studies selling frozen shares
Company held an IPO in May 2014
Arabian Cement’s net profit declines 52% despite 11% revenue increase
Devaluated Egyptian pound, high cost of transportation result in “tough quarter” for the company
Arabian Cement to use alternative energy in capacity increase
The company is seeking to increase revenues by 10%
Arabian Cement contributes €7m to facility in Brazil
Move comes as a part of Arabian Cement’s joint venture agreement with Brazil’s Cementos Relampago
Arabian Cement begins preliminary coal usage to increase power output
Company figures show that in 2013, production output was at approximately 4 million tonnes, versus 4.3 million tonnes produced the year before.
Egypt’s Arabian Cement Company shares to start trading on Sunday
Arabian Cement’s initial public share offer was 18.5 times oversubscribed, an official at CI Capital, who advised Arabian Cement Company on their IPO alongside EFG-Hermes
Arabian Cement aims to raise $100m with its IPO: EFG Hermes CEO
Company will announced IPO price next week
Egypt’s Arabian Cement to announce IPO price on 10 May
Reuters – Egypt’s Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP 8.45 and EGP 9.55 ($1.37), with trading to begin on or around 21 May, Chief Executive Jose Maria Magrina said on Monday. The deadline for buying orders will be on 8 May for private …