Latest in Tag: Suez Cement Highlight
Latest in Tag: Suez Cement
Suez Cement said, in a statement, that after the implementation of the deal, the stake of the bidder and its associated parties is expected to reach 154.2m shares, representing 84.8% of the company’s capital, and it is expected to increase to 91.3%.
The FRA also approved a MTO submitted by Suez Cement, which is 55.08% owned by HeidelbergCement, to acquire 100% of its subsidiary Tourah Portland Cement at EGP 7.18/share.
Heidelberg Cement France, which owns 55.08% of Suez Cement, to submit bid to fully buy company’s shares
Tourah Cement to be delisted following full acquisition by Suez Cement
Cement is critical commodity, and big local and international businesses have invested billions in Egypt’s cement industry, says Magrina
Company attributes quarterly loss to weak operating performances on back of plummeting demand
Company hit by general low demand, high production costs due to the economic fall out from the virus
Cost of production increased by about 11% after the fuel price hikes, says managing director
There was an 81% decline in the company’s net profits in comparison to last year
Company is still holding discussions with Egyptian authorities to ensure project is viable to be financed
Discussions for conversions permit are ongoing with the environment ministry
Company’s Q2 net profit registers EGP 60.9m
Italcementi’s CEO said in March the company is focusing on diversifying energy sources
The company will divide its donation to EGP 10bn per year for the next three years
Italcementi, the Suez Cement company’s Italian owner, will convert two new facilities in 2015, adding to two facilities converted in 2014, Italcementi Managing Director Bruno Carrè told Daily News Egypt. “We are investing some EGP 400m per year for four years,” Carrè said. “We have done one and we converted two plants and we have …
Suez Cement-Italcementi Group’s revenues in 2014 will exceed EGP 5.5bn according to the Group’s CEO, Bruno Carre in an interview with Daily News Egypt. The figure marks an EGP 1.0bn or 20% progression over the previous year. Carre further talked about the group’s recently launched products, their expectations and what will be introduced in …
The Suez Cement Group of Companies sponsors the first national contest for female architects
The company is in current negotiations with the government to reach an energy supply agreement.
A contract with Italgen will create a wind energy park which will power Suez Cement’s plants
Managing Director of Suez Cement Group, Bruno Carre spoke to Daily News Egypt about the company’s current projects and products
Cement companies are working to reduce emissions through new initiatives in line with Kyoto Protocol