Presidency Spokesperson Bassam Rady stated that the meeting discussed the measures taken to develop the sectors of cement, steel, and iron.
As for standalone results, the company recorded losses amounted to LE 116.21 million in 2020, compared to profits of LE 30.09 million in 2019.
The price increased gradually by around LE2,500 as the value of raw material has moved upward globally.
Production is double the market need.
Egypt targets revenues of LE 620 million ($36.5 million) from offering new licenses for iron and cement production during fiscal year of 2020/2021, according to the state’s budget plan for 2020/2021.
Egypt’s exports of cement declined during the first two months of 2019 to $19 million, compared to $23 million during the same months of 2018.
Bakr made her statements at a two-day Coaltrans conference, which kicked off on Monday in Cairo in the presence of cement producers from all over the world.
Nowadays, Consumers are placing more value on health and wellness than on material objects, and the definition of health and wellness has evolved.
The Executive Director of the Cement Association of the Egyptian Federation of Industries discussed the cement industry in Egypt and Egypt’s efforts to reduce CO2 foot print.
The National Company for Cement’s story sheds the light on the plights of the public sector, currently shared by at least another 30 companies locally.
The complex is considered to be the largest of its kind; Egypt Today presents in numbers the importance and the identity of this project.
The president also noted that meeting the Egyptians' needs is a great opportunity to reduce the import bill, providing hard currency and thousands of jobs.
“The complex was implemented in accordance with internationally recognized standards and provides 1,800 jobs for young people who have been recruited from Upper Egyptian governorates.”
The industrial complex comprises three major cement factories producing 20 percent of Egypt's cement production.
A Saudi company will pump investments worth LE 500 million as a first stage for three cement production lines in Alexandria’s Borg El-Arab.
Exports of granite and marble rose 7 percent, reaching $47 million in the first three months of the current year, compared to $50 million during Q1 of 2017.
The projects have helped many factories to continue operating.
The total revenues in the new budget increased by LE 154 billion, compared to LE 835 billion of the current budget.
A wrap-up of the most prominent business news of the day.
Egypt’s cement exports increased 79 percent in January 2018, recording $7 million compared to $4 million of the same month in 2017.