Displaying items by tag: Emmar Industries

Egypt: The shareholders of Helwan Cement have approved the sale of its white cement plant in Minya Governorate to Emmar Industries. Helwan Cement, a 99.5% subsidiary owned by HeidelbergCement and Suez Cement, previously said that the sale was part of its plan to restructure the business and improve its financial position.

Egypt: Helwan Cement has agreed to sell its white cement plant in Minya Governorate to Emmar Industries. The transaction is planned to take place following the de-merger of the white cement unit from the rest of the company. The subsidiary of HeidelbergCement and Suez Cement said that the sale was part of its plan to restructure the business and improve its financial position. The company previously said it had received bid for the white cement plant in June 2018.