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News Strikes and protests in Egypt decrease cement production by 50%

Strikes and protests in Egypt decrease cement production by 50%

Written by Global Cement staff 05 December 2012
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Egypt: Ezzeldin Abu Awad, head of the Cement Traders Society, has said that the current strikes and protests in Egypt have decreased cement production by about 50%.

In comments to the Al-Ahram newspaper he added that the actual demand for cement under the infrastructure project agreements between the Egyptian government and construction firms stands at only 40%. Abu Awad attributed suspended sales to speculations on the Egyptian Exchange (EGX) due to the current political tension.

Elsewhere in the Egyptian industry, Sinai Cement disclosed to the EGX that a rocket propelled grenade attack on 27 November 2012 that was attributed to one of its factories actually hit the Sinai White Cement Company not Sinai Cement's factory.

Last modified on 05 December 2012
Published in Global Cement News
Tagged under
  • Sinai Cement
  • Egypt
  • Strike
  • Protest
  • GCW78

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