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.
