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News Misr Beni Suef

Displaying items by tag: Misr Beni Suef

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Misr Beni Suef increases nine-month sales in 2022

16 November 2022

Egypt: Misr Beni Suef's sales were US$51.1m in the first nine months of 2022, up by 77% year-on-year from US$28.8m. Nonetheless, the producer recorded a loss of US$15.9m, compared to a profit of US$3.4m during the corresponding period of 2021.

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Misr Beni Suef reports sales and profit growth in first quarter of 2022

30 May 2022

Egypt: Misr Beni Suef recorded sales of US$23.5m in the first quarter of 2022, up by 70% year-on-year from US$13.8m in the first quarter of 2021. The producer recorded a net profit of US$2.57m, up by 28% year-on-year from US$2.01m.

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Misr Beni Suef’s sales and profit drop in first quarter of 2021

11 June 2021

Egypt: Misr Beni Suef recorded sales of US$16.3m in the first quarter of 2021, down by 37% year-on-year from US$25.8m in the first quarter of 2020. Reuters reported that the company’s profit also fell by 37%, to US$2.39m from US$3.79m.

Published in Global Cement News
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Arab Swiss Engineering Company takes legal action against Misr Beni Suef Cement

25 February 2021

Egypt: Arab Swiss Engineering Company (ASEC) has launched legal action against Misr Beni Suef Cement. The latter terminated the supplier’s technical management contract in mid-February 2021. Arab Finance has reported that the producer alleges that ASEC breached its commitments regarding its Beni Suef cement plant’s production capacity.

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Misr Beni Suef increases first-quarter profit by 101% year-on-year

18 May 2020

Egypt: Misr Beni Suef has reported a 101% year-on-year increase in net profit to US$3.76m in the first quarter of 2020 from US$1.87m in the corresponding period of 2019. Sales fell by 7.1% year-on-year to US$25.7 from US$27.6.

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Misr Beni Suef’s third-quarter sales rise by 24%

14 November 2019

Egypt: Misr Beni Suef’s sales over the three months to 30 September 2019 were US$29.6m, up by 24% from US$23.9m in the corresponding period of 2018. This growth failed to offset the challenges of profitability in a saturated market, with profit falling by 2.7% year-on-year to US$1.34m from US$1.37m.

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Siemens presents digitalisation study to the Egyptian Ministry of Industry

27 September 2019

Egypt: Siemens has submitted an integrated survey of the digitalisation potential of various industries in four zones to the Ministry of Industry (MoI) with a view to improving the competitiveness of the country’s products. Daily News Egypt has reported that the Germany-based technology company has already signed contracts for the supply of digital efficiency solutions with El Ameria Cement and Lafarge Egypt. It is also negotiating with Misr Beni Suef for the installation of thermal emission measuring units at its 3.5Mt/yr integrated cement plant in Beni Suef, Maadi.

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ASEC renews technical management contract with Misr Beni Suef Cement

24 April 2019

Egypt: ASEC Engineering has renewed its technical management contract with Misr Beni Suef Cement until the end of 2023. ASEC originally worked on the first production line at the plant in 2001. It maintenance contract was renewed in 2007 with the addition of a new production line. The cement plant has a production capacity of 3.1Mt/yr.

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Misr Beni Suef net profit slumps in first half

11 August 2017

Egypt: Misr Beni Suef Cement made a net profit of US$3.13m in the first half of 2017, compared to a net profit of US$5.32m in the same period of 2016. This represents a 41% fall year-on-year.

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Misr Beni Suef produces sulphate resistant cement for tunnel projects

11 December 2015

Egypt: Misr Beni Suef Cement has started to produce sulphate resistant cement for use in tunnels and other special projects. The cement producer is aiming to boost sales by selling 200,000t of this new product in 2016, in addition to sales of ordinary Portland cement.

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