Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Cement prices stable: Supply minister
Published in Daily News Egypt on 26 - 11 - 2014

Companies have fixed their cement prices and are subject to regular ministry investigations and inspections, said Minister of Supply Khaled Hanafy in a Wednesday statement by the Ministry of Supply.
Hanafy said that investigations are conducted at supply firms, factories, wholesalers and cement retailers to ensure their compliance with the prices they state.
The statement added that cement companies announce their prices by the third week of every month.
According to the statement, the Suez Cement Italcementi Group, which operates Tourah, Helwan and Suez cement production facilities, fixed their price at EGP 850 per ton. Amreyah Cement Company set a price of EG 831 per ton, while National Cement put a price of EGP 750 in Cairo and a price of EGP 770 in all other governorates.
Omar Mehanna, chairman of the board of directors of Suez Cement Italcementi Group, told Daily News Egypt that cement prices vary according to market changes and not because the Egyptian ministry obliged the group to do so. He added that the group does not raise the prices of cement unnecessarily.
Regarding the use of coal as an alternative source of energy for the production of cement, Mehanna said the group's subsidiaries are now being equipped for this. He pointed out that the use of coal started gradually at Katameya plant, and will start in the Suez factory by the first quarter of 2015.
Mehanna also stated that the group is highly committed to applying the global environmental standards for using coal.
As for the future prices of cement, Mehanna expects them to be stable. He also anticipates an increase in the demand for cement in the coming period and a rise in supply as a result of the use of the new energy system, which will bring more efficient results.
Medhat Estafanous, head of the Cement Industry Division at the Federation of Egyptian Industries told Daily News Egypt the cement industry is in the final stages of introducing coal as an alternative source of energy.
In July 2014, the government raised the prices of gas and fuel causing cement companies to raise their prices due to higher production costs. After the increase, cement companies had to buy gas for $8 per million BTUs compared to $6 previously.
Fuel oil prices increased from EGP 1,500 to EGP 2,250 per tonne. The rise in production costs was the main derivative why cement companies were looking forward to using coal as an alternative source of energy this year.


Clic here to read the story from its source.