Coronavirus widens the cracks in Egypt's cement industry

LafargeHolcim, Vicat and CEMEX did not respond to requests for comment. Titan said it was happy with its Egyptian investment and it saw a 5% increase in volume in the first quarter despite the coronavirus lockdown measures.

“There is an expectation that some plants will have to close in the coming years as the economics just don’t make sense.” The plant appears to have been inspired by a government study in the early 2000s that predicted demand would rise to 100 million tonnes a year, the company officials said.

How long were you waiting for an opportunity to to use that in a headline?

No. That's the sun. It's too hot, so the cement doesn't have time to complete its chemical reactions properly. Oh, I see what you mean now!

Egypt's cement industry already affected by supply glut of 40%.

Funny pun Reuters.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Airlines Got $25 Billion in Stimulus; Industry Still Expected to ShrinkFederal stimulus money for airlines is keeping them afloat through the coronavirus pandemic, but it’s not proving to be enough to sustain the industry at its pre-pandemic size. Then maybe the stimulus should have been aimed at ordinary citizens rather than corporations. I do not agree with extreme socialism. Yet, expecting government bailouts for corporations every few years is insane to me. If they can't stay afloat they need to restructure. well, no worries -- realdonaldtrump and his crew of cronies will ensure that they have plenty of cash to get thru the rest....the average peasants should be happy to support the airlines while they themselves crater, right why not just call it U.S. Federal Air then? Tax payers might as well own them outright if we are funding them to keep them afloat.
La source: WSJ - 🏆 98. / 63 Lire la suite »