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.

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Fuente: WSJ - 🏆 98. / 63 Leer más »