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CEMENT PRODUCERS to stabilise prices in EGYPT
Publish Date : 02-May-2015
Minister of Supply Khaled Hanafy disclosed that cement producers have decided to keep the prices of cement 'stable' for the fifth consecutive month.
Medhat Stephanos, head of cement companies at the Federation of Egyptian Industries (FDI), stated that the supply surplus is behind the price stability.
According to Hanafy, 854,000t had been genetated for the current month and that the total amount of supplied cement was 1.86Mt. Nearly 818,000t of cement were allocated in the local market and around 500,000t were exported between 9 and 15 April.
Staphanos further added that the country's cement production capacity has boosted following the introduction of coal as a source of energy that reduced the energy problem that faced producers.
"We expected more activity in the processes of construction but those expectations were not met. Some projects were expected to start but have not started yet," Stephanos commented.
