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Egypt approved three new cement factory licences

BeniSuefCement

Egypt’s Ministerial Group for Industrial Development, approved the issuance of licences to establish three new cement factories, each with a single production line (photo: Beni Suef Cement plant). The approval is intended to meet domestic demand and ensure the availability…

Russia’s CEMROS mothballed plants due to low demand

Cemross MordovCement1

CEMROS, Russia’s largest cement producer, announced to rebalance production capacity and redistribute output volumes among the company’s facilities and mothball certain facilities, due to the declining domestic cement demand. The company is operating 18 cement production plants with a capacity…

Brazil’s CSN plans cement asset sales to cut debt

CSN ArcosPlant

CSN (Companhia Siderúrgica Nacional), Brazil’s major steelmaker announced the divestment of major non-core assets to cut increasing debts and to allow capital restructuring. The company has struggled in recent years with an elevated debt load of R57.3 trillion in 3.Q…