Egypt State Information Service (Cairo)

Egypt: Measures to Curb Cement Price Hikes

10 March 2013

The Ministry of Industry and Foreign Trade announced on 9/3/13 taking measures to curb cement price hikes following meetings held by Minister of Industry and Foreign Trade Hatem Saleh with cement companies with the aim of controlling the prices and probing the reasons of the unjustified cement price increase.

The Minister said the ministry guarantees the operation of cement plants with full capacity so as to meet the market needs, noting that Egypt has great potentials in the field of cement industry with investments hitting EGP 60 billion and production capacity of 60 million tons annually.

However, the volume of local production in 2012 hit some 54 million tons due to the problems which faced this industry, represented in lack of fuel, along with some security problems, he added.

  • Comment

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment