Alexandria Cement continues production throughout hostage drama

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Egypt: Alexandria Cement continued producing cement during a recent hostage scenario. In a release to the Egyptian Stock Exchange the producer announced that on 14 February 2013 some subcontractors trapped a number of their management officials and Alexandria Cement's management, including the factory manager. The subcontractors were calling for permanent contracts.

Alexandria Cement informed the authorities. The hostages were freed on 17 February 2013. All of the accused workers were arrested. Throughout the situation Alexandria Cement continued to produce cement, although deliveries were halted during this period.

Last modified on 20 February 2013

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