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News Misr Cement Qena to continue operating its Qena cement plant

Misr Cement Qena to continue operating its Qena cement plant

Written by Global Cement staff 15 June 2022
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Egypt: Misr Cement Qena's board of directors has voted for the company to continue operating its Qena cement plant after the end of a management contract with Arab Swiss Engineering Company (ASEC) on 30 June 2022.

Misr Cement Qena reported an operating incomeUS$5.69m in the first quarter of 2022, up by 59% year-on-year from US$3.58m in the first quarter of 2021. Its net profit in the quarter rose by 74% to US$2.56m from US$1.47m.

Published in Global Cement News
Tagged under
  • Egypt
  • Misr Cement Qena
  • Plant
  • Operation
  • GCW561
  • ASEC
  • Contract
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