Cement News tagged under: Sinai White Portland Cement Co
Cementir acquires additional 25.4% stake in Sinai White Portland Cement13 August 2024, Published under Cement NewsCementir Holding NV announced that its fully-owned subsidiary Aalborg Portland Holding A/S has acquired an additional 25.4 per cent stake in Sinai White Portland Cement Co SAE (SWCC) from Sinai Cement Co, part of the Vicat Group . Following the EUR30m transaction, Cementir will indirectly hold 96.5 per cent of SWCC’s share capital. The investment strengthens Cementir’s strategic presence in Egypt’s white cement business. Located in the Sinai Peninsula, SWCC’s plant with a white ce... |
Sinai Cement approves Sinai White Portland Cement exit21 June 2021, Published under Cement NewsSinai Cement Co approved the sales of its shares in Sinai White Portland Cement Co based on the fair value of Sinai White’s share, according to a filing to the Egyptian Exchange. Sinai Cement Co held a general assembly on 17 June to ratify the business continuity of the company as well as its financial results for 2019 and 2020. It incurred a consolidated net loss before minority interests of EGP147.976m in the first quarter of 2021. |
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