Producers propose solutions to Egypt’s cement oversupply crisis

  • Date: 08-Nov-2020
  • Source: Egypt Today
  • Sector:Oil & Gas
  • Country:Egypt
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Producers propose solutions to Egypt’s cement oversupply crisis

Cement – Wikimedia Commons







CAIRO – 8 November 2020: In a webinar, cement producers presented their views on dealing with oversupply in the Egyptian market as production is double the market need.

 

Possible Solutions

 

CEO of La Farge Egypt Solomon Baumgartner-Aviles said the industry is still afloat in Egypt because the government has maintained constructions. Yet, he warned of the impact of the six-month ban on construction permit issuance that went into effect in May as