Suez Cement (SUCE) announced that the outlook for the market remains
cautiously positive, with demand expected to firm up with the
progressive restart of public and private construction investments, as
soon as a more stable political situation will prevail.
The company added, in its BOD report of 2012 financial results that, energy situation is expected to remain clouded by growing supply shortage, likely to reduce cement production; the recently announced steep energy cost increases should hence be reflected in cement prices.
Suez Cement pointed out that, it is focusing its efforts and investments on industrial and environmental efficiency, while keeping on hold any capacity expansion project.
It is worth noting that, the company reported financial results for the fiscal year 2012 with net profits of LE 524 million, compared to LE 569 million in 2011
The company added, in its BOD report of 2012 financial results that, energy situation is expected to remain clouded by growing supply shortage, likely to reduce cement production; the recently announced steep energy cost increases should hence be reflected in cement prices.
Suez Cement pointed out that, it is focusing its efforts and investments on industrial and environmental efficiency, while keeping on hold any capacity expansion project.
It is worth noting that, the company reported financial results for the fiscal year 2012 with net profits of LE 524 million, compared to LE 569 million in 2011
