Tuesday, June 18, 2019
Home Business .. Cement sales of the stock market and market shares decreased

.. Cement sales of the stock market and market shares decreased

Cement sales volumes fell by 6.4% in the first quarter of 2019, affected by weak domestic demand, which fell 6.6% year-on-year to 12.4 million tons, while exports rose 7% year-on-year to 157.9 thousand tons in the first quarter Representing only 1.3% of total sales, according to investment bank SHUAA. The following report shows the sales of the cement companies listed on the Egyptian stock exchange and its market shares.

The production capacity of companies in the cement market increased from 70 million tons to 83 million by the end of 2018. The demand was only 53 million tons, which means a utilization rate of about 64%. Although the plant of Tora Cement Company has stopped production of 3 million tons, Another production capacity is 2.2 million tons.

1 – Misr Cement – Qena

One of the only two companies listed on the Egyptian stock exchange, which achieved growth in sales on a year-on-year basis. Sales of the company's Qena and Menia plants increased by 91% and 10% respectively, in a largely slow market, increasing its market share from 6% to 8.7% In the first quarter 2019.

Sinai Cement

Is the other listed company on the Egyptian Stock Exchange, which grew by 39% year-on-year, so the market share increased from 1.7% in the first quarter of 2018 to 2.6% in the first quarter 2019.

3 – Arab Cement

Its sales volume fell 3% year-on-year after its domestic sales fell 2% and its exports fell 14%. However, the company's market share increased from 8.6% in the first quarter of 2018 to 8.9% in the first quarter 2019.

Suez Cement

Sales volumes fell by 16%, while domestic sales fell by 17%. However, their exports rose to 28,681 tons compared to only 7,274 tonnes in the first quarter of 2018, a 294% year-on-year growth.

5- Egypt Beni Suef Cement

Its sales volumes fell by 20% year-on-year and its market share fell from 6.1% in the first quarter of 2018 to 5.3% in the first quarter of 2019. However, it accounted for 6.9% of Egyptian exports in the first quarter of 2019, Of Arab Cement, Lafarge, Suez Cement.

Alexandria for Portland Cement

Sales of the company's factories in Alexandria and Beni Suef decreased by 28% and 31% year-on-year respectively, and its export sales decreased from 9015 tons in the first quarter of 2018 to 55 tons in the first quarter Of 2019.

cement

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