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Coronavirus widens the cracks in Egypt's cement industry
- BY Reuters|
- Sectors , Materials , Construction Materials |
- 02:11 AM ET 06/08/2020
The coronavirus is putting Egypt's private cement industry under even more pressure. Already scrambling to respond to competition from a vast new factory owned by the military, the pandemic has stymied a nascent rebound in sales, raising the possibility of plant closures, industry executives and analysts say.
Coronavirus widens the cracks in Egypt's cement industry
- BY Reuters|
- Sectors , Consumer Discretionary , Materials |
- 02:00 AM ET 06/08/2020
* Demand for cement in Egypt decreasing as supply increases. * Giant military plant added to saturated market in 2018. * State's mega-projects not offsetting fall in home building. The coronavirus is putting Egypt's private cement industry under even more pressure.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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