Overcapacity Cement industry news from Global Cement
30/09/2020#0183;#32;This is set against a production capacity of /yr in 2018, giving an excess of 30Mt/yr and a utilisation rate of 59%. One story that was mentioned in the local press this week is that Arabian Cement Company (ACC) had started negotiations with the European Bank for Reconstruction and Development and the Commercial International Bank Egypt to secure new loans worth over US20m.