|
|
Article: Egypt 2009 cement exports seen lower: CI Capital.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- May 19, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CAIRO: Egypt will see declining cement exports in 2009 due to the global slowdown coupled with a government decision to ban cement exports for four months from April, Egypt's CI Capital Research said on Monday.
But the industry can weather the drop by capitalizing on a real estate backlog in the domestic market that will help demand for Egyptian cement continue to grow, albeit at a slower pace, the Cairo-based group added in a research note.
CI Capital said cement exports were expected to drop to 700,000 tons in 2009 from 1.3 million last year. Exports should recover slightly the following year and hit 2.3 million tons in 2011 and 3.9 million tons by ...