Pet coke is a solid non-volatile residue which is obtained as the final still product in the distillation of crude petroleum and whose purity makes it desirable for metallurgical processes, for carbon electrodes, and as a fuel.
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Company seeks to reinforce presence in Egyptian market, increase sales in 2018
Company currently seeks increasing exports to Asia, Africa, says source
The company aims to shrink loans to EGP 40m compared to $65m in 2016
The company seeks to exploit its full production capacity, which is currently operating at a 60% capacity due to the existence of only one coal mill
The company’s profits declined to EGP 111m during Q4 2015
Cairo based Meivo International sells 51% of its stake to Saudi SPIMACO
Company held an IPO in May 2014
Devaluated Egyptian pound, high cost of transportation result in “tough quarter” for the company
The company is seeking to increase revenues by 10%
Move comes as a part of Arabian Cement’s joint venture agreement with Brazil’s Cementos Relampago
Company figures show that in 2013, production output was at approximately 4 million tonnes, versus 4.3 million tonnes produced the year before.
Arabian Cement’s initial public share offer was 18.5 times oversubscribed, an official at CI Capital, who advised Arabian Cement Company on their IPO alongside EFG-Hermes
Company will announced IPO price next week
Reuters – Egypt’s Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP 8.45 and EGP 9.55 ($1.37), with trading to begin on or around 21 May, Chief Executive Jose Maria Magrina said on Monday. The deadline for buying orders will be on 8 May for private …