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Coronavirus widens cracks in Egypt’s cement industry

Coronavirus puts the private cement industry in Egypt under pressure.

Already scrambling to meet competition from a vast new army-owned plant, the pandemic has hampered a nascent rebound in sales, raising the possibility of plant closures, industry leaders and analysts say.

Demand for cement in Egypt was down when the military opened a $1 billion plant in 2018 that added 13 million tons of annual capacity, in addition to the country’s existing 79 million tonnes.

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