ACC News Coverage 2011
Distributors and traders are the reason behind cement price increases... and we intend not to deal with them
December 23, 2011
Jose Magrina, ACC CEO and the representative of the Spanish shareholder in the company, said that the crucial step for all Egyptians now is to have legitimate parliament and government, so there shouldn’t be real concern about the rise of Islamists and their dominant presence on the political arena. Magrina indicated that he expects no negative impacts of the political scene on the Egyptian economy. More
ACC to pay two installments IDA indebtedness
November 16, 2011
Arabian Cement Company (ACC), which had recently held a press conference to discuss its issues regarding their local and international legal cases related to the Government of Egypt, has just announced that they have reached an agreement with the Egyptian Industrial Development Authority. More
Jose Magrina: Frankly...the government is the one responsible for increasing cement prices
August 2, 2011
Jose Magrina, ACC CEO, said that the tenders’ system imposed by the Egyptian government does not exist anywhere else in the world, except in the field of new industries that are being introduced to the market for the first time, where all companies are considered new to the market. This does not apply in the case of the cement industry, which is an old industry in the Egyptian market. More
A cement company accuses the government of being arbitrary and reverts to international arbitration
July 16, 2011
ACC resorted to the media to present its dispute with the government, which the former accuses of treating cement producers unequally and imposing mandatory fees on new cement producers to prevent them from competing in the market, according to Jose Magrina, ACC CEO. More