ArabFinance: Misr Cement Qena (MCQE) unveiled its new identity as Misr Cement Group that will have its companies united under one competent management, according to the companys emailed statement.

MISR Cement Group embraces 4 key strategic directions, including: operational excellence, growth for leadership, positively impact the environment and building internal capabilities.

Tarek Talaat, Managing Director of MISR Cement Group, revealed the groups plan to develop its strategy towards reinforcing local and regional leadership.

For over two decades, the group companies played a pivotal role in cement and concrete sector. Committed to keeping pace with and overcoming the markets updates and challenges, we adjusted the groups strategy and policies to join forces under one umbrella (MISR Cement Group), Talaat said.

This step contributes to our mission to be the partner of choice for our stakeholders, and to grow in Egypt and Africa.

It is worth noting that the company reported a 168% Year on Year (YoY) hike in its profits during the first nine months of 2021, recording EGP 107.4 million.

Misr Cement Qena is engaged in the manufacturing and marketing of cement and cement-related products in Egypt and abroad.

The company is involved in the production and distribution of construction materials, as well as dealing in all types of construction supplies and equipment.

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