LafargeHolcim withdraws from aggregates in Egypt
Even before the beginning of the Covid-19 pandemic – which aggravated the existing crisis in the Egyptian construction sector – the Franco-Swiss giant had decided to pull out from aggregates and halt losses in this oversaturated segment.
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▪ LafargeHolcim withdraws from aggregates in Egypt
▪ Even before the beginning of the Covid-19 pandemic – which aggravated the existing crisis in the Egyptian construction sector – the Franco-Swiss giant had decided to pull out from aggregates and halt losses in this oversaturated segment.
▪ https://www.africabusinessplus.com/en/804952/lafargeholcim-withdraws-from-aggregates-in-egypt/
In May, the Egyptian government also suspended the granting of construction permits for a period of six months in the country, which represents LafargeHolcim’s fourth largest Africa market in terms of production capacity.
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