Sinai Cement Company is latest to pursue switch to coal
The Egyptian cement company has made the decision to invest in new equipment to fire coal at the plant after a prolonged period of energy shortages and price hikes.
The Egyptian cement company has made the decision to invest in new equipment to fire coal at the plant after a prolonged period of energy shortages and price hikes.
The IFC will provide National Cement Company Ltd with US$70 million, which will enable it to increase its production capacity to 1.7 million tpa.
In 2Q14, Suez Cement’s consolidated revenues totalled EGP1.719 million, while recurring EBITDA rose to EGP373 million.