Suez Cement to invest EGP 500mn

Some EGP 500 million (€55.87 million/US$69.91 million) will be spent by cement maker Suez Cement to improve its environmental mitigation plan at Tourah Factory 2 in Egypt. According to Al Mal News, Suez Cement will be shutting down Tourah Factory 1, which failed to comply to the environmental standards.
October 8, 2014 Read time: 1 min

RSSSome EGP 500 million (€55.87 million/US$69.91 million) will be spent by cement maker 7903 Suez Cement to improve its environmental mitigation plan at Tourah Factory 2 in Egypt.

According to Al Mal News, Suez Cement will be shutting down Tourah Factory 1, which failed to comply to the environmental standards.

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Egypt’s Suez Cement spends US$52.40mn/year for four years

According to the Bruno Carre, managing director of Egypt-based Suez Cement, the cement manufacturer is spending US$ 52.40 million (€47.77million)/year for four years.
In 2015, it is likely to convert two new facilities. It targets to raise its energy intake as well as production capacity by 15%.
The company would not lodge a request to get a new cement licence.

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