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 investing in coal power at plants

Egypt-based Suez Cement will invest US$83.74 million (EGP 600 million) in 2015 to allow two of its cement plants south of Cairo to be powered by coal, negating the country’s natural gas supply shortage.

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