SVCE to complete new Egypt production line by 2017

By 2017, a new production line will be completed by South Valley Cement Company (SVCE) in Egypt that will have an annual capacity of 1.5mn tonnes. Construction work on the new line began in July 2015, and approval for the line has been secured by SVCE from the Industrial Development Authority (IDA). SVCE will invest EGP 1.50bn (EUR 168.31mn USD 191.69mn) in the project.