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.
August 24, 2015 Read time: 1 min

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.

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Egypt’s IDA to issue cement licences

The Industrial Development Authority (IDA) in Egypt will issue licences for setting up cement factories in El-Wadi el-Gedid, Beni Suef, Qena, South Sinai, Aswan, Sohag, Minya, Marsa Matrouh and Suez governorates in Egypt.

The bids deadline have been set on 10 May, 2016.

So far, a total of 37 companies have applied for the coal-fired cement plants' licenses. The plants will have capacities of 2 million tonnes/year.

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