Egypt: Suez Cement plans to increase its energy intake and its production capacity by 15%, according to Bruno Carrè, the company's managing director in Egypt. He added that the company would not file a request to obtain a new cement licence. Suez Cement will convert two new facilities in 2015, adding to two facilities converted in 2014. "We are investing US$52.4m/yr for four years," said Carrè.
Carlo Pesenti, the CEO of Suez Cement's mother company Italcementi, said that the company is currently focusing on energy source diversification at its Egyptian facilities. Pesenti said that the company "Has capacity to increase the volume of investments in Egypt." It is currently investing US$15.7m to build a wind farm that will be deployed in the next two years.
