Egypt: South Valley Cement is considering the cost of building a second production line following an increase in the cost of equipment from foreign suppliers due to the devualtion of the Egyptian Pound. The company’s management will meet in December 2016 to discuss the new 1.5Mt/yr line and how to pay for it, according to Daily News Egypt. The line will be built at the producer’s plant in Beni Suef’s industrial zone, increasing its overall production capacity to 3Mt/yr. It will take three years to build. South Valley Cement won a cement licence from the Industrial Development Authority in December 2016.
South Valley Cement to consider cost of second production line
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