South Valley Cement invests EGP 1.5 bn to double production through new cement license

Byszheng

Updated Thu, 12 May 2016 10:20:15 GMT

The South Valley Cement Company will invest EGP 1.5 bn in doubling its production capacity to 3 mn tonnes from 1.5 mn tonnes by expanding the Beni Suef facility through a new cement license, said company Chairman Ahmed El Mekaty.

 The company is currently preparing a feasibility study to present to the Industrial Development Authority as part of procedures to obtain the new license by the end of the month.