Europe / Middle East / Africa
Suez Cement delays new lines
Jul, 03 2012
(Egypt) -- Egypt-based Suez Cement, the country’s biggest publicly traded producer of cement, has delayed a US$248m capacity expansion.
The Managing Director of the company, Bruno Carrea, said that the company has postponed additional production lines at its factory in Ein El Sokhna for a year or two.
The company has attributed the delay to political unrest in the country.
By: Rashmi Kalia (ARI-C NEWS)
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