Suez Cement delays new lines, Egypt

Egypt-based Suez Cement has delayed a EGP1.5bn (US$248m) capacity expansion, Al Alam Al Youm reported, citing Managing Director Bruno Carrea.

The company has postponed additional production lines at its factory in Ein El Sokhna for a year or two because of political unrest, the newspaper cited Carrea as saying. (Source: Bloomberg)