Suez Cement Co has voluntarily agreed to close its Tourah Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environmental standards.
The Egypt-base producer has instead chosen to invest in excess of EGP500m in environmental mitigation measures at its Tourah Factory 2, local newspaper Al Mal News said yesterday.
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EBRD provides EUR25m to Arabian Cement Co
The European Bank for Reconstruction and Development (EBRD) is providing up to EUR25m in financi...