Arabian Cement Co announced that the company's board of directors was convened last Sunday and approved the legal procedures to build a new coal mill worth EGP80m (US$9m).
The company aims to increase its use of petcoke which will lead to more co-operation with Egyptian refiners companies, as well as reduce importing coal and cut operation's cost for the company's plant.
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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...