Tourah Cement rejected the auction result to sell off the old kilns of its Tourah plant as a result of the low price received. They are to be reauctioned later.
The proceeds from selling the kilns, which ceased operation in 2013, reached around EGP7.6m (US$459,419), according to the company.
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email