Cement News tagged under: Egyptian Cement Co
Egyptian Cement to inaugurate plant in 202123 September 2020, Published under Cement NewsEgyptian Cement Group has announced plans to inaugurate a new plant in 2021, according to Ahmed Abou Hashima, CEO. The facility is located in Sohag and has a total investment cost of EGP4.5bn (US$285.79m). Egyptian Cement’s new factory will be the group’s "first investment seed" in the coming year, marking the first business expansion since the COVID-19 pandemic. |
Egyptian Cement Co seeks loan for Sohag plant31 May 2017, Published under Cement NewsEgyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and construction materials complex in Sohag province. The alliance is made up of the National Bank of Egypt, Banque Misr, CIB and Arab African International Bank, sources told Al Mal newspaper. The details of terms and conditions memorandum are being agreed upon in preparation for addressing other local banks to contribute to ... |
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