Suez Cement to shut 14 production lines in Cairo
Egypt’s Suez Cement said on Tuesday it would shut down 14 production lines as part of an agreement with the government to relocate out of the capital to reduce pollution.
Suez Cement, Egypt’s largest listed cement company and a unit of Italcementi , has agreed to shut 13 wet lines at its Helwan Cement and Torah Cement subsidiaries and a 1.1 million tonne-per-year dry line for clinker at Torah.
In return, Suez will open a new line with an annual capacity of 2Mt of clinker at its plant 30km east of Cairo, it said.
The new US$400m line will help Suez increase its cement production by 900,000t.
The firm said in March it planned to spend more than 3 billion Egyptian pounds ($517 million) to relocate 2.5Mt of Torah’s capacity to a new, energy-efficient site to adhere to environmental regulations.
Published under Cement News
