Egypt’s Beni Suef Cement, owned by Greek cement maker Titan, said Egyptian regulators have granted it permission to launch a new production line with a capacity of 1.5Mta.
The firm said that the investment cost of the new line stands at slightly more than E£1bn.
Titan and Lafarge, the world’s biggest cement group, bought Beni Suef Cement and Alexandria Portland Cement in 1999. Lafarge said last year it had sold its 50 per cent holding to its partner in the joint venture.
The two Egyptian subsidiaries have a combined capacity of 3.1Mt a year.