Egyptian National Cement extends bid

Egyptian National Cement extends bid
Published: 15 April 2004

Egypt’s National Cement Company (NCC), an affiliate of the state-owned Chemical Industries Holding Company (CIHC), has extended to May 16, 2004 the deadline for submitting offers in a sealed-bid tender for the sale of its old and new gypsum factories and related facilities.  The deadline was initially set on April 14, 2004. The investors can also submit bids to lease the factories for a certain period of time, with an option for purchase. The factories can be bought or leased separately.

The old gypsum factory of NCC started operations in 1968 with an annual output of 60,000t of gypsum. The new factory was put into operation in 1999 and has an annual capacity of 300,000t.