Egyptian Suez Cement to get $5.0m enviro grant

Egyptian Suez Cement to get $5.0m enviro grant
Published: 27 January 2004

Egyptian cement producer Suez Cement will receive a US$5.0m grant from the National Societe Generale Bank (NSGB) to upgrade the filters of its cement plants, it was reported on January 26, 2004.  The project is part of a programme to reduce industrial pollution in Egypt, financed by the World Bank (WB) and carried out by the Egyptian Environmental Affairs Agency (EEAA) in co-operation with the National Bank of Egypt (NBE) and NSGB.  The memorandum of understanding between the two sides was signed by NSGB chairman Mohamed Madbouly and Suez Cement chairman Alaa El-Din Monir. The signing ceremony was also attended by the Egyptian Minister of State for Environmental Affairs Mamdouh Riad Tadrus, the Minister of Public Enterprise Mokhtar Khattab, the Minister of Technological Development and Industry Ali el-Saidi and NSGB managing director Jerome Guiraud.