Egyptian Steel ventures into cement

Egyptian Steel ventures into cement
Published: 19 November 2012

Tagged Under: Capacity CAPEX new plant greenfield 

The Qatari-Egyptian steel producer Egyptian Steel will be investing around US$250m in a new cement works. The venture will seek to acquire a cement licence out of the seven the Egyptian government is planning to offer. If successful, it is expected that the works will have an annual capacity of 1.5-1.8Mta, said Abu Hashima, Egyptian Steel chairman.