Suez Cement to invest US$40m in environmental upgrade and fuel adjustments

Suez Cement to invest US$40m in environmental upgrade and fuel adjustments
Published: 22 November 2012


Suez Cement is planning to invest around US$40m over the next couple of years to enhance environmental performance at its plants as well as switching partly to coal and refuse, according to Alborsa newspaper. 

Suez Cement managing director Bruno Carre said that the company is considering a number of investment opportunities in the Egyptian market in light of recent political and economic developments.

In 2012, the company invested around EGP300m while total investments by the parent company in Egypt reached EUR1bn to date.