Suez Cement, Egypt’s largest listed cement company and a unit of Italcementi , has agreed to shut 13 wet lines at its Helwan Cement and Torah Cement subsidiaries and a 1.1 million tonne-per-year dry line for clinker at Torah.
In return, Suez will open a new line with an annual capacity of 2Mt of clinker at its plant 30km east of Cairo, it said.
The new US$400m line will help Suez increase its cement production by 900,000t.
The firm said in March it planned to spend more than 3 billion Egyptian pounds ($517 million) to relocate 2.5Mt of Torah’s capacity to a new, energy-efficient site to adhere to environmental regulations.
