Misr Beni Suef Cement has reportedly signed contracts with a European company for the equipment needed to operate a kiln line with coal, involving an investment of EGP200m (US$28m).

A company source told local press that after the purchase the cement producer would operate one line with coal and the other with natural gas.

Misr Beni Suef Cement is negotiating with several bank for financing part of the deal. (Source: Mist News)