National Co for Cement to avoid losses by coal mill

To help reduce the losses recently incurred by Egypt-based National Co for Cement, its new Chairman, Emad el-Din Mustafa has said the company will purchase a coal mill.

The US$250m will reduce the cement company’s reliance on gas, which deepens the losses to more than US$3m YoY, according to Mr el-Din Mustafa.

The company will also focus on training and updating workers’ efficiency, he added.