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FINANCIAL NEWS
Egypt South Valley Co. to cooperate with Chinese firm
01 Feb 2016
(MENAFN) South Valley Cement Company confirmed to collaborate with Chinese firm ‘Sinoma CDI’ to change its facility to rely on coal as energy source with cost of USD 19.5mn.
Additionally, the production of cement using coal predicted to start amid 15 months, which signed a deal with the same Chinese Co. to add an eternal line at USD 37.36mn.
While in 2015, Mehleb officially emphasized the regulations for coal use two years after discussions started in light of a significant natural gas lack.
Moreover, many firms changed some of their production lines to coal in 2015, involving Suez Cement, Titan Cement and Arabian Cement.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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