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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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