Suez Cement Delays $248 Million Expansion on Unrest, Alam Says
By Ahmed A. Namatalla -
2012-07-02T08:15:08Z
Suez Cement (SUCE), Egypt’s biggest publicly traded producer of the material, delayed a 1.5 billion Egyptian- pound ($248 million) capacity expansion, Al Alam Al Youm reported, citing Managing Director Bruno Carrea.
The company has postponed additional production lines at its factory in Ein El Sokhna for a year or two because of political unrest, the newspaper cited Carrea as saying.
To contact the reporter on this story: Ahmed A. Namatalla in Cairo at anamatalla@bloomberg.net
To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net
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