21 C
Thursday, November 21, 2019

Egypt’s $1.1B cement plant in Beni Suef to start within days

A $1.1 billion cement plant with six production lines in the Egyptian city of Beni Suef will start up within days, officials said on Wednesday, adding to nation’s bloated supplies.

Each production line will each produce 6,000 tonnes of cement per day, so total output will be 13 million tonnes a year. Construction began 18 months ago.

The project is starting up when Egypt already has excess cement capacity. As of 2017, the country had 79 million tonnes of annual capacity with consumption only 53 million tonnes, an official at a rival firm, who asked not to be named, said.

At least three cement firms reported losses for third quarter 2017 and national inventory is now 5 million tonnes, the official said.

The new plant, 120 km (75 miles) south of Cairo, is owned by El-Areesh Cement Co for Cement, which in turn is owned by the Egyptian armed forces.

The plant cost 900 million euros ($1.12 billion), said Wu Yong, vice president of engineering management at Sinoma (600970.SS), the Chinese firm responsible for mechanical works.

“It is the biggest plant to be built all at one time,” Wu told Reuters. “We haven’t had anything like it in China.”

He said other plants in the world produced more, but those had all been built in separate stages.

The Beni Suef plant produced its first clinker in December, while cement production would begin in about 10 days, another official working at the plant said.

Reporting by Patrick Werr and Amina Ismail; Editing by Edmund Blair

Leave a Reply

Leave a Reply

Leave a Reply

Latest News

Ethiopia’s Sidama vote on autonomy in latest test for restive regions

Polls opened on Wednesday for Ethiopia’s Sidama people to vote on self-determination in a referendum closely watched by other ethnic groups also seeking more...

Botswana teenager charged for likening First lady to a comedian

A Botswana teenager has been charged with likening the First Lady, Neo Masisi to a local comedian called William Motsetserepa in a Facebook post,...

Liberia and Ivory Coast sign MOU to promote trade

The Governments of Liberia and Ivory Coast have signed a Memorandum of Understanding (MoU) to help promote trade and economic cooperation between the two...

Refugees removed from UNHCR office in S/Africa arraigned – no lawyers and no bail

189 refugees and asylum seekers were arraigned in the Pretoria Magistrate's Court on Monday after they entered the premises of the United Nations High...

1,100 Africans applying for legal status arrested in U.S.

About 1,100 undocumented Africans living in the United States were among thousands of immigrants arrested while applying for legal status to avoid deportation and...

Candidates ramp up campaign ahead of Guinea-Bissau presidential elections

Elections are less than a week away in Guinea Bissau, where residents are hoping to emerge from years of political stagnation. On November 24,...

U.S. blacklists former Kenyan attorney general over corruption allegations

The United States on Monday imposed sanctions on Kenya’s former attorney general, Amos Sitswila Wako, accusing him of involvement in “significant” corruption, according to...

Mali solders suffer heavy casualty again; 24 killed, 29 injured

Twenty-four Malian soldiers were killed and 29 wounded when militants attacked a patrol in northern Mali on Monday, a spokesman for the army has...

Niger’s Hama Amadou returns to jail ahead of 2020 presidential bid

Niger’s main opposition leader Hama Amadou is back behind bars after returning home from three years exile in France with the intention of completing...

UN envoy berates foreign interference after air strikes on Libya factory

The UN's Libya envoy pleaded with foreign actors to honor an arms embargo on the conflict-torn country as he said an attack on a...

More Articles Like This

- Advertisement -
%d bloggers like this: