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CEMEX SAB de CV Reinforces Commitment To Egypt’s Development


Monday, 3 Jun 2013 06:04pm EDT 

CEMEX SAB de CV (CEMEX) announced that it expects to invest approximately USD 100 million (approximately EGP 700 million) to improve its operations in Egypt and continue supporting the country’s housing, commercial and infrastructure development. A sizable percentage of the investment will be used by the Company to increase its capacity to use coal and pet coke as energy sources in its Assiut cement plant, helping to eliminate fuel subsidies by 2014. CEMEX also expects to install new waste co-processing and environmental equipment in the plant to continue reducing its emissions and to increase its alternative fuels usage. CEMEX also expects to invest in equipment to build and promote the construction of concrete roads. The Company is already planning to support four concrete paving projects in Egypt during 2013. 

Company Quote

12.12
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30 Oct 2014