Remco may build $250m cement plant in Egypt

Egypt's third-biggest publicly traded resorts firm, Remco for Touristic Villages Construction, has said it is considering plans to build a $250m cement plant in the country, Bloomberg has reported. "We're currently studying two available licenses for the cement plant in South Sinai and Wadi El Gadeed," Ayoub Adly Ayoub, Remco's president told the news service. "There are also eight new ones that we will study. The plant would have a capacity of 1.5 million tonnes."

Posted on Thursday, June 17-2010

News provided by: AME Info