Egpyt: The Mexican cement giant Cemex has said it plans to invest US$100m to expand its operations in Egypt. The planned investments were discussed in a meeting between Sergio Menendez, President of Cemex in Egypt, and Yehia Hamed, Egyptian Minister of Investment.
The investment will allow Cemex to 'significantly improve its operations in Egypt and continue supporting the country's housing, commercial and infrastructure development, according to the company.
New environmental equipment will be installed to reduce emissions of pollutants and increase the use of alternative fuels. "Cemex is constantly providing industry-leading building solutions that help improve the well-being of the people of Egypt," said Menendez. "This investment is expected to support the sustainable development of Egypt for many generations."
Cemex said that more than 250,000t of waste have been processed into alternative fuels in Egypt since 2000. "In 2010 Cemex inaugurated a new US$12m dust filter equipped with the latest technology to reduce emissions in its Assiut cement plant," said Cemex.
