Lafarge's investments in Egypt hit US$3bn in 2015

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Egypt: Lafarge Egypt's total investments in the local cement market will hit US$3.2bn at the end of 2015, according to CEO Hussein Mansi.

Mansi said that Lafarge Egypt intends to expand in the local market with US$16.8m of new investments in a recycling project. The project is expected to start within six months of the required land being supplied by the government. In the near future, Lafarge Egypt will supply national projects currently being executed by the government such as the New Administrative Capital project and New Suez Canal projects.

Mansi said that Lafarge Egypt plans to increase its current market share, which is currently estimated at 14%.

Last modified on 07 October 2015

URL: https://globalcement.com/news/item/4200-lafarge-s-investments-in-egypt-hit-us-3bn-in-2015

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