Egypt: The Arabian Cement Company plans to spend US$5.7m on a new coal mill for its Suez cement plant. The upgrade is intended to increase production capacity at the site, according to the Daily News Egypt newspaper. At present the plant is operating at 60% capacity by using one coal mill. It imports coal from Europe, China and South Africa through the Dekheila Port of Alexandria and Adabiya Port in Suez.
The cement producer reported that its net profits fell by 36% year-on-year to US$8.97m in the first nine months of 2016 from US$14.1m in the same period in 2015. It blamed this on foreign exchange rates and a drop in sales due to technical problems at the plant.
