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News South Valley Cement in dispute with Sinoma CDI over Beni Suef project

South Valley Cement in dispute with Sinoma CDI over Beni Suef project

Written by Global Cement staff 17 December 2018
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Egypt: South Valley Cement says it is in a dispute with China’s Sinoma CDI over an upgrade to its Beni Suef plant. The cement producer alleges that Sinoma has not met its contractual obligations on the project to build new mills. South Valley Cement says that Sinoma has liquidated letters of guarantee worth nearly US$2m, left the construction site and started arbitration proceedings. South Valley Cement is now considering its legal options. The status of the upgrade project remains unknown.

Last modified on 18 December 2018
Published in Global Cement News
Tagged under
  • Egypt
  • South Valley Cement
  • Plant
  • Upgrade
  • Mill
  • Sinoma
  • Legal
  • Dispute
  • GCW384
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