Mexico’s Cemex Plans $100 Mln Investment In Egypt

Mexico’s Cemex, one of the world’s biggest cement companies, plans to invest around $100 million to improve its operations in Egypt, the company said in a statement on Monday.

The Monterrey-based company said “a sizable percentage” of the investment will be used to increase its capacity to use coal, pet coke, and other alternative fuels at its Assiut cement plant.

Overall, the spending plan aims to boost housing, commercial and infrastructure development in the country.

Reuters