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South Valley Cement secures cement production license

South Valley Cement secures cement production license
South Valley Cement secures cement production license
South Valley Cement
SVCE
7.05% 8.20 0.54

Cairo – Mubasher: The Industrial Development Authority approved to grant South Valley Cement Co. a license to construct Beni Suef cement production line.

The new production line cost will amount to EGP 160.3 million with production capacity of nearly 2 million annually.

Earlier, South Valley Cement reported a 69% rise in its profits for the second quarter of 2016.