South Valley Cement secures cement production license
South Valley Cement
SVCE
7.18%
8.21
0.55
SVCE
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.
Source:
Mubasher