Egypt’s Misr Beni Suef Cement plans to add a new cement production line to its manufacturing facilities in the first quarter of 2003. The new line will have a production capacity of 1.4 million tons per annum, increasing the company’s output to 2.8 million tons of annually, reported Al Alam Al Youm .
The most privately owned Egyptian cement producer, Misr Beni Sueif received a 50 million Egyptian pound ($10 million) long-term loan from Bank Misr this past May, bringing the firm’s credit to EP 400 million. The company signed a loan agreement with Bank Misr in October 1999 for an EP 355.2 million loan at a 12 percent interest rate. — (menareport.com)
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