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Egypt’s biggest cement maker to pay up to EGP200m for coal conversion per plant

Egypt’s biggest-listed cement maker by market value, Suez Cement (SUCE) has said the investment required to convert each factory to use coal will be worth between EGP150m and EGP200m, Arab Finance has reported. The company said that the cost of using coal nearly equals the cost of using natural gas, which will help the company maintain its economic efficiency, and prevent negative impact from the expected increase in natural gas and heavy fuel prices in general.