Cairo-Mubasher: Egypt-based South Valley Cement Co. (SVCE) has signed an EPC contract with Chinese firm Sinoma CDI, to allow its plant to use coke, with a grinding capacity of 50 tonnes per hour.
Under the $19.5 million contract, the Chinese firm will also supply spare parts for two years, the company said in a bourse statement.
It added that the deal will be financed through a loan from the Commercial International Bank – Egypt (CIB).
The coke production line will come on stream within 15 months from the contract's singing date, which will help reduce production costs.
