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Tuesday, 14 June 2016

Chinese contractor wins EUR 1.05 bn cement construction, management contract from GoE

A Chinese builder has won a EUR 1+ bn cement plant contract from Egyptian government, but we can’t say for certain how much the contract is worth. Al Ahram’s breaking news website said yesterday a subsidiary of publicly traded Chinese cement producer Sinoma International Engineering will won a contract to build a EUR 1.05 bn cement plant in Egypt, but Chinese state news agency Xinhua says the 2.2 MTPA facility will cost EUR 1.503 bn to build. A global industry news site puts the figure at EUR 1.05 bn, but doesn’t cite its source. Xinhua suggests it’s an EPC plus operations and maintenance contract for “six clinker cement production lines with 6,000 tonnes of daily capacity for Egypt’s equipment bureau of the Ministry of Defense and Military Production.” Industry site Global Cement adds that the lines will be in Beni Suef and that the contract also includes maintenance of two production lines in Arish. Sinoma has previously won expansion and upgrade contracts in Egypt.

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