Cement player Titan to invest EGP 3 bn to boost capacity

#1- Cement producer Titan Egypt plans to invest EGP 3 bn through 2026 to expand its production capacity and use of alternative fuels, CEO Amr Reda told Al Borsa. The company plans to bring its total production capacity to 5.5 mn tons next year, up from the current 4.5 mn tons generated from its two plants in Beni Suef and Alexandria.

It’s also planning to increase its alternative fuel use to 70% of total consumption by 2030, up from a current 40%, to reduce costs and cut carbon emissions. It is also targeting 1 mn tons in exports by next year, nearly double last year’s 550k tons.