Cairo – Mubasher: South Valley Cement said CEO Fahad Hussein Shobokshi signed a contract worth EGP 300 million with the Chinese company Sinoma CDI, according to a bourse filing sent Wednesday.
Under the agreement, Sinoma CDI will implement South Valley's new cement grinding production line.
The cement producer’s net profits rose 2.7% to EGP 32.5 million in the first quarter of 2015.
