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Al-Cherouk Newspaper , Egypt.
9/30/2010 12:00:00 AM
ANCC Sign a loan of 1.1 Billion EGP

ANCC- one of ASEC CEMENT companies signed a loan of 1.1 Billion EGP that will be directed to the establishment of a factory for cement production in Menya governorate. The company have negotiated with Arab African bank the loan that will cover 52% of the money needed for the establishment of the factory, which will produce 1680 million tons annually and with an investment cost of 330 Million USD, 8 banks participated in the loan, Arab African bank will cover a share of 312 million EGP, also the national Bank of Greece, Arab Bank and Alex Bank will share with an average amount of 100 – 200 million EGP each.


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