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The production volume of Suez Cement Co. (SUCE.CA), the biggest listed cement producer, dropped by 30% year-to-date due to the shortage in fuel supply, operations development manger Mohamed Shanan said on Tuesday.
Shanan added that energy stands for 50% of cement production costs in Egypt, noting that a rise in fuel prices will be accordingly met with a rise in cement prices.
Shanan further stated that the volume of exports will be reduced over the coming period.