Suez Cement has announced that it may have to halt production at two of its production lines due to an increase in the price of mazut, a heavy, low-quality fuel oil. The Egyptian government has raised the price of the fuel by 130% to US$372/t, effective 15 December 2012. Both of the threatened lines use mazut as their main energy source. The group has a domestic market share of around 20%.
Source:
http://www.uaecement.com/newsDetail.aspx?id=758
