ArabFinance: Misr Beni Suef Cement Company (MBSC) announced that the prime minister’s decision of raising the natural gas price for cement industries would not have any impacts on the company as it use coal as fuel, according to a statement filed to the Egyptian Exchange (EGX).

The company also noted it doesn’t use natural gas in its operations.

This announcement came as the Egyptian Cabinet has endorsed the recommendations of the ministerial committee regarding raising natural gas prices to cement industries to $5.75 per million British thermal unit (mmBTU), instead of $4.50 per mmBTU.

MBSC started production in 2003 with a plant of one cement production line. In 2006, the company built one new cement production line.