Cash will be used for anything from acquisitions to buybacks

In February, the company had disposed of its white cement business in the US

This phase will end no later than November 19, 2018

The share buyback is aimed at giving the company an instrument for liquidity investment

Low demand and prices coupled with rising coal prices creates problems to the company

Company still suffers with loss-making subsidiaries

Vicat first invested in Egypt 15 years ago

Egyptian cement maker faced another loss in the first semester

Debt collection was announced via statement to the stock exchange

Company nevertheless achieved good financial results in 2017

Company hopes to complete the turnaround soon

Operation was attempted two other times, in 2015 and 2017, without success

Company has accumulated losses over the past years

Cement achieved largest growth in net profit margins

Company's operating costs rose over new capacity expansion

Company was recently put under admnistration

A US industry group came out in support of the investigation

Petcoke and freight costs increase while cement prices fall

Company's expansion plans thwarted by rising debt

Production plunged during the last semester