Suez Cement suspends Tourah Cement Co operations due to losses

Suez Cement has decided to temporarily suspend the operations of Tourah Portland Cement Company, of which it owns 66.12%, on the back of “deteriorating financial results and the accumulated losses” at the subsidiary, the company said in a statement (pdf). Suez did not say when operations would resume, but said losses were “exceeded the value of the shareholders’ equity.”