22-23 Oct, 2013 - Istanbul, TURKEY
Mercure Istanbul Altunizade
Mercure Istanbul Altunizade
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ASEC Minya Cement, an affiliate company of ASEC Cement, opened a new factory in Minya, Egypt at a cost of about $360 million. The new setup is expected to produce up to 2 million tonnes of cement annually. ASEC has used globally proven technologies in the cement factory which also complies with the highest international environmental standards. It is also one of the largest funding operations in Egypt with the most up-to-date equipment used in cement production lines.
The new factory will produce grey cement, which will be used to meet the needs of major infrastructure projects in Upper Egypt governorates.
Located 200 km away from South Cairo and 50 km from North Minya city, the new factory is the second in a row to be inaugurated by ASEC Cement in a five years’ timeframe. In addition to ASEC’s other factories, the wholly integrated factory in Sudan has a production capacity of 1.6 million tonnes annually.
For more updates on ASEC Cement’s new ventures and updates on Egypt, attend CMT’s 8th Middle East Cementrade, from 22-23 Oct, 2013 in Istanbul, Turkey, where Mr. Giorgio Bodo, Chairman & Managing Director, ASEC Cement will elaborate on ‘Egypt Cement Market Developments & Challenges’.
For enquiries about the event, please contact Ms. Liz Tran at liz.tran@cmtsp.com.sg or +65 6346 9114.
26 Sep, 2013
Middle East’s cement industry is booming, following the rise in infrastructural activities in the region. Just this April, Saudi Arabia ordered a 10 million t cement import to end the country’s cement shortage. To further support the country’s multi-billion dollar infrastructure and housing development plans, new cement capacities are also expected to be built. Orders have been passed down for three to four new cement plants to be built with a budget of USD 800 million. These new capacities are expected to come on stream in three years.
Further down in Oman, cement demand growth is expected to spike as the government increases spending on roads and infrastructure projects. Demand growth will also be observed in Turkey as the nation moves out of stagnation towards large construction projects such as highways and power plants. Amidst optimistic demand growth, Turkey, however, may be struck with lower exports in the face of expanding cement capacities in the region’s importing countries.
One country that is enjoying increasing cement production is Iran. According to reports, Iran’s cement capacity will “reach 75 million t by the end of the current Iranian calendar year”, with an estimated 12 million t for export. Iran’s capacity is also likely to hit 110 million t in 2015, as stated by Iran’s Mines and Trade Minister.
The production growth comes timely as its neighbor, Iraq, is facing cement insufficiency due to increased reconstruction work and foreign investment in the country. At its current 12 million t cement capacity from the 21 local plants, Iraq is facing an estimated 6 million t shortage. Following the announcement that cement trading between Iran and Iraq is to resume with a $5 increase in price, the cement shortage in Iraq may well see an end.
More cement trade movements will be expected from Iran and Iraq as the former invests $245 million in a 2 million t annual capacity cement factory in Iraq. The factory is expected to come on stream in two years and will feature the complete use of Iranian expertise and technology. On top of this, Iran has also expressed interest in investing in its neighbor’s infrastructure projects and help Iraq meet the demands across several sectors.
More updates on Middle East’s upcoming projects, trade trends and market opportunities will be elaborated at the 8th Middle East CemenTrade in Istanbul this October 22-23. Visit the Event Page for more details.
For event information and inquiries, please contact Ms. Grace at grace@cmtsp.com.sg or Tel. +65 6346 9147.
23 Jul, 2013
Turkish industry giant Haci Omer Sabanci Holding AS (SAHOL) is looking to acquire cement production assets in the region to support its plan in doubling annual capacity or at least hitting 20 million tons/year within the next five years. Currently, Sabanci’s annual cement production capacity stands at 13 million tons.
Sabanci, which owns Cimsa Cimento Sanayi & Ticaret AS (CIMSA) and works with Akcansa Cimento AS (AKCNS), is looking to extend its reach within and outside Turkey to overcome the Turkish regulation that bans any company from having more than 25% control of the domestic market. The total annual capacity now stands at 106 million tons. Sabanci’s timely expansion plan coincides with the upturn of Turkey’s cement industry as the domestic market foresees recovery after the 2012 stagnation.
The turnaround is largely due to large infrastructural projects including highways, the Bosporus bridge and power plant projects in the country. In addition, the government’s auction of a $6.5 billion highway project to Turkish, Italian and Japanese builders, linking Istanbul with the eastern city of Izmir, is also set to boost the cement industry. Another vital project is a $3 billion suspension bridge in Istanbul, connecting roads over the city’s Bosporus strait.
Industry players stay alert on upcoming projects and regional trends as opportunities continue to arise. Top executives will convene at the 8th Middle East CemenTrade in Istanbul this October 28-29 for more updates, forecasts and discussions.
More information on the event will be released soon. For enquiries, please contact Ms. Grace at grace@cmtsp.com.sg or Tel. +65 6346 9147.
13 Jun, 2013
