Thursday 24 July 2014

ASEC Engineering wins Mozambique deal

ASEC Engineering and Management, a subsidiary of Citadel Capital, has signed an operations and maintenance (O&M) contract with Mozambican cement producer Cimento Nacionale Ltda. “This contract with Cimento Nacionale Ltda


Asec Minya launches sulphate-resistant cement

Asec Minya Cement has launched its sulphate resisting Portland cement product ‘Asec Al Mokawm,’ which protects concrete from soil’s sulphates. The cement is considered a breakthrough in the construction field giv


Asec Cement consortium wins Muthanna deal

A consortium of Asec Cement and Iraq’s Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement Plant for 14 years. Muthanna Cement, located between Najaf and Basra in southern Iraq, is one of seven p


Asec signs 3 contracts for plant management

Asec Engineering and Management, a portfolio company of Asec Holding, has signed three five-year renewable contracts to provide technical management services for three cement plants. A fourth contract, signed in 2000, has been extended for


Top Egypt cement firm plans ME expansion

Egypt's Asec Cement wants to capitalise on the growth of housing and infrastructure demand in the region by more than doubling the cement production it controls by 2013, its chief executive said. ASEC, a subsidiary of Cairo-based Citad


Citadel executes $55m partial exit of ASEC

Citadel Capital said it has partially exited ASEC Holding as well as United Foundries by selling off its six per cent stake in each of the companies to the Emirates International Investment Company (EIIC) in a $55 million deal. A


ASEC Cement invests $550m in Algeria

A $550-million plant in central Algeria is the newest addition to ASEC Cement Holding’s regional expansion plans. The company has signed a $550-million engineering, procurement and construction contract (turnkey contract) for a greenfield

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