Tag Archive | "cement"

Attock Cement gets Green Light

By John Lee.

Pakistan’s Econo­mic Coordination Commit­tee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra.

The investment will starting this month, with the company intending to hire 50 percent of its labour force from outside Iraq, create employment opportunities for Pakistanis.

ACPL is a public limited company, listed on the Karachi Stock Exchange, and is part of the Pharaon Group.

(Source: Pakistan Ministry of Finance)

(Cement image via Shutterstock)

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Iraq Boosts Lucky Cement Results

By John Lee.

Pakistan’s Lucky Cement has reported progress at its grinding unit in Iraq.

Analyst Nabeel Khursheed at Topline Securities commented that operations from Iraq contributed net earnings of Rs323m (eps Re1) to Lucky’s consolidated bottom-line.

(Source: DAWN.COM)

(Picture: Muhammad Ali Tabba, CEO of Lucky Cement)

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Lafarge Iraq Cement Sales Rebound

By John Lee.

French cement maker Lafarge has written down 385 million euros of assets, mostly in Syria and Iraq.

Volume sales were hit by the limited ability to transport cement in Iraq in the second half of the year.

Bloomberg, however, quotes Chief Executive Officer Bruno Lafont (pictured) as saying that cement sales in Iraq have rebounded recently as transport capacity has re-opened.

(Sources: Lafarge, Bloomberg)

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Iran to Increase Cement Exports to Iraq

By John Lee.

Iraq has agreed to increase cement imports from Iran.

Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency:

“As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals.”

He noted that the new regulations have been adopted by Iraq’s Trade Ministry.

(Source: Cemnet)

(Picture: Kufa Cement Factory)

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Lafarge Launches New Cement for Iraq

Lafarge Iraq has launched a new version of Karasta, its multipurpose cement, tailor-made for the Iraqi climate.

In order to meet customer expectations and needs the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion.

Karasta’s new formula meets the Iraq specification 3868 and the international standards EN 197-1:2011 CEM II/A-L 42.5 R, which is similar to Lafarge products in other countries

Karasta is produced at Lafarge’s Bazian and Tasluja plants located near Slemani.

Speaking to masons at the Karasta launch event in Erbil, George Elias, Marketing Director, Lafarge Iraq, commented that Lafarge’s customers are all part of the Lafarge family, without their feedback and support growth would not be possible. ‘Together we will build better cities.

Elias added that Lafarge Iraq are committed to providing the best service and takes customer care and feedback seriously we expect with the improvements to Karasta’s formula that Lafarge Iraq’s market share will increase.

The new Karasta was blind tested by some of the masons that attended the launch and they commented that the improvements to Karasta’s performance were very noticeable and that they would recommend the new formula to other masons.

The new Karasta went on sale in Erbil on 22nd June 2014 and will be available across cities in Iraq in the near future. Many of the new large-scale projects in Iraq are being built using Karasta, which is tailor-made for the Iraqi climate and market needs.

(Source: Lafarge)

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Iraq Bans White Cement from Iran

By John Lee.

Global Cement reports that Iraq has banned imports of Iranian white cement from the Iranian border towns of Shalamcheh and Chazabeh.

Sadeq Sava’edi, the deputy head of Khuzestan’s Cement Exporters Union, told the ISNA news agency that Iraq is still importing grey cement and other construction materials, adding that Iran exports 8000 t/day of construction materials from the Chazabeh border area and 6000 t/day from Shalamcheh to Iraq.

Iraq banned imports of cement of Iran completely in June 2013 but trade resumed shortly afterwards.

(Source: Global Cement)

(Picture: Kirkuk Cement Factory)

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Another New Cement Factory Planned

By John Lee.

Following the news last week that Muthanna Cement is to be rehabilitated, it has now been announced that a new cement plant is to be built in Karbala.

The state-owned plant will require an investment of US$300 million and will be constructed by a Iraqi-Canadian joint venture.

World Cement reports that the project is expected to take “less than 38 months” from design to completion, and create about 700 jobs. Its planned capacity is 5300 tonnes per day.

(Source: World Cement)

(Picture: Falluja Cement Factory)

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ASEC Consortium Wins Cement Plant Deal

By John Lee.

ICR reports that 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.

Attending a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, ASEC Cement Chairman and CEO Giorgio Bodo said:

We are delighted to be entering this new market with a high-profile project that is economically vital to Iraq … Iraq has embarked on a robust plan to rebuild and modernise its infrastructure and has launched major housing, industrial, and community projects. The rehabilitation of Muthanna is an important part of Iraq’s investment in bridging the supply gap, particularly in the south.

Muthanna Cement is one of seven plants controlled by Southern Cement Company. Built in the 1980s, the plant has a total clinker and cement design capacity of 1.92Mta and 2Mta, respectively. As a result of economic sanctions on Iraq in the 1990s, the company’s current production is around 20 per cent of its design capacity.

The consortium won the Muthanna contract following an international tender; work will begin in 2Q14, with a view to reaching the full 2Mta production capacity by August 2016.

Qemmet El-Iraq, ASEC Cement’s consortium partner, is based in Erbil. Established in 1989, it has a primary focus on manufacturing packaged food products with a national focus, among other activities. Qemmet El-Iraq’s shareholders have been active in the country’s construction and contracting industry since the late 1970s.

ASEC was created in November 2005 by Citadel Capital, whose Chairman and Founder Ahmed Heikal commented:

ASEC Cement’s entry into the into the regionally important Iraqi market is part of Citadel Capital’s strategy of judiciously pursuing complimentary growth opportunities within our five core industries, including energy, agrifoods, transportation, mining and cement.

(Source: ICR)

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