30/07/2010 04:29
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Investor Relations
Suez Cement Group of Companies expands its activities in the field of ready-mix concrete
Cairo, July 2007

Suez Cement Group of Companies expands its activities in the field of ready-mix concrete, a sector where the Company is already active through Ready Mix Beton (RMB) and Ready Mix Beton (Egypt) (RMBE). 
RMBE has reached an agreement with the shareholders of Decom for the acquisition of 100% of the shares. DECOM is an Egyptian company owing a network of five batching plants and with an annual production capacity of 500.000 cubic meters of ready- mix concrete.

Through this acquisition RMB-RMBE becomes the leading Egyptian ready-mix producer with 135 concrete truck mixers and an annual production capacity of more than 1.2 million cubic meters of ready mix.
 
DECOM is supported by 2 batching plants located in Greater Cairo area and by additional plants located in Alexandria, Suez and Al Sadat. In 2006 the revenues of Decom have reached approximately 126 million Egyptian pounds.



Suez Cement Group of Companies expands its activities in the field of ready-mix concrete



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Charter of values
This Charter of Values for Suez Cement states the basic principles underlying the Group’s governance model. It is the point where the personal ethics of each employee and those of the company come together in placing the individual as the basis of corporate development.
Charter of values
Highlights

Revenues
Revenues

5,542 M EGP
6,380 M EGP

EBITDA
EBITDA

1,863 M EGP
2,155 M EGP

Operating income
Operating income

1,609 M EGP

1,859 M EGP

Employees

3419


As at 31.12.08

As at 31.12.09

The figures are consolidated ones (not stand alone)

 
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Last update 29/05/2008 10:54:37