Suez Cement was established in 1977, is the largest grey cement producer in Egypt with a production capacity of four million tons of cement per year. The company started its activities by building its first plant in Suez followed by the Kattameya plant with total investments of about L.E. 1.7 billion. Both plants operate using the dry method with whitewash and primary heating. The company serves the domestic market and exports its products to Arab, African and European markets as well.
In August 2005, Suez Cement Company purchased around 99% of ASEC Cement Company (currently Helwan Cement Company), listed on the Cairo and Alexandria Stock Exchange. This acquisition was executed in collaboration with other local and international partners for a global investment of around $605 million. This transaction allowed Suez Cement to strengthen its leadership in Egypt.
In July 2016, HeidelbergCement finalized the acquisition of 45% of Italcementi the subsidiary of Italmobiliare. Suez Cement, of which Italcementi owned 55% shareholding, thus, joined HeidelbergCement with the same shareholding as one of the world’s biggest building materials producers.
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