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Italcementi Group entered the Egyptian market in October 2001, when it took part to the first privatisation phase of Suez Cement, a company listed on the Cairo and Alexandria Stock Exchange, acquiring 25% of its capital and thus becoming one of its strategic stakeholders. Following subsequent purchases, in March 2005 Italcementi Group became the principal shareholder of Suez Cement, together with a consortium of local and international investors, through one of the most substantial foreign investments in Egypt outside the oil sector.
Suez Cement's entrance in the Italcementi industrial network constituted an important opportunity of development for the Egyptian company, also due to new investments aimed at increasing its efficiency. Furthermore it strengthened the Group's leadership in the Mediterranean, confirmed by the acquisition of Helwan plant in 2005.
Suez Cement operates 5 plants, one of which specialised in white cement production (El Minya), and has an overall staff of more than 3,000 employees, who participate in ongoing training and advancement programs. Suez Cement is one of the leading cement manufacturers in the Egyptian market.
During 2006 the Group entered the concrete sector through the acquisition of RMB (Ready Mix Beton) and Decom.
The company is dedicated to investing in a better Egypt. Its biggest challenge is promoting industrial development and economic performance while ensuring to comply with the highest standards of environmental protection. In this spirit, in November 2013, a new, state-of-the-art filtration system was launched at Helwan plant. The filter system reduces dust emissions levels to a maximum of 10mg/m3, which is well below Egyptian and European standards.
In addition, Suez Cement inaugurated a new waste-processing plant at its Kattameya site in December 2013 that turns pre-sorted waste into fuel. The facility is the first of its kind for Egypt and Italcementi Group.
The project, which took almost a year to complete, is worth €5 million euros. The plant was built in compliance with Egyptian environmental law and produces approximately 35Kt of RDF annually.
The Group, through its subsidiary Italgen, is planning to install a wind farm of 120MW in the Gulf El Zeit area.