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Italcementi Group
Egypt

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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). 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 Group, through its subsidiary Italgen, is planning to install a wind farm of 120MW in the Gulf El Zeit area.


Production facilities
Companies: Suez Cement group of Companies
RMB
Decom
Italgen Misr
Cement plants: 5
Suez
Kattameya
Tourah
Helwan
El Minya
Concrete plants: 20
Country profile
Italcementi Group in Egypt
Key data
In M € *

2012

2011

2010

Revenues 563.9 551.8

788.7

Recurring EBITDA

126.9

129.6

270.5

Capital expenditure

31.2

39.1

53.3

Employees

4,573

4,622

4,781


(*consolidated data before intragroup eliminations)
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Last update 19/04/2013 15:39:00  UTC