26/05/2013 01:23
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Italcementi Group
Kuwait

Country Profile | Company contacts | Facilities

 

Italcementi operates in Kuwait through Hilal Cement Company, a Group subsidiary since August 2007, listed on the Kuwait City stock exchange. Hilal Cement is the third largest player in the cement business and manages two cement import terminals in southern Kuwait.

Another agreement was signed in 2008 to purchase Kuwait German Ready Mix, a ready mixed concrete producer with average annual production of 140,000 m3 in the last three years.
The vertical integration process in the ready mixed concrete has further strengthened after the acquisition of Al Mahaliya and Gulf Ready Mix.
 
The new local production structure combines the operations of Gulf Ready Mix (ready mixed concrete sales of approximately 200,000 m3 in 2007), Al Mahaliya and Kuwait German Ready mix (about 330,000 m3), making Italcementi Group the Emirate’s largest RMC producer.


Production facilities
Companies: Hilal Cement Company
Al Mahaliya Ready Mix
Gulf Ready Mix
Kuwait German Ready Mix
Concrete
plants:
9
Terminals: 2
Country profile
Italcementi Group in Kuwait
Key data
In M € *

2012

2011

2010

Revenues

56

51

50

Recurring EBITDA

5

6

5

Employees

349

343

323

(*consolidated data before intragroup eliminations)
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Italcementi - Via Camozzi, 124 - 24121 Bergamo, Italy - Tel. +39 035 396 111

 
Last update 03/05/2013 16:37:37  UTC