CAIRO: ASEC Engineering and Management signed a three-year renewable contract to provide technical management services for Alsalam Cement Production Company’s (ACPC) cement plant near Atbara in Sudan, the company said in a statement.
The Atbara plant, which produces clinker that is then ground with gypsum to make cement — has a production capacity of approximately 2,000 tons per day.
ASEC Engineering will receive a fixed fee for every ton of clinker produced in return for a guaranteed minimum annual production and a pledge to reduce the plant’s consumption of electrical power and fuel, according to the statement.
This is the second contract in Sudan for ASEC Engineering, a portfolio company of ASEC Holding, which is a platform company of private equity firm Citadel Capital.
In 2009, ASEC Engineering managed seven plants with a total production capacity of about 15 million tons per annum, or more than 30 percent of total cement production capacity in Egypt, the firm said.
In 2010, the company has already delivered three major cement plant consultancy projects and is currently exploring opportunities in other regional markets.
ACPC was established in 2003 and is owned by the Ahmad Osman Abdulsalam Group. The plant near Atbara is currently ACPC’s sole operation, although it is in initial planning stages for the construction of a second plant.
ASEC Engineering said it will also be responsible for the technical management of ASEC Cement’s nearby Takamol plant, scheduled to open later this month with a production capacity of 1.45 million tons per annum and 1.6 of cement.
