Operations and Maintenance contract with Cimento Nacionale Ltda, a major cement producer in Mozambique, is the first step in ASEC Engineering’s plans for geographical expansion into Sub-Saharan Africa
ASEC Engineering and Management, a subsidiary of Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East, has just signed an operations and maintenance (O&M) contract with Mozambican cement producer, Cimento Nacionale Ltda.
“This contract with Cimento Nacionale Ltda is the first step in ASEC Engineering’s plans to expand its footprint outside the MENA region into Sub-Saharan Africa,” said Khaled El Sebaie, CEO of ASEC Engineering. “Our ability move into new territories is the result of the well-established reputation that ASEC Holding has earned as a regional cement, engineering and construction group.”
ASEC Engineering, the engineering and construction services arm of ASEC Holding, is a leading provider of O&M services for cement plants in Egypt and the MENA region. The company will utilize its know-how and expertise to boost production volumes, reduce costs, and improve quality at Cimento Nationale Ltda, located near Maputo, the capital of Mozambique.
The one-year contract, renewable for an additional five years, will see ASEC Engineering introduce and implement new systems for all aspects of the production and business process including quality assurance, maintenance, warehousing and human resources. The scope of the contract will also cover training for local staff in Mozambique to be carried out through programs at ASEC Academy, ASEC Holding’s technical training arm.
ASEC Engineeringcurrently operates and maintains 10 cement production lines in Egypt, which represents approximately 25% of the country’s combined cement production capacity. The company also holds various O&M contracts in the region. The Mozambique contract marks its first entry into Sub-Saharan Africa.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading investment company in Africa and Middle East. Citadel Capital controls investments of US$ 9.5 billion and focuses on 5 core industries: Energy, Transportation, Agrifoods, Mining, and Cement. For more information, please visit citadelcapital.com.
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Ms. Ghada Hammouda
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