Egypt/Ethipopia: ASEC signs plant management deal with National Cement Share Company

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Updated Wed, 11 Mar 2015 10:46:06 GMT

ASEC Engineering and Management, a subsidiary of Egypt's Qalaa Holdings, has signed a one-year plant management agreement with Ethiopia's National Cement Share Company.

As per the deal, Asec will provide full technical assistance to National Cement Share Company for the operation and maintenance of the 1Mt/yr capacity cement plant. ASEC will also utilise its know-how and expertise to help National Cement Share Company to boost production volumes, cut production costs and improve product quality. Under the contract, ASEC will also introduce and implement systems for all aspects of production, quality, maintenance, warehousing and human resources, among other areas.

"This is a result of the continued efforts of ASEC Engineering and its ambitious plans to expand its business into Sub-Saharan Africa after its successful contract with Cimento Nacional Company in Mozambique," said ASEC Engineering CEO Khaled El Sebaie.