Saturday, November 13, 2010

Citadel Capital grabs 13 pct of Sudan cement market

Cairo-based Citadel Capital has now occupied 13 percent of Sudan's cement market with the launch of its $253 million Al Takamol factory in August.

The plant is situated 320 kilometers (199 miles) north of Khartoum, near a stretch of the Nile.

The factory is 51-percent owned by its cement unit ASEC While the rest is held by Sudan's Social Security Investment Authority (SSIA). It has annual capacity of 1.45 million tons of clinker and 1.6 million tons of cement.

To build the most technologically advanced plant in the country, the company built roads, a water treatment plant and also provided a connector to a 42 MW power station for the factory.

ASEC Cement plans to double its annual cement output in the Middle East and North Africa to about 12 million tons by 2013.