Cemena Holding Company to build plant in Syria
Cemena Holding Company, a Middle East and North Africa (MENA) based cement holding company, today signed an agreement with Sinoma CBMI Construction Company Ltd a subsidiary of Sinoma group to commence construction of a Cement plant in Syria, at a ceremony held at the company headquarters in Bahrain.
The plant, which will be Cemena’s second after (Falcon) a cement plant in the Kingdom of Bahrain; the design production capacity of the plant is 6400tpd with two production lines, 3200tpd of each production line. The construction of phase one will start in January 2011 and it is expected that the initial production will start in 18 months. The plant is strategically located in Jabal Al Kahlah - half way between the Syrian Capital, Damascus and Syria’s second largest city of Homs, and only 150km from the Iraqi border. The plant will benefit from huge demand in the fast growing Syrian market and it will also supply neighboring countries such as Iraq where state infrastructure projects, and private sector development have created substantial demand for cement.
Following the signing of the agreement, Mr. Hisham Alrayes, Chairman of Cemena Holding Company, commented: "We are delighted to reach yet another significant milestone in building our business. By adding this asset to our portfolio we are building a track record and creating further value for our shareholders. Following successful completion of our plant in Bahrain last year, we are now building one in Syria on one of the highest reserves of limestone in the country. Another announcement will be made soon for signing a further agreement to build a plant in North Africa which will enable us to cover the MENA region and tap into another highly growing market’’.
Published under Cement News
