ASEC Cement announced today the inauguration of Takamol, its greenfield cement plant on the left bank of the River Nile some 320km north of the Sudanese capital of Khartoum.
The total investment cost for Al-Takamol Cement, which began production of clinker and cement in August of 2010, stands at US$252.7m. The plant is 51% owned by ASEC Cement and 49% controlled by the Sudanese Social Security Investment Authority (SSIA), the entity that manages all pension funds in Sudan.
In just under six months, Al-Takamol has penetrated the local market to capture a 6% market share in the early weeks of production with distribution in the core markets of Khartoum and Atbara. Al-Takamol.