ASEC for Manufacturing and Industrial Projects (Aresco), a turnkey contractor serving the cement, energy, petrochemical, petroleum and general industrial sectors, today announced that it has completed construction of a second production line at Sinai Grey Cement’s production facility in Al-Arish, Sinai.
Aresco, in conjunction with nominated supplier FLSmidth, completed the US$140m fast-tracked project on-budget in just 25 months, well below the industry average of 32 months for projects of this kind.
The production line is now running at full capacity. Aresco’s optimised equipment design allows Sinai Grey’s second production line to surpass the facility’s expected output of 4200tpd of clinker with heavy fuel oil.
“Aresco’s work on Sinai Grey’s second production line is an achievement. It was a fast-track, turnkey contract that stayed on budget and today produces above the anticipated daily clinker output. At Aresco, we have invested a great deal in building a team capable of executing projects at this level. From engineers to project managers, we now have a team that allows us to expand our service offerings into new industries and new regional markets," said Paul Donohue, Aresco’s Chief Executive Officer.
Aresco, a subsidiary of ASEC Holding, Citadel Capital’s Platform Company in the industrial services and contracting sector, announced in March of this year a comprehensive restructuring plan as the company moves to improve its operating efficiency, build additional capabilities and grow its market share in Egypt and the region.
The company’s project management team has placed particular focus on achieving project schedules and delivery of high-quality output. Aresco is currently working on cement and non-cement construction and steel fabrication projects spanning from Algeria to Egypt and Sudan.