The offer values Hilal Cement Company at US$89m. In a country with limited clinker production, Hilal Cement Company operates two import terminals in the southern part of the country with a combined annual capacity approaching 1Mt.
Last year, Hilal Cement Company generated a turnover of approximately US$65m and an EBITDA of close to US$13.5m. The Kuwait cement market, which has started to integrate vertically, is expected to show good volume growth, suggesting further investments by Suez Cement Company.
