Ciments Français entered the Egyptian market in October 2001, when it took part to the first privatisation phase of Suez Cement (a company listed on the Cairo and Alexandria Stock Exchange), acquiring 25% of its capital and thus becoming one of its strategic stakeholders.Following subsequent purchases, in March 2005 Ciments Français became the principal shareholder of Suez Cement (together with a consortium of local and international investors). Suez Cement's entrance in Ciments Français industrial network constituted an important opportunity of development for the Egyptian company, also due to new investments aimed at increasing its efficiency, and strengthened the Group's leadership in the Mediterranean.In August 2005, Ciments Français purchased Asec Cement Company (today called Helwan Cement Company), the fifth major Egyptian cement group listed on the Cairo and Alexandria Stock Exchange.This transaction allowed Ciments Français to strengthen its leadership in Egypt, the fourth most important market in terms of cement consumption in the Mediterranean.Suez Cement operates 5 plants (Suez, Kattameya, Tourah, Helwan, El Minya), one of which specialised in white cement production (El Minya). The total clinker production capacity is around 12 Mt. With a market share of 30%, Suez Cement is the leading cement manufacturer in the Egyptian market. During 2006 the Group entered the ready-mixed concrete sector through the acquisition of RMB (Ready Mix Beton) and in 2007 Ciments Français acquired Decom.CEMENT PLANTS LOCATION
Suez Cement Kattameya - Maadi/Ein Sokhna Road P.O. Box 2691 HelwanEgypt
Tel +20 2 5222 000Fax +20 2 5222 096www.suezcement.com.eg
*Click on the map to enlarge
(In M € *) 2011 2010 2009 Revenues 551.8 788.7 793.0 EBITDA 129.6 270.5 261.5 Capital expenditure 39.1 53.3 30.5 Employees 4,622 4,781 4,557(*consolidated data before intragroup eliminations)
2011
2010
2009
551.8
788.7
793.0
129.6
270.5
261.5
39.1
53.3
30.5
4,622
4,781
4,557
3,886.3 M €4,040.3 M €
702.4 M €880.0 M €
721.3 M €870.5 M €
309.3 M €497.8 M €
274.2 M €317.9 M €
15.537
Ciments Français profile Charter of Values