Egypt's Asec Cement to double production by 2013

Egyptian cement maker, Asec Cement has announced plans to more than double its production by 2013, Reuters has reported. Asec, a subsidiary of Cairo-based Citadel Capital, hopes to achieve its goals by building several plants and acquiring a number of companies in the region, Giorgio Bodo, chief executive officer and chairman, told the news service. The company has stakes in cement plants in Algeria, Sudan, Syria, Iraq's semi-autonomous Kurdistan region and Ethiopia.