Egypt’s Asec Engineering and Management has signed a three-year contract to manage a cement plant at Atbara in Sudan.
The company will provide technical management services for Alsalam Cement Production Company (ACPC) at the plant, which produces 2,000 tonnes a day of clinker.
The renewable deal involves Asec receiving a fixed fee for every tonne of clinker produced in return for a guaranteed minimum annual production. The company has also been tasked with making the plant run more efficiently.
The plant will be ACPC’s first operational facility although the company is in the initial planning stages of a second facility. ACPC is owned by Sudan’s Ahmad Osman Abdulsalam Group
Asec Engineering will also be providing technical management for sister-company Asec Cement’s nearby Takamol plant. The plant, due to open in late July, will have a production capacity of 1.45 million tonnes-a-year (t/y) of clinker and 1.6 million-t/y of cement.
Asec Engineering is owned by the listed private equity firm Asec Holdings. Asec Holdings has assets of $8.3bn and operates in 15 different industries across 14 countries.