Middle East cement

11 February 2013

Six figures overseeing the development of cement plants in the region: Jamal Shamis al-Hooti, Jose Maria Magrina, Mohammed Ahmed al-Dheeb, Giorgio Bodo, Bruno Carre and Mustafa Gorgunel

Jamal Shamis al-Hooti

Position: Chief executive officer (CEO), Oman Cement Company

Biography: Jamal Shamis al-Hooti has been CEO of Oman Cement Company since 1998. The company is listed on the Muscat Securities Exchange and the Bahrain Stock Exchange. Al-Hooti joined Oman Cement Company in 1992 as the firm’s general manager, having previously served at Oman’s Commerce & Industry Ministry as assistant director-general of industry. Since his arrival, Al-Hooti has overseen the company’s expansion, doubling production capacity from 624,000 tonnes a year (t/y) of cement to 1.26 million t/y. The company is currently in the process of further expanding capacity to 1.7 million t/y. Al-Hooti represents Oman in the Arab Union for Cement & Building Materials, and is a board member of Oman International Investment Company, the Global Mining Company and Global Gypsum Company.

Contact Tel: (+968) 2 443 7070

Jose Maria Magrina

Position: CEO, Arabian Cement Company

Biography: Jose Maria Magrina was appointed CEO of Egypt’s Arabian Cement Company in 2007. The company was founded by a group of private Egyptian shareholders in 1997, with the aim of producing 2.7 million t/y of grey cement for the local market. Spain’s Cementos La Union acquired the firm in 2004 and completed the construction of the plant, which now produces 5 million t/y. Magrina is an industrial engineer, having graduated in 1996 from the Polytechnic University of Catalonia in Madrid. In 2004, he completed an international master’s degree in business administration at the Instituto de Empresa in Spain. Prior to joining Arabian Cement Company, Magrina worked at the UK’s Deloitte Consulting from 2001-03, focusing on project management and supply chain management in the oil and gas, and construction sectors. In 2005, he joined US consultants Accenture as a manager.

Contact Tel: (+202) 2 613 3626

Mohammed Ahmed al-Dheeb

Position: CEO, Raysut Cement Group of Companies

Biography: Mohammed Ahmed al-Dheeb joined Raysut Cement, Oman’s largest cement producer, in 1996 as deputy general manager. He was promoted as general manager in 1999. In 2005, he was named CEO of Raysut Cement and group CEO of Raysut Cement Group of Companies. Under Al-Dheeb’s leadership, Raysut Cement has seen its market capitalisation increase from less than $110m to more than $865m. Capacity has tripled from 1 million t/y to 3 million t/y since 2007. In 2011, Raysut Cement acquired major stakes in two other producers: Oman Portuguese Cement Products Company in Sohar and Pioneer Cement Company in the UAE. Al-Dheeb has a degree in business administration from the University of Arizona in the US. He is also chairman of the industry committee of Oman Chamber of Commerce and Industry in Salalah.

Contact Tel: (+968) 2 321 9249

Giorgio Bodo

Position: Group CEO, ASEC Cement

Biography: ASEC Cement was established in 2005 by Egyptian private equity firm Citadel Capital as an investment vehicle for cement projects in the Middle East and North Africa. It currently has stakes in operating plants in Egypt, Algeria, Sudan and Syria. Giorgio Bodo joined the company in May 2008 as chairman of the board and CEO. He was promoted in 2010 to group CEO. Before joining ASEC Cement, Bodo was chief financial officer of Italy’s Italcementi from 2004, where he was responsible for merger and acquisition activities, including the buyout of Egypt’s Suez Cement. He is also managing director of the local National Company for Development & Trade, in which Citadel Capital owns a 6 per cent stake. Bodo has a degree in economics from the University of Rome in Italy and a master’s degree in economics from the University of York in the UK.

Contact Tel: (+202) 2 755 8333

Bruno Carre

Position: Managing director, Suez Cement Company

Biography: Bruno Carre joined Italcementi in October 2004. The Italian cement producer is the biggest stakeholder in Suez Cement, with 55 per cent ownership. Carre began his career in 1981 as a consultant for the US’ Mercer Management Consulting. He later moved to Aussedat Rey, a French paper company, where he held positions in research and business development. From 1998 to 2004, he worked for Alcan-Pechiney as vice-president for flexible packaging Europe and later as vice-president for global beauty packaging. Suez Cement was established in 1977 and is now Egypt’s largest grey cement producer, with a production capacity of 4 million t/y and 12 million t/y of clinker. Carre graduated with a degree in engineering from Ecole Centrale in Paris. He also has a master’s degree in business administration from HEC, also from Paris.

Contact Tel: (+202) 2 706 8588

Mustafa Gorgunel

Position: General manager, Union Cement Norcem Company

Biography: Mustafa Gorgunel is the general manager of Union Cement Norcem Company, a joint venture established in 1980 between the UAE’s Union Cement Company and Norway’s Norcem, which is now part of Germany’s Heidelberg Group. The firm is the only oil-well cement producer in the UAE. Before joining Union Cement Norcem, Gorgunel worked as vice-president at Heidelberg Cement Trading for the Middle East region from 2000 to 2006. He was appointed marketing manager for Union Cement Norcem and Union Cement in 2006. He took up his current position in 2008. Gorgunel graduated with a degree in political science, public administration and Far East politics in 1981 from the Middle East Technical University in Turkey. He also has a bachelor’s degree in political science and government from Kadikoy Maarif College, also in Turkey.

Contact Tel: (+971) 7 266 8166

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