ASEC Cement

ASEC Cement is developing into a substantial regional cement production group that will control 12 ,million tons per annum by 2012 in six countries spanning from Algeria to Iraq-Kurdistan.
Citadel Capital established ASEC Cement in 2005 as a platform for cement manufacturing in the emerging markets of the Middle East & Africa to take advantage of low labor & energy costs, good infrastructure, a high local demand for cement & a geographic location that supports exports.
Recent int'l acquisitions of local cement holdings underscore the attractiveness of creating a regional cement player.
Originally a part of ASEC Holding, ASEC Cement became a separate entity during the first quarter of 2008.