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News ASEC

Displaying items by tag: ASEC

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Sameh Saleh appointed as head of Reliance Heavy Industries

05 April 2023

Egypt: Reliance Heavy Industries (RHI) has appointed Sameh Saleh as its chief executive officer. He holds over 30 years of experience in the cement sector in both plant operation and engineering. Notably he worked for Arabian Cement for 10 years as a plant manager and then its chief operations officer. He later managed the company’s alternative fuels subsidiary Egypt Green. Other notable placements include those with Tabuk Cement, RHI and the Arab Swiss Engineering Company (ASEC).

Sameh Saleh trained in mechanical engineering at Cairo University. He later gained a qualification in project management and an executive master of business administration degree from the American University in Cairo.

Published in People
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Building Material Industries Company appoints ASEC for Asyut cement plant operations and maintenance management

16 August 2022

Egypt: Arab Swiss Engineering Company (ASEC) has won a contract to manage operations and maintenance at Building Material Industries Company (BMIC)’s Asyut cement plant in Asyut Governorate. ASEC previously held responsibility for the plant’s technical management between 2011 and 2019.

The supplier says that both parties look forward to this new phase in their cooperation to maximise the success of the plant’s operations.

Published in Global Cement News
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Misr Cement Qena's Qena cement plant commences automated cement production

15 July 2022

Egypt: Misr Cement Qena commenced automated cement production at its Qena cement plant in early July 2022. The automation systems also cover plant maintenance processes. Misr Cement Qena awarded a technical management contract for the plant to Arab Swiss Engineering Company in June 2021.

Misr Cement Qena said "This step came in line with the company’s growth strategy to reduce operating costs and maximise asset utilisation in order to meet current challenges."

Published in Global Cement News
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Qalaa Holdings' sales and loss rise in first quarter of 2022

06 July 2022

Egypt: Qalaa Holdings recorded first-quarter 2022 sales of US$991m, more than double its figure for the first quarter of 2021. Its loss during the quarter was US$30.9m, up by 22% year-on-year from US$25.4m. Its subsidiary ASEC Holding Group increased its sales by 46% year-on-year to US$53m. The cement company attributed the growth to the 'strong performance' of its integrated cement plant in Sudan.

Daily News Egypt has reported that Qalaa Holdings is currently prioritising the on-going restructuring of its debts.

Published in Global Cement News
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Misr Cement Qena to continue operating its Qena cement plant

15 June 2022

Egypt: Misr Cement Qena's board of directors has voted for the company to continue operating its Qena cement plant after the end of a management contract with Arab Swiss Engineering Company (ASEC) on 30 June 2022.

Misr Cement Qena reported an operating incomeUS$5.69m in the first quarter of 2022, up by 59% year-on-year from US$3.58m in the first quarter of 2021. Its net profit in the quarter rose by 74% to US$2.56m from US$1.47m.

Published in Global Cement News
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Arab Swiss Engineering Company takes legal action against Misr Beni Suef Cement

25 February 2021

Egypt: Arab Swiss Engineering Company (ASEC) has launched legal action against Misr Beni Suef Cement. The latter terminated the supplier’s technical management contract in mid-February 2021. Arab Finance has reported that the producer alleges that ASEC breached its commitments regarding its Beni Suef cement plant’s production capacity.

Published in Global Cement News
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Misr Beni Suef Cement ends Arab Swiss Engineering Company contract

17 February 2021

Egypt: Misr Beni Suef Cement has ended a contract with Arab Swiss Engineering Company (ASEC). In April 2019 the companies signed a contract for ASEC to provide technical management at the producer’s plant. Reuters News has reported that the cement company will now undertake the operation of its production lines.

Published in Global Cement News
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Ashraf El-Kahky appointed as managing director of ASEC

06 January 2021

Egypt: Cement Engineering and consultancy company ASEC has appointed Ashraf El-Kahky as its managing director. It follows the retirement of Khaled El-Sebaie, who has been in post for eight years. El-Sebaie will continue to work for the company as a technical consultant.

El-Kahky joined ASEC Group as the Group Chief Financial Officer in September 2019. He brings over 30 years of experience from roles in financial management, risk management, strategic planning and restructuring, having previously held leading roles in several national and multinational organisations.

Published in People
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KAR contracts Arab Swiss Engineering Company at Erbil cement plant

16 September 2019

Iraq: Arab Swiss Engineering Company (ASEC) will cover operation and maintenance of KAR Group’s 1.9Mt/yr integrated Qarachogh cement plant in Erbil. In a press release, ASEC stated that it has already overseen recruitment and planning and implementation of personnel development programs. ASEC's chairman and managing director Khaled El-Sebaie said he was ‘thrilled’ at the completion of the plant's hand-over.

Published in Global Cement News
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ASEC renews technical management contract with Misr Beni Suef Cement

24 April 2019

Egypt: ASEC Engineering has renewed its technical management contract with Misr Beni Suef Cement until the end of 2023. ASEC originally worked on the first production line at the plant in 2001. It maintenance contract was renewed in 2007 with the addition of a new production line. The cement plant has a production capacity of 3.1Mt/yr.

Published in Global Cement News
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