Iraq’s Muthanna Cement to be rehabilitated under new contract

Southern Cement Company’s Muthanna Cement, situated between Najaf and Basra in Southern Iraq, has signed a contract with a consortium of ASEC Cement and Qemmet El-Iraq, under which the two companies will rehabilitate and manage the cement plant for 14 years.

Muthanna Cement is one of seven cement plants controlled by Southern Cement Company, and is set to reach 2 million tpa production capacity by August 2016 under the terms of the deal. Work will begin in 2Q14. The value of the contract has not been made public.

Giorgio Bodo, Chairman and CEO of ASEC Cement, commented: “Iraq has embarked on a robust plan to rebuild and modernise its infrastructure and has launched major housing, industrial and community projects. The rehabilitation of Muthanna is an important part of Iraq’s investment in bridging the supply gap, particularly in the south.”

Edited from various sources by Katherine Guenioui