Apicorp buys 30% of Bahrain's Falcon Cement
Save to read list
Joseph Green Editor
Tuesday, 13 December 2016 10:16
Reuters are reporting that Arab Petroleum Investments Corporation (Apicorp) has bought 30% of Falcon Cement Company, Bahrain's largest cement producer, to help to drive economic growth in the region.
The stake was bought from Islamic investment bank GFH Financial Group, which said it would remain a strategic shareholder in Falcon.
Apicorp will act as a strategic shareholder supporting expansion of Falcon.
The cement company, which supplies big infrastructure projects in Bahrain, has production capacity of 1000 tpd and plans to raise that to 2400 t by the end of 2017.
Integrated Capital, part of the Abu Dhabi Financial Group, owns 10% of Falcon.
Read the article online at: https://www.worldcement.com/africa-middle-east/13122016/apicorp-buys-30-of-bahrains-falcon-cement/
You might also like
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
Find out more and register for the series »
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
Watch the interview now »
Friday 25 September 2020 11:00
There is no shortage of challenges when it comes to any cement silo cleanout project. Mole•Master Services Corporation was contracted to resolve a number of issues at a large cement producer in northeastern Missouri, US.