Helwan Cement S.A.E

Fourth-largest producer of cement (4.3 M t/y of clinker) & 2nd-largest exporter. 8.4% market share. Ann. production grew 30% since acquisition by Italcementi. Targeting producing 22 M t/y by end of 2011. Acquired Algerian .Galfa. (EUR15 M), to establish Algeria's hugest cement production line (2.5 M t/y at USD 413 M investments). To establish 2 projects in Libya (USD 1.6B inv. costs), & another in North Iraq. ISO 9001 & ISO 14001 certified.
Subject is considered among the highest 100 tax payers during 2008[according to Ministry of Finance].
On of the top 20 income tax financiers. 4.5 million tons of clinker per year.