Egypt’s ACC to ‘grow organically’ in 2015, says CEO

Egypt’s Arabian Cement Company (ACC) will continue growing ‘organically’ in the aggregates and ready-mixed concrete sectors, while also improving its service, according to the company’s CEO, Jose Maria Magrina. Magrina said ACC’s fleet will be boosted through the use of permanent contractors who will ensure faster and more reliable delivery.
February 9, 2015 Read time: 1 min

Egypt’s 4450 Arabian Cement Company (ACC) will continue growing ‘organically’ in the aggregates and ready-mixed concrete sectors, while also improving its service, according to the company’s CEO, Jose Maria Magrina.

Magrina said ACC’s fleet will be boosted through the use of permanent contractors who will ensure faster and more reliable delivery.

ACC’s CEO also said that 2015 will set the foundation stones for structural changes in the economy of Egypt. The country, said Magrina, may witness economic recovery, and also strong and sustainable economic growth in the future, if the changes are swiftly and property implemented. He said that they included removing subsidies, streamlining bureaucratic procedures, as well as introducing regulatory changes to encourage and protect investments.

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Egypt’s ACC deploys renewable energy to increase capacity

Arabian Cement Company (ACC) in Egypt is installing a new renewable energy facility that will enable it to bring its capacity utilisation up to 100%. The company is currently running at about 80% of capacity, and coal makes up 70% of its energy requirements with waste and biomass adding another 10%. The conversion process is said to be scheduled for completion by mid-April 2015.

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