Egypt: Arabian Cement Company (ACC) has launched Al Nasr branded Ordinary Portland Cement. The new branded cement is intended to penetrate new segments of the market. It has been launched in Cairo, Giza and Qlayoubia. ACC will continue to produce Al Mosalah branded cement in the other Delta markets.
"We are extremely pleased to announce launching our new cement brand in Egypt, which reinforces our position as one of the largest cement producers in the market," said Jose Maria Magrina, ACC Chief Executive Officer.
ACC also recently announced that is has renewed its plant operation agreement with NLSupervision (NLS). The agreement commenced on 1 February 2016 and run until 31 January 2021. NLSupervision is fully owned by FLSmidth, and will be operating both production lines at ACC's plant located in Suez Governorate.