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With a share of approximately 17% of the cement consumption market in Kuwait, Hilal Cement Company is its third largest cement company, operating a terminal for the import of cement. In 2006, Hilal Cement Company sold 736,000 tons, generating approximately KD18 million in revenues, corresponding to approximately $65 million.
Yacoub Al Sharhan, Chairman of Hilal Cement Company, said,
"The cement market in Kuwait is rapidly growing and is presenting significant opportunities not only locally, but also regionally. Through Suez Cement Company, we look forward to the Italcementi Group leading Hilal Cement Company forward into a stronger local and regional cement company."
With sales of US$625 million in 2006, Suez Cement Company is Egypt's largest cement producer and is 55% owned by Italcementi Group. Based in Italy, Italcementi Group is one of the world's leading cement producers operating in more than twenty countries worldwide, including Italy, Belgium, France, Greece, Spain, China, Egypt, the United States and China. In 2006, Italcementi posted revenues of approximately US$7.7 billion.
Posted by Lara Lynn Golden, News Editor
