Amsterdam,13 August 2024 – Cementir Holding N.V. (“Cementir”) announces that its fully owned subsidiary Aalborg Portland Holding A/S has acquired an additional 25.40% stake in Sinai White Portland Cement Co. S.A.E. (“SWCC”) from Sinai Cement Company, a Vicat Group subsidiary, for about EUR 30 million. Following this transaction Cementir will indirectly hold 96.5% of the share capital of SWCC. 

SWCC is Cementir subsidiary producing and distributing white cement in Egypt and abroad. Located in the Sinai Peninsula, the plant is one of the biggest in the Mediterranean with yearly white cement capacity of 1.1 million tons. 

With this investment Cementir strengthens its strategic presence in the white cement business in Egypt, of significant interest for the Group.