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26/11/2015 05:39 AST
Saudi Arabia's Yamama Cement Company signed an SR4.2 billion contract with Germany's ThyssenKrupp Industrial Solutions here Tuesday night to build two new cement plants. The production facilities with an overall capacity of 20,000 tons of clinker will be built at a new site around 80 kilometers east of the Saudi capital city of Riyadh.
The signing ceremony was witnessed by Riyadh Gov. Prince Faisal bin Bandar and German Ambassador Boris Ruge. A large number of industry leaders, diplomats and top executives of Yamama Cement Company and ThyssenKrupp also attended the grand signing ceremony at the local Ritz Carlton Hotel here.
Speaking on this occasion, Jens Michael Wegmann, CEO and chairman of the Executive Board of ThyssenKrupp Industrial Solutions, said that the new plant will be built within the next 39 months with all essential component like two primary crushers for limestone and three crushers for additives. He said that "the partnership between Yamama and ThyssenKrupp is built on a longstanding tradition and dates back many decades."
"We are delighted that Yamama is once again putting its faith in our comprehensive experience in the turnkey construction of complete cement plants worldwide," said the ThyssenKrupp chief. "With our reliable, highly efficient technologies we are profiting from infrastructure expansion in many growth regions and at the same time contributing to the conservation of valuable resources," he added.
He pointed out that Yamama Cement and Thyssenkrupp had been working together since the 1960s. He said that the German company, which will be delivering engineering, procurement and construction (EPC) for the lump sum turnkey cement plant, will incorporate latest technology in the new project.
Addressing the signing ceremony, Yamama's General Manager Jihad bin Abdulaziz Al-Rashid said the new project will consist of new technologies to rationalize power consumption that will meet requirements of the Saudi Energy Efficiency Center (SEEC). The project has been designed to consume power of less than 800 thermal units per one ton of clinker and less than 100 KW/hour for one ton of cement, he said.
He said the company plans to minimize load on the Saudi electricity network through the construction of a power plant that will meet industrial and service requirements of the project. The project will have a mega housing city equipped with all necessary and entertainment facilities to serve the employees and their families, he noted.
As far as the storage of the new plants is concerned, the cement will be stored in six cement silos each with a capacity of up to 25,000 tons. The line will also feature six cement packing and loading stations. Quality control and monitoring will be handled by a POLCID process control system and POLAB laboratory automation system.
The Thyssenkrupp Industrial Solutions business area is a leading partner for the engineering, construction and service of all industrial plants and systems. In addition to chemical, coke, cement and other industrial plants and refineries, the portfolio of this German company also includes mining, ore processing and port handling equipment along with corresponding services. In the naval sector, ThyssenKrupp are a leading global system supplier for submarines and surface vessels. The company employs about 19,000 people at over 70 locations across a global network.
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Ticker | Price | Volume |
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Ticker | Price | Change |
---|---|---|
SABIC | 61.70 | -0.30 (-0.49 |
MAADEN | 48.00 | 0.00 (0.00 |
SABICAGRINUTRIENTS | 102.40 | -0.20 (-0.20 |
MARBLEDESIGN | 75.30 | -0.70 (-0.93 |
LIMEINDUSTRIES | 12.40 | -0.18 (-1.44 |
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