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Welcome to Misr Cement Company ( QENA )
Misr Cement Co. (QENA) was established on 25 th May 1997, joint stock subject to the Egyptian law No. 159 year 1981 for manufacture and sales of Ordinary Portland Cement (OPC).
The issuing capital is LE 300 Million and the nominal capital is LE 600 Million.
The land area of the company was awarded by the Presidential Decree No. 39 year 2004, it amounts to 3,315,629 m 2 .
The company entered into an agreement with FLS Denmark Co. for construction works. The total cost of this work amounts to LE 750 Million.
The initial production has started on 6/04/2002 with an annual capacity of 1.4 Million MT which became available in the market since that time.
The company currently employs around 420 persons (Technical, Financial, Commercial, and HR Departments).The total salaries amount to LE.9.0 Million/year.Million/year.
Training :
The Training Department has been established in order to raise employee's qualifications to fulfill the environmental and productive tasks and technological challenges. These training programs are executed annually to improve the performance of personnel and to achieve the goal of a flexible and cross-trained work force. The cost of these training programs amounted to LE 134,654 in 2005 while it rose to LE 300,000 in 2007 covering 155 trainees from different managerial levels of the company, in addition to the external training courses which are also executed annually. It's worth mentioning that in the year 2007 there have been carried out 88 various courses covering different organizational needs mostly technical, financial, commercial, and administrative. In the training departments of the factory 10 additional programs have been executed covering 197 employees, 30 persons have been granted to complete their studies in higher educational institutions.
Construction & contractors :
On 17th of June 1999, the contract was concluded between Misr Cement Company (Qena) and F.L. Smidth, which is considered as one of the biggest companies in the field of industrialization and cement line's supply. According to the contract F.L. Smidth executed the cement production line with a capacity of 1.4 million tons of ordinary Portland cement per year, with a total cost of Euro 105 million, in addition to the services and facility buildings, which exceed L.E 160 million.
On 9th of September 1999, the loan was concluded between Misr Cement Company (Qena) and the National Bank of Egypt, the loan with the amount of L.E 362 million. The bank committed to provide the foreign component of the production line, and the loan installment will be settled in the Egyptian pounds.
Technical Management :
The company has entered into a technical cooperation agreement with Arab Swiss Engineering Co. (ASEC) for Technical and Operational Management to produce 1, 35 Million MT of clinker during 2005.
According to the agreement, ASEC had fulfilled its contractual obligations, however; the precaution maintenances and circular works have been conducted under our company's supervision. |
