Transcargo International (TCI), a veteran terminal operator in Egypt, announced on Thursday the signing of an agreement with Sinai White Portland Cement (SWCC) for the development of Egypt's first bulk cement silos in Arish Port. The signing marks a significant milestone in the cement industry in Egypt and its export capabilities. SWCC is a subsidiary of the world's largest white cement manufacturer, Aalborg Portland Group, controlled by Cementir Holding NV, the leading producer of white cement globally, operating one of the world's largest white cement plants in the EgyptianSinai Peninsula. Under the terms of the commercial agreement, TCI is set to build and operate white cement silos terminal with an annual capacity exceeding 200,000 tons for SWCC, facilitating the export of the company's products to different export markets. The silos terminal will boost SWCC's competitive position by providing extra logistics capability to fulfil market needs across all Mediterranean region and worldwide. Arish Port bulk terminal project is featuring six cement silos with a total storage capacity of 60,000 tons (10,000 tons each). Two silos for white Portland cement in addition four more for grey Portland cement. The move aims to streamline cement exports, lower costs, and enhance competitiveness for the Egyptian cement exports. "This project aligns with our commitment to supporting Egyptian exports by providing specialized logistics solutions across several industries. Building and operating Egypt's first bulk cement terminal, we anticipate cost savings for cement producers in Egypt, making prices more competitive globally and increasing global market penetration," stated Mohamed El Ahwal, chief executive of TCI. Alberto Barbieri, managing director of Sinai White Portland Cement Company, expressed his pleasure concerning the collaboration with TCI, stating that Egypt is a key exporter of white cement worldwide. Through this project, SWCC aims to expand its footprint in export markets globally, achieving significant growth in export volumes over the next five years, Barbieri added. It also aligns with Cementir Holding's 2030 sustainability road map and the Egyptian government's development plan for Sinai. The partnership between TCI and SWCC marks a significant step forward in optimising the cement export process, fostering cost efficiency, and positioning Egypt as a major player in the global cement industry.
