Karbala Cement Manufacturing Ltd (KCML) is an Iraqi company that entered in April 2010, into an agreement with the Government of Iraq for the leasing, rehabilitation and production-sharing of a state-owned cement plant in Karbala, southern Iraq for 15 years (starting October 2010). The project entails a loan to support development of Lafarge's 2.3 million ton per annum (mtpa) cement plant located near Karbala, Iraq. This is a follow-on investment to an investment IFC made in 2010 to support development of two cement plants in Iraq by Lafarge, including the one located near Karbala. The IFC loan will help KCML complete the rehabilitation of the cement plant. The rehabilitation work is being undertaken jointly by the original equipment supplier Polysius and Sinoma, an experienced Chinese EPC contractor.
The project sponsor is Lafarge SA, one of the largest cement manufacturers globally. As of July 2015, it has merged with Holcim, another leading global cement manufacturer, to create LafargeHolcim. The new entity has sales of over USD24 billion and EBITDA of nearly USD5 billion, a presence in 90 countries, with over 180 cement plants and 374 mtpa of installed cement capacity. LafargeHolcim is listed on both the SIX (Zurich) and Euronext (Paris) exchanges. In the merger process, Lafarge SA has practically become a fully owned subsidiary of LafargeHolcim.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||LafargeHolcim Ltd.||Parent Company||-|
|-||-||-||-||Sinoma Cement Co.||Contractor||-|
Karbala community engagement representative:
Mr. Mohamed Juhaishi
Security and PR Manager
For local access of project documentation:
Karbala Cement Manufacturing Limited
A member of LafargeHolcim,
Dist 915, St 34, House 1/17,
ACCOUNTABILITY MECHANISM OF IFC
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