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Orascom Construction Industries

 
Hoover's Profile: Orascom Construction Industries Company
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(Cairo and Alexandria:OCIC)
Contact Information
Orascom Construction Industries Company
Nile City South Tower, 2005A Corniche El Nil
Cairo 11221, Egypt
Tel. +20-2-2461-1111
Fax +20-2-2461-9400

Type: Public
On the web: http://www.orascomci.com

If you need fertilizer in the Fertile Crescent or want to build skyscrapers in the Sahara, choose Orascom Construction Industries (OCI). The Egyption company offers construction services and fertilizer products primarily in the Middle East, North Africa, and Central Asia. OCI performs large-scale commercial, industrial, and infrastructure engineering and building services; principal operating units include the Besix Group in Belgium and Contrack International in the US. Its fertilizer operations include Egyptian Fertilizer Company and Gavilon. The company sold its cement operations to building materials behemoth Lafarge in 2008.

Officers:
Chairman: Onsi Sawiris
CEO and Director: Nassef Sawiris
CFO: Salman Butt

Competitors:
Bouygues
SABIC
Saudi Binladin

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Wikipedia: Orascom Construction Industries
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Orascom Construction Industries
Type Public (Template:CASE)
Founded 1950
Headquarters Cairo, Egypt
Key people Onsi Sawiris, Chairman, Nassef Sawiris, CEO
Industry Engineering
Revenue ▲ US$ 2.38 Billion (2007)[1]
Net income ▲ US$ 661.8 Million w/ cement operations (2007)[1]
▲ US$ 218.2 Million w/out cement operations (2007)[1]
Website www.orascomci.com

Orascom Construction Industries or Orascom Construction Industries SAE (OCI) (LSE: ORSD) is a leading Egyptian EPC (engineering, procurement and construction) contractor, based in Cairo, Egypt and active in more than 20 countries. OCI was established in Egypt in 1950 and owned by Onsi Sawiris. The company is the first multinational Egyptian corporation, and is one of the core Orascom Group companies.

The company's CEO, Nassef Sawiris holds a bachelor's degree in Economics from the University of Chicago (AB '82). He is Onsi Sawiris' youngest son.

As a cement producer, OCI owned and operated cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq and Spain, which had a combined annual production capacity of 21 million tonnes.

In December 2007, OCI announced the divestment of its cement group to the french Lafarge[2]. OCI announced that this will allow it to focus on the development of its construction operations and investments in infrastructure and natural gas industries. Nassef Sawiris will also become a member of the Lafarge board of directors.

In January 2008, OCI confirmed that the share transfer of 100% of Orascom Building Materials Holding (“OBMH”), the holding company for its cement group assets, to Lafarge was executed.[3].

Contents

Corporate Headquarters

Night view of the Nile City Towers.Orascom Construction Industries headquarters is at the south tower (on the right). In-between the two towers, the Fairmont Hotel is still under construction
Main article: Nile City Towers

The Nile City Towers consist of a pair of 32-floors office buildings, two of the first intelligent buildings in Egypt, implementing the EIB/KNX Building Management System[4] .

the South tower houses the corporate headquarters of the Orascom Construction Industries.

See also

References

  1. ^ a b c OCI_Annual_Report_2007
  2. ^ Lafarge buys Orascom Cement for Euros 10bn
  3. ^ OCI/Lafarge transaction completion
  4. ^ ABB: Nile City Towers

External links


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