1CEMTECH - Dubai, March 6th 2011

www.sinaiwhitecement.com

Stateoftheart White Cement production:two production lines of 1500 tpd clinker eachat Sinai White Cement.

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INDEX OF THE PRESENTATION

1.Cementir Holding & Sinai White Cement2.Sinai White Cement Social Responsibility3.White Cement Applications4.White Cement Market Overview5.Sinai White Cement Total Quality System 6.Plant Technical Overview7.Second Production Line Project: Capacity doubling

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INDEX

23Cementir Holding

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Cementir Holding Organization Structure

4Cementir Holding

CEMENTIR HOLDINGManufactures and distributes white and grey cement, aggregates, ready-mix

concrete and concrete products in many countries worldwide.

Has operations in 13 countries;

20 cement production and concrete production plants of which 4 in Italy, 4

in Turkey, 1 in Denmark, 5 in Portugal (JV CRH), 1 in Egypt, 3 in the USA (2 JV

Heidelberg and Cemex), 1 in China and 1 in Malaysia

110 ready-mix concrete plants of which 6 in Italy, 90 in Scandinavia and 14

in Turkey

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Cementir Holding operates production plants in 13 countries ~ 15 mt of cement capacity; 3.1 m of Rmc and 4.1 m of aggregates

DENMARK - SCANDINAVIAGrey cement capacity: 2,100,000 tWhite cement capacity: 850,000 tRMC sales: 1,800,000 m3Aggregates sales: 4,100,000 m3Terminals: 9

TURKEYGrey cement capacity: 5,400,000 t RMC sales: 12400,000 m3

ITALYGrey cement capacity: 4,300,000 tRMC sales: 120,000 m3Terminals: 3

EGYPT White cement capacity: 1,100,000 t

USAWhite cement capacity: 260,000 t *Cement products plants: 1Terminals: 1

MALAYSIAWhite cement capacity: 200,000 t

CHINAWhite cement capacity: 500,000 t **

PORTUGALCement products plants: 5 ***

ICELANDTerminals: 1

POLANDTerminals: 1

THE NETHERLANDSTerminals: 1

*In JV with Heidelberg and Cemex (Cementir Holding holds a 24,5% stake)** Incremental 500,000 tons from Q1 2010 *** In JV at 50% with Secil P. Bossi

Group Overview

6Cementir Holding

Cementir Holding, through its subsidiary Aalborg Portland, is:- world leader in white cement (1 producer in Denmark, Egypt,Malaysia and China)-1st cement producer in Denmark-1st ready mix concrete producer in Scandinavia-2nd cement producer in ScandinaviaCementir Holding has also the following competitive positions :- 3rd cement and ready-mix producer in Turkey (Cimentas)- 4th cement and ready-mix producer in Italy (Cementir)The Product portfoglio breakdown is: cement 64%, ready-mix andaggregates 32%, other 4%.

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47Cementir Holding

6550

398650

40256760

Cementir Holding, through Aalborg Portland Group, has the global leadership with more than 3 m tons of production capacity.

* Source: Cementir Holding estimates** The white cement produced in Oceania contains so much iron that the whiteness does not exceed 90%

(called off-white), so that it is not included

- White cement is a niche product sold globally- Global white demand has grown around 5-6% in the last 10 years- White cement capacity tends to be inland, less subject to imports and raw materials scarcity limits new capacity additions - White cement is used mainly for decoration and repairs and maintenance work

19951595

Global capacity * : 19,515,000 tGlobal consumption * : 15,287,000 t

North America

Carribean

Latin America

0

Europe

Africa

Middle East

South / North Asia(excl. China)

China

East Asia

Oceania**

14111610

12881285

18612160

37504450

457955

370

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8Cementir Holding

R & D2 state-of-the-art research and development centers

in Italy and in Denmark

SWC like all the other companies of the group enjoy the

technical and quality support, with more than 50 years

experience, of Cementir in Italy (Rome ) and of Aalborg in

Denmark

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59SWC Corporate

SINAI WHITE CEMENT CO.

SWC was incorporated in 1999

The Plant was established in the Sinai Peninsulaapprox. 50km from the city of Al Arish

SWC entered in the market with its first bag ofwhite cement in November 2001 when the plantstarted production with a capacity of 410,000 MTof clinker per year.

In 2004 Cementir Holding, became owner ofAalborg Portland Group and took over themanagement of SWC purchasing 57% ofcompany shares.

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10SWC Corporate

SWC Shareholder Composition: Aalborg Portland : 57%

Sinai Grey : 24%

IFU : 14%

Sama Group : 4%

Dr. Hassan Kamel Rateb : 1%

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611Social ResponsibilityEnvironmental

SWC complies with European energy and environmental

requirements: in the plant all equipments in both kilns meets the

international environmental and safety standards.

The plant has converted from the use of oil to gas as primary fuel

The company has implemented an environmental reporting system and

participates in the online environmental monitoring system that allows

the central authorities to supervise plant operation and emissions

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12Social Responsibility

Social & Economic Through creation of jobs and support for local initiatives the company has a

significant positive social and economic impact in this area.

To support the local economy, SWC uses local contractors and companies to

transport all type of materials

SWC contributed in the creation of a police station, a mosque and a new village

in the desert improving the quality of the life in the area

SWC is committed in the increase of the level of the education in the area by

supporting construction of schools and by providing scholarships in the local

university

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713Product - Applications

Tiles & Terrazzo Precast Concrete

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Dry Mix Artificial Stones

14Product - Applications

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Ready Mix

Concrete StructuresBricks & Blocks

815Product - Applications

GRC

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Outdoor Art Mortar

Finishing works

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Type

EN 197-1-CEM I 52.5 N

EN 197-1-CEM II/B-LL 42.5 N

EN 197-1- CEM II/A-LL 52.5 N

EN 197-1-CEM I- 42,5 Dark White

SWC Cement Production Types

Products

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917Products - BrandsDomestic Market Brands:

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White Portland Cement

Sinai Super White

New Sinai

18Products - BrandsExport Market Brands:

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Sinai White Portland Cement CEMII

Aalborg White Cement -CEMI Aalborg White Cement -CEMII

Aalborg Jumbo White

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19Sales Overview

Export SWC is exporting white cement of premium quality to 28 countries and hasexisting markets located in the Middle East, Africa, Asia and Europe.

SWC always adapts to meet the ongoing changing needs of its customersand provide individually customized solutions.

SWC created a successful relationship in the international businessenvironment.

SWC offers client care services through Commercial support (paymentterms/short lead time of production), Logistical support (shipping/just-in-time delivery) and Technical support (use of products/ quality of products)

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20Sales Overview

SWC exportsto 28 countriesaroundthe world

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21Sales OverviewEgypt Domestic Market

The Egyptian market has been growing over the last 5 years, on theback of the high activity experienced in the construction and realestate sectors. Egypts cement consumption has been growing ata CAGR of 6% over the past 40 years although most of the worldmarkets were in crisis and this is seen to continue for the future.

It is expected that the Egyptian market will consume 450.000 tonsduring the year 2011.

Sinai White Cement is covering all the governorates of Egypt forits high quality and its economic value.

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22Sales Overview

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0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Market Capacity

Sinai White Cement stabilized at 60% domestic market sharein the last two years.

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23Products - LogisticsPacking: SWC provides several choices of packing for its customers that include:

25 / 50 Kg bags Sling bags Jumbo bags Shrink Wrap Containers Bulk

SWC takes pride in its packing quality and as such can offer 'Shrink Wrapping' as an outstanding method protecting its products from various harsh weather conditions.

Delivery (for export market):Main Ports:

1. El Arish: Bulk and all type of bags2. Port Said: Containers and all type of bags3. El Sokhna: Containers and all type of bags4. Adabey: General Cargo and all type of bags5. Alexandria: Containers and all type of bags

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24Quality

Situated near some of the purest raw material sources in the world,SWC plant was designed to deliver products with highest strengths andmaximum performance.

The high product quality of SWC is monitored by a comprehensive andwell-proven quality control system that covers every facet startingfrom raw materials and process phases to finished products.

Modern technology and computerized controlling are vital elementsin the quality control system, in accordance with EN 197.

The unique raw materials and advanced production technology that wasdeveloped over many decades made the foundation on which SWC haswon worldwide acclaim for its superior quality

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25Quality

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Production Technology

Aalborg Technical Centre have developed several methods formodelling clinker burning and cement grinding.Equipment includes several laboratory furnaces for small scaleburning of cement clinker for burnability testing, clinker reactivity,the distribution of minor components and their impact onperformance and colour.Laboratory grinding of the clinker to test the cementperformance is also performed where full scale production trialsare deemed too costly.

26Quality

SWC Products Main Certification

EGYPTIAN STANDARDSES : 4756 1 / 2009

EUROPEAN STANDARDSEN 197 1 : 2000

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27Quality

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The following properties are tested:

Compressive strength Water demand Setting time Fineness (Blaine) Mortar expansion Chemical composition Particle size distribution Cement colour Water soluble Chromium

Chemical analysis:

In addition to the standardizedtesting of cement, water, fuels, rawmaterials and intermediateproducts in production areanalysed on a regular basis.

These analyses include particle sizedistributions, chemical analyses,heat values of alternative fuels andraw materials, etc.

Cement testing is routinely performed according to the relevant EN standards

28Quality

Domestic Certification Body:

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Egyptian Organization for Standardization and Quality

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29Quality

Foreign Certification Bodies

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MATERILPRTIFUNGSANASTALTBERLIN GERMANY

LGAI TECHNOLOGICAL CENTERBARCELONA SPAIN

30Quality

Foreign Certification Bodies

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Russian Certification: Sanitary-Epidemiological Conclusion Certificate for the AAlborg White Portland white cement issued by Department of Federal Service for Supervision in the Sphere of Protection of Consumer Rights and Human Welfare.

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31Plant Overview

Plant Design Specifications Units Line I Line II

Designer FLS FLS

Annual capacity design / actual t/y

440,000 /500,000

440,000 /500,000

Clinker capacity design / actual t/d

1300 / 1500

1300 / 1500

Heat consumption kcal/kg ck 1,270 1250

Type of fuels H. Oil / Natural Gas H. Oil / Natural Gas

Fuel oil LCV kcal/kg fuel 9,600 9,600

Natural gas LCV kcal/Nm3 8,700 8,700

Plant Data

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Raw Material Conveyor

Plant Overview

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Raw Mix design

Raw Materials Percentages Units Value

High Grade Limestone % 81.00White Sand % 12.00Kaolin % 6.00CaF2 % 1

Raw Materials Sources Supplier

High Grade Limestone SWC quarry ASCOMKaolin South Sinai Kaolin ASCOM

Sand South Sinai White Sand ASCOM

CaF2 Imported from Iran Golden triangle

Raw Materials

Plant Overview

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Limestone Storage

Limestone storage Units Sinai

One Silo for Each Line 2 SiloCapacity ton 7,000Total Capacity ton 14,000

Plant Overview

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Raw Mill feeding

Raw Mill Hoppers for Each Line UnitsHoppers

Capacity, ton

Limestone Silo Ton 7000Kaolin Hopper Ton 140

Additive Hopper Ton 170

Sand Slurry Turbo Mixer m3 20

Plant Overview

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Sand Mill4 Sand Mills Two per Line Units Value

Type Slurry MillOpen Circuit

No. of Compartment # 1Type of Discharge EndType of lining RubberThe Mill Drive KW 700Type of Grinding Media Flint PebblesS. P. Consumption KWh/t 63Charge Diameters mm 32 to 16No. of Mills # 2Capacity / Mill t/h 5 of the Mill m 2.9Length of the Mill m 16Fineness on 45 % 3 Wet SieveWater Added % 45-55Ground Sand Tank Capacity ton 30 ton

Plant Overview

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2 Raw Mills (ATOX)

Raw Mill Units Value

Type ATOX 25 Vertical MillNo. of Rollers # 3 rollersProduction rate t/h 90Mill Drive Power KW 600

Wear Rate gm/t 3Fineness on 90 % 5Grind-ability Power KWh/t 5The Classifier RAR 30, SEPAX TypeThe Mill Exhaust Gas Fan KW 1000Moisture in Raw Materials % 6Kiln Exhaust Gases For

Drying % 58 to 60

Dust emission from the Stack mg/Nm

3 50 (Wet)

Plant Overview

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2 Pre-heater Towers

Pre-heater Units Value

No. of Stages # 4No. of Strings # 1Type of Cyclones FLS Low PressureDiameter of CyclonesC1 m 4.60C2 m 4.60C3 m 4.60C4 m 4.60

Plant Overview

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2 Kilns

Kiln Units Value

Diameter m 3.75Length m 57No. of supports # 3Kiln Drive KW 132Kiln Inclination % 4Kiln Speed rpm 3.6Kiln Volume m3 515Kiln Load t ck/24 h/m2 1.9Cross section thermal Load G.cal/m2.h 3.9L/D ratio inside Lining 17Capacity : Design / Actual TPD 1300/1500Heat Consumption kcal/kg ck 1270

Plant Overview

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Clinker Coolers

Line 1 Cooler

Type Grate Cooler Folax

# of Grates 2

# of cooling Fans 5

Area m2 39.9

Grate Load t/m2.24h 25.06

Speed 3 to 30 stroke/min

Crusher Hammer crusher at cooler exit

Cooler De-dusting Hot EP , 50 mg/Nm3

Line 2 CoolerType FLS Rotary Cooler

Diameter 3.95

Speed 6 rpm

Length 10

Crusher Crusher at cooler exit

De-dusting Hot EP 50mg/Nm3

Plant Overview

Clinker Quenching is in the Kiln on Line 1 Clinker Quenching is in the Cooler on Line 2

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Clinker Storage Silos

Ck Storage Units Value

Type Concrete Silo

Line 1 1 Silo

Line 2 2 Silos

Diameter m 20

Height m 35

Capacity ton 20000 ea.

Withdrawal 2 conveyors per silo

Total Capacity ton 60000 tons

Plant Overview

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Cement Mill Feed Hoppers

Mill Hoppers Units Hoppers Capacity, ton

Clinker m3 100

Gypsum m3 50

Additive m3 50

Plant Overview

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Cement Mill

Cement Mill Units Value

Type FLS UMS 42x 14.5No. of Mills # 2Capacity Des./Actual t/h 80 / 90Mill Diameter m 4.1Mill Length m 14.50No. of compartment # 2Power KW 3579Mill Charge mm 80 to 15Dynamic Separator

Type SEPAX 335M-222

UMS 2 compartment mill

Plant Overview

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Cement silos Units Value

Supplier FLS

Number of silos # 2Internal diameter m 17Internal height m 39.5 / 35 Effective

Capacity ton 10,000ea.

Total capacity ton 20,000

Steel Silo Units Value

Capacity ton 2,500

Total Capacity 22,500

Cement Storage

Plant Overview

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Packing and Dispatch Area

Packing Units ValuePaper Bags bags

Type VENTOMATIC

Number of packing machine # 2

Number of spouts/machine # 8

To Truck or Palletizer (sling Bags)

Capacity of each machine t/day 2400

Jumbo Bags t/day 500

Type FLS

Number of Packing Machine # 1

Bag Mass ton 1.5

Sent to Truck or Storage

Capacity t/day 800

Ventomatic Palletless

Shrink Wrapped Cubes t/day 2400

Plant Overview

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Final Product

Dispatch Overview

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47Line II Project

2006Decision to build the second line

The production of the plant was fully utilized in 2006 and the

future growth in the demand of the high quality products locally

and on the export markets required further capacity.

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48Line II Project

The Quarry & Raw Material

SWC is situated near some of the purestraw material sources in the world.

The viable raw material sources exist in thequarry owned by SWC for more than 100Years production (with double capacity: 1,2million tpy).

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49Line II ProjectAvailable Operation & Maintenance Experience

The experience of operating line no. 1 has been successfully

achieved with ASEC as Maintenance & Operations Contractor

and ASCOM as quarry-contractor.

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Several auxiliary building were already available as workshop,

control room, laboratory, main substation, canteen, dressing room,

and the packing plant were already extended.

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Line II Project

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51Line II Project

Based on:

1. Growth in the demand

2. Availability of appropriate raw materials of sufficient

quantity and quality owned by company.

The Board of Directors of SWC decided to complete a feasibility

study for an expansion of the SWC Plant with the aim of doubling

plant capacity from 600,000 tones to 1,200,000 tons white

cement.

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52Line II Project

Type Of Contract For Line II - Alternatives

Line 1 was built in 1999 with a Turnkey Contract (TC) with FLS/ASEC and the

preferred solution for the second line was again a TC-solution.

3 TC bids were obtained, but all of them were over the expected budget and

this was considered to be the contractors contingencies for their risk in a TC.

Based on this it was decided to pursue a self managed execution of the project

The first step was to select a project management company and RHI was

selected due to their cement experience and knowledge of the Egyptian

contractors.

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53Line II Project

Risk Of A Self Managed ContractThe risk with a self managed contract compared to a TC is the

management of the different contractors who will be involved

in the project, and who only will be responsible for their own

contract.

To minimize this problem it was agreed with RHI to try to split the

project up into different packages, where the contractor would be

responsible for erection and local manufactories of equipment

for their defined scope of the project.

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54Line II Project

Self Managed VS Turnkey Contract DISADVANTAGES

Contract negotiation with many (main) contractors (RHI,FLS, ASAESACO and Shotmet) instead of one.

Elaborate BID-documents to be sent to min. 3 suppliers for directpurchase. Evaluate the received offers and placing purchase orders.

Coordination at site between the different contractors to avoid that aeventual delay of one contractor would result in claim from another.

Monthly report of progress and budget follow-up.

ADVANTAGES Savings of approximately 10 % compared to a Turnkey Contract.

RESULTS All production guaranties has been achieved.

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55Line II ProjectConclusion On Self Managed Contract

1. With a strong Project Management team is it possible todo a Self Manage project and obtain the savings comparedto a Turnkey Contract.

2. It is important to be very critical in setting upprequalification demand, for involved contractors andsuppliers.

3. Application of delay penalties are difficult and small, asthey are related to the contract value of a contractor and notthe whole project cost as it would have been the case in aTurnkey Contract.

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56Line II Project

Project Timeline Goals

Contract in Force 29th November 2006

Raw Mill Production 11th October 2008 (22 months)

Kiln Production 28th November 2008 (24 months)

85 % of guaranteed kiln production 28th December 2008

(25 months)

SCHEDULE

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57Line II Project

In November 2006 contracts for the 2nd ProductionLine were signedF.L.Smidth-Design and process equipment supplies, manufactory drawings,and inspection of local manufactures and supervision of erection and commission

(40% cost)

RHI-Project management and civil design (5% cost)ASEC-Automation for electrical deliveries, erection and commission (11% cost)ESACO-Civil work, local fabrication and mechanical erection (21% cost)Shotmet- Local fabrication and mechanical erection (6% cost)Direct purchase (by RHI) BID documents sent to min. 3 suppliers: 17% cost

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58Line II Project

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59Line II Project

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60Line II ProjectEnvironmental compliance

To achieve our high request of environmental compliance the plant is equipped

with:

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1) Separate grinding mills

for sand

Wet mills for sand grinding to

avoid possible silicosis.

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61Line II Project

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2) Electrostatic Precipitators

Emission Guarantee of < 50 mg

62Line II Project

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3) Baghouse Dust Collectors

Jet Pulse baghouses at transfer points

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63Line II Project

Equipment Description Capacity2 Sand Mills Pebble media 6 tph

Vertical Raw Mill Atox 25 with RAR Sepax 30 90 tph

Preheater Four Stage FLS Low pressure Four 4.6 m cyclones

Kiln Design / actual FLS 3 tire, 3.75 x 57 1300 / 1500 tpd

Cooler FLS Rotary 3.95 x 10, 6 rpm

Clinker Silos (2) Concrete 20,000 tons

Equipment and Capacity

Cement Mill FLS UMS 42 x 14.5 80 tph

Cement Silo Concrete with Truck Loading 10,000 tons

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64Line II Project

Capacity of 90 tph, with 600 kw motor.

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ATOX Raw Mill

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65Line II Project

Capacity of 1500 tpd,

4-Preheater cyclones 4.6 m diameter

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Preheated with Calciner

66Line II Project

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Rotary Kiln

3 Support, 57m x 3.75m

Girth Gear Electric Drive

Design Capacity: 1300 tpd

Actual Capacity: 1500 tpd

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67Line II Project

10m x 3.95m

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Rotary Cooler

68Line II Project

Two Concrete Silos 20,000 ton

capacity per Silo

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Clinker Silos

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69Line II Project

FLS UMS 42 x 14.5

3579 kw drive

Side mounted Flender Gear

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Cement Mill

70Line II Project

Capacity of 10,000 tons, Truck

Loading and Withdrawal for

Packaged Products

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Cement Silo

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71Line II ProjectCompleted Line

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72Line II Project

Production Capacity Increase The new line started production in October 2008

SWC became the main producer of white cement in Egypt

By the end of 2009 SWC has reached a production capacity of

1.2 Million MT of high quality white cement

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73Financial Overview

The project was completed within the approved budget of 90 M USD

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74SWC Plant

1,000,000 TPY Clincker capacity

1,200,000 TPY Cement capacity

2 x 3800 kw cement mills

2 x Ventomatic 8 spout packing machines

1 Ventomatic jumbo bag packing machine

Ability to ship bulk white clinker

FULL PLANT

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75Both Production Lines

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76Cemtech Dubai, March 2011

THANK YOU

www.sinaiwhitecement.com

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