Falcon to expand capacity by Signing Agreement with LV Technology

Manama, 29 April, 2013

Falcon Cement Company (FCC), the first Bahrain based fully integrated cement producer, announced today that it has signed off an advisory and engineering service agreement with LV Technology Public Company Limited (LVT), a Thailand-based company, to upgrade and set up a new backup cement mill.

The agreement was signed by Mr. Salah Sharif, Executive Director of FCC, and countersigned by Mr. Hans Jorgen Nelsen, Managing Director of LVT, in presence of Mr. Hisham Al Rayes, Chairman of FCC, and hosted by the Minister of Industry and commerce, H E Dr. Hassan A. Fakhroo.

Mr. Hisham Alrayes stated, "FCC is the first and only fully integrated cement plant in Bahrain and therefore plays an important role in the Kingdom's economy. Leveraging LVT's vast experience and services, FCC will increase the size of its operations and its ability to deliver more consistent supplies of cement to the domestic market with improved quality. We have seen solid growth in cement demand in Bahrain over the last year. This reflects the success of efforts by the government to support economic growth and underscores the recovery of the local housing and commercial markets."

Mr. Salah Sharif added, "We are extremely pleased to announce this agreement with LVT. Together we will implement a series of upgrades, which will increase production at our plant and in turn help to reduce the Kingdom's dependence on imports. Moreover, we expect to improve the overall operational efficiency of the plant making us more competitive and ensuring that we continue to effectively meet the needs of our customers and the growing demand for high quality, locally produced cement.

Also commenting on the announcement t, Mr. Hans Jorgen Nelsen said, "With extensive expertise in the cement industry, we are very happy to partner with FCC. Using our state-of-the-art engineering services, we will help them build further capacity, enhance product quality and strengthen their position as a world class cement producer in the Kingdom of Bahrain.

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About Falcon Cement Company
Falcon Cement Company (FCC) is an integrated cement producer in the Kingdom of Bahrain. The plant started operations in March 2009, catering to the local needs of the Kingdom of Bahrain and reducing its reliance on imported cement. The principal operating cement (OPC & SRC) has an installed production capacity of 1000 tons per day and plans to expand the production capacity to fulfill market requirement.

About LV technology
LVT is one of the leading engineering services company specialized in the cement industry. It offers engineering services in connection with the design, development, manufacturing and installation of equipment aimed at improving production and overall operational efficiency at cement plants including the reduction of power consumption.

For further information please contact:
Title: Budoor Al Aradi
Tel: 00973-39472217
Email: balaradi@finmarkcoms.com
Website: www.falcon-cement.com