Iraq Sets Out Five-Year Plant for Stronger Cement Production

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Researched by Industrial Info Resources (Sugar Land, Texas)--Iraq's cement sector is expecting steady growth amid a resurgence in residential and infrastructure construction. Iraq's Minister of Industry and Minerals recently announced a plan to nearly double cement production.

As part of the ministry's five year plan, Iraq cement manufacturers aim to exceed 40 million tons of domestic production by 2028, compared with the current 25 million tons. The ministry is calling for expansions to existing plants and the entry of new players in the Iraqi market.

The International Finance Corporation (IFC), which is part of the World Bank, recently announced financing of up to US$130 million for Al-Douh Iraqi Company for Cement Industries (Al Khinaq, Iraq). The long-term debt package will enable Al-Douh to expand its cement production capacity to 3 million tons by the end of 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can learn more from a detailed project report and plant profile.

Industrial Info is tracking 12 active projects at cement plants across Iraq, totaling $1.5 billion of investment. Subscribers can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).