Faruk Holding has, in partnership with Lafarge, invested in a number of cement companies throughout the country.
Located 30 Kilometers from Sulaimani, the Bazian cement plant has been operational since 2008, with an annual production capacity of 2.5 million tons of cement. Committed to sustainability and partially powered by a "captive" electricity station, the plant is equipped with the latest technology and meets the most up-to-date international standards, in line with Faruk Holding's and Lafarge's rigorous environmental policies.
Originally built in 1985 and refurbished in March 2007, the Tasluja cement plant is the largest in Northern Iraq. The plant features two dry process production lines, supplied by ThyssenKrupp Polysius, with a targeted production capacity of 2.3 million tons annually.
Iraq is undergoing a massive reconstruction boom, with the national demand for cement growing at a rate of 15% per year. The Bazian and Tasluja plants are ideally paced to respond to this strong demand for building materials. Faruk Holding provides quality material for housing construction as well as for private and national infrastructure. Today, one out of every four tons of cement in the country is produced in either the Bazian or the Tasluja plants.
Construction of the Gasin Cement Company began recently, encouraged by success of the Tasluja and Bazian plants, the current business environment, the receptive market, and the abundant availability of resources. The project is being developed in partnership with SINOMA (China), and will cost an estimated 350 million USD.
Initial production targets are set at producing cement at a capacity of 5,300 tons per day, with the potential to double that with the construction of a second line after the first lines of production are completed and operational. The plant is expected to create 500 new jobs.
With this project and the new cement plants being built in Iraq, the market in Kurdistan Regional Government (KRG) and in Baghdad will be fully supplied for.
Ecocem Environmental Solution Ltd. is a new joint venture between Faruk Holding and Lafarge to provide our nation with the most modern and sustainable waste management system to date. The company aims to provide integrated and sound solutions to manage household and industrial solid wastes.
FH and Lafarge have created Ecocem as a commitment to their responsibility towards the communities in which they operate. Ecocem's first project costs 70 million USD and manages 400,000 tons of waste per year. All waste collected by Ecocem will be used to produce a Refuse-derived fuel (RDF), which will be used to partially fuel the Group's cement factories, conserving national fuel through the state-of-the-art utilization of waste by-products.
Ecocem ultimately plans for at least 20 years of fully functional operation. As the first system of its kind in the city of Sulaimani, FH hopes that other municipalities will incorporate similar projects in the near future.
The project has the added benefit of creating around 120-150 jobs in the local community. In addition to improving waste management, Ecocem will also provide a bio-stabilization treatment for simplified landfill, reducing landfill to less than 20% of current levels and saving energy.