Project Description
Karbala Cement Manufacturing Ltd (KCML) is an Iraqi company that entered in April 2010, into an agreement with the Government of Iraq for the leasing, rehabilitation and production-sharing of a state-owned cement plant in Karbala, southern Iraq for 15 years (starting October 2010).
The project entails a loan to support the development of KCML’s 2.3 million ton per annum (mtpa) cement plant located near Karbala, Iraq. This is a follow-on investment to KCML, with an earlier IFC investment made in 2012. The IFC loan will help KCML complete the rehabilitation of the cement plant. The rehabilitation work is being undertaken jointly by the original equipment supplier Polysius and Sinoma, an experienced Chinese EPC contractor.