Esaco is a multi-discipline (Civil - Mechanical & Steel) industrial construction company with a workforce of 4000 and 200 engineers.
An Alexandria based Egyptian market player since 1987, a market leader since 2006, and the market leader of 2009 with Egp.1 billion in sales achieved so far this year in construction services, including regional expansion plans in MENA = 15 x its capital.
All three core business divisions (Civil - Mechanical & Steel) are flying high simultaneously.
Their internal synergies in play create a lethal competitive edge over our rivals - helped not to have lost a major competition since April 2006 when Esaco won the ACC line1 contract, other business units are maintenance and building work both were profitable in 08.
Esaco business is growing at a dazzling pace since 2005 jumping from a turnover of just 50m. to a target net turnover in 2010 of 1000 million = 20 folds in a time span of 5 years, Esaco is a proud member of NDT group (Asec Holding) who's major shareholder is Citadel Capital, since May 24th, 2007, and since then has made huge leaps ahead.
In 2008 Esaco was right on the mark of its top line expectations of one year ago at 350m.Egp. earning a net income after tax of 13.50m.Egp. = 3.85% (though lower than planned, yet it clearly outperformed the market, in one of the most challenging years ever to the global economy).
Esaco adopts against the trend / unorthodox marketing strategies:
• Offensive momentum play in a defensive environment.
• Sell the recession and walk-out on top.
We enjoy a diversified portfolio of clients/customers worldwide that are world leaders in their respective sectors of industry:-
Cement, FLSmidth/Denmark - Polysius/Germany - FCB/France - TCDRI/China.
Arabian Cement - Sinai White Cement - Titan Cement - Army Cement - Asec Cement- Wadi el Nil Cement - ACC line2.
Steel, Nippon KK/Japan - Kobelco/Japan - Niigata/Japan - Ezz..ANSDK/Egypt.
Machinery (conveyors - mining - quarry equipment - stockpiling etc..),
ThyssenKruppFoerdertechnik/Germany - FoerderAnlagenMagdeburg/Germany -
Petrolium, FosterWheeler/France - Technip/Italy - Tecnicas Reunidas/Spain.
Industrial gases, Linde AG/Germany - Air product/UK - Air Liquide/France.
Food, Cargill/USA - Buhler/Switzerland - Gozour Holding Dina farms
Power generation, ABB/Switzerland - Ansaldo/Italy - CMI/Belgium - Sulzer/Swiss- Siemens/Germany.
The abovementioned 33 customers are among a host of other clients who buy repeatedly Esaco's construction services for over 2 decades.
Sinai White (Aalborg Portland) - Titan Beni-Suef line2/FCB - Army cement Sinai/TCDRI - Djelfa cement plant Algeria/Asec Cement H./Citadel - Wadi el Nil cement green-field WNCC & Arabian cement line2 (having successfully built line1 with FLSmidth back in 06/07), are half a dozen Cement Mega projects where Esaco is involved with a major role in 2009 is a sign of undisputed market leader status (any of our rivals will be involved in max.3), in addition to a diversified non-cement portfolio.
(co-Founder since 1987)
Chairman & Ceo