Teaser
New double line cement plant Greenfield Project in Nalut - Libya with 2*6,000 TPD
cement clinker manufacturing capacity daily.
EPC:
IRD Swiss – Germany
Am Wasserwerk 7
08340 Schwarzenberg
www.ird-swiss.com
Operation and Maintenance:
ALHEDAB Manufacturing Building Materials – Libya under fully operation of IRD Swiss Germany
Coupon guarantor:
Alubafbank Bahrain under reinsurance company by AfDB (African Development Bank
Group)
S&P Rating: AA+ stable
Moody’s Rating: Aaa / Prime 1
INVESTMENT WANTED
Due to the-long term growing need of Portland Cement (OPC) in destroyed Libya the local private operator ALHEDAB FORMANU Co. wants to setup a new and modern Cement plant as one complete stand-alone single line cement plant 160 KM southwards of Tripoli, in the North-West of Libya The entire investment volume is figured out to 586 Mio EUR. This amount contains:
298 Mio EUR - Cement plant turn-key equipment delivery and erection
88 Mio EUR – Civil Work on-site place of erection
New double line cement plant Greenfield Project in Nalut - Libya with 2*6,000 TPD
cement clinker manufacturing capacity daily.
EPC:
IRD Swiss – Germany
Am Wasserwerk 7
08340 Schwarzenberg
www.ird-swiss.com
Operation and Maintenance:
ALHEDAB Manufacturing Building Materials – Libya under fully operation of IRD Swiss Germany
Coupon guarantor:
Alubafbank Bahrain under reinsurance company by AfDB (African Development Bank
Group)
S&P Rating: AA+ stable
Moody’s Rating: Aaa / Prime 1
INVESTMENT WANTED
Due to the-long term growing need of Portland Cement (OPC) in destroyed Libya the local private operator ALHEDAB FORMANU Co. wants to setup a new and modern Cement plant as one complete stand-alone single line cement plant 160 KM southwards of Tripoli, in the North-West of Libya The entire investment volume is figured out to 586 Mio EUR. This amount contains:
298 Mio EUR - Cement plant turn-key equipment delivery and erection
88 Mio EUR – Civil Work on-site place of erection
•
69 Mio EUR – Electric Power Plant 65 MW
6 Mio EUR – Gas pipeline from connecting point plus iron fittings
12 Mio EUR – Cement bags manufacturing plant
24 Mio EUR – Cement transportation for export to harbour by own truck fleet
25 Mio EUR – Quarry equipment
12 Mio EUR – Paper bags manufacturing plant
8 Mio EUR – Launching costs
15 Mio EUR – Solar panel plant
12 Mio EUR – Preliminary cost → concrete plant, cranes, roads, drills etc.
5 Mio EUR – Starting infrastructure, fencing, completion Geological study
6 Mio EUR – Supervision
8 Mio EUR – Insurance
25 Mio EUR – Operative reserve
586 Mio EUR – Total investment cost Wanted is a total investment of 448 Mio EUR against freehold of property of plant site area and raw material reserve of Limestone for about 50 years from own quarry as well as a 10% share hold of the investors for 15 Years, as time of investment. Bank guarantee by Bank JUMHOURIA BANK of the yearly repayment rates of 35,84 Mio EUR plus interest (at max. 5% p.a.) can be issued.
The project is owned and licensed by the private Libyan Holding:
ALHEDAB FORMANU Co. (100%); 90% of shares held by Libyan: Mr. Jumma Khalifa Ali
Libya Government license and land property certificate of all needed raw materials and
additives, excellent suitable for cement production process, are confirmed by
Government.
The business feasibility study will be worked out until NOV, 10th 2021
he entire schedule for project including erection and run-up is 28-30 months.
Investment capital flow according instalment plan is as follows:
6 Mio EUR – Gas pipeline from connecting point plus iron fittings
12 Mio EUR – Cement bags manufacturing plant
24 Mio EUR – Cement transportation for export to harbour by own truck fleet
25 Mio EUR – Quarry equipment
12 Mio EUR – Paper bags manufacturing plant
8 Mio EUR – Launching costs
15 Mio EUR – Solar panel plant
12 Mio EUR – Preliminary cost → concrete plant, cranes, roads, drills etc.
5 Mio EUR – Starting infrastructure, fencing, completion Geological study
6 Mio EUR – Supervision
8 Mio EUR – Insurance
25 Mio EUR – Operative reserve
586 Mio EUR – Total investment cost Wanted is a total investment of 448 Mio EUR against freehold of property of plant site area and raw material reserve of Limestone for about 50 years from own quarry as well as a 10% share hold of the investors for 15 Years, as time of investment. Bank guarantee by Bank JUMHOURIA BANK of the yearly repayment rates of 35,84 Mio EUR plus interest (at max. 5% p.a.) can be issued.
The project is owned and licensed by the private Libyan Holding:
ALHEDAB FORMANU Co. (100%); 90% of shares held by Libyan: Mr. Jumma Khalifa Ali
Libya Government license and land property certificate of all needed raw materials and
additives, excellent suitable for cement production process, are confirmed by
Government.
The business feasibility study will be worked out until NOV, 10th 2021
he entire schedule for project including erection and run-up is 28-30 months.
Investment capital flow according instalment plan is as follows:
•
35% deposit by T/T
• 30% first equipment delivery and shell stage of Civil Work by L/C
• 20% second equipment delivery and finalizing Civil Work by L/C
• 7% after finishing CW
• 5% finishing erection of the second Cement Line by L/C
• 3% after 1 Year successful plant operation by Bank Guarantee
The disposable cement capacity from plant line, to be run-up after 28-30 months of
production shall be sold as follows:
• 6,000 TPD (tons per day) will be sold into the local market around the area of
Nalut – Tripolis (huge amounts of cement needed for next 20 Years)
• 6,000 TPD will be exported to MAGREB and other African countries by
Off-TAKE agreement
3.5 Mio TPA (tons per year) will be available after reaching the plant’s fully process
capacity of 12,000 TPD Cement (counted at 330 working days).
An extensive business plan will be done by IRD Swiss Research Team within 4 weeks that
will adapted to the feasibility study by IRD Swiss. The study points out a very good background under refinancing aspects and gives an
outstanding stable outlook in economical long-term direction. An appropriate runtime
of the loan can be accepted by 10 years.
The plant at full capacity:
✓ Operation time yearly: 330 days
✓ Operation time daily: 3* 8h/shift
✓ Total cement production yearly: 3,500,000 tons
✓ Annual time of operation: 7,920 h
✓ Turnover yearly @60 EUR/to: 210,000,000 EUR
✓ EBITA yearly @60 EUR/to: 160,000,000 EUR ./. Repayment 62,000,000 EUR
✓ Cash after payback yearly: 98,000,000 EUR
We herewith invite investors to invest in this project that is totally controlled by the
German Engineering company IRD Swiss during construction. IRD Swiss has planned this
project and will erect it within a short construction time of 36-38 months only. Credit
payback shall contain a grace period of the first 3 years of construction and the payback
period of 15 years.
• 30% first equipment delivery and shell stage of Civil Work by L/C
• 20% second equipment delivery and finalizing Civil Work by L/C
• 7% after finishing CW
• 5% finishing erection of the second Cement Line by L/C
• 3% after 1 Year successful plant operation by Bank Guarantee
The disposable cement capacity from plant line, to be run-up after 28-30 months of
production shall be sold as follows:
• 6,000 TPD (tons per day) will be sold into the local market around the area of
Nalut – Tripolis (huge amounts of cement needed for next 20 Years)
• 6,000 TPD will be exported to MAGREB and other African countries by
Off-TAKE agreement
3.5 Mio TPA (tons per year) will be available after reaching the plant’s fully process
capacity of 12,000 TPD Cement (counted at 330 working days).
An extensive business plan will be done by IRD Swiss Research Team within 4 weeks that
will adapted to the feasibility study by IRD Swiss. The study points out a very good background under refinancing aspects and gives an
outstanding stable outlook in economical long-term direction. An appropriate runtime
of the loan can be accepted by 10 years.
The plant at full capacity:
✓ Operation time yearly: 330 days
✓ Operation time daily: 3* 8h/shift
✓ Total cement production yearly: 3,500,000 tons
✓ Annual time of operation: 7,920 h
✓ Turnover yearly @60 EUR/to: 210,000,000 EUR
✓ EBITA yearly @60 EUR/to: 160,000,000 EUR ./. Repayment 62,000,000 EUR
✓ Cash after payback yearly: 98,000,000 EUR
We herewith invite investors to invest in this project that is totally controlled by the
German Engineering company IRD Swiss during construction. IRD Swiss has planned this
project and will erect it within a short construction time of 36-38 months only. Credit
payback shall contain a grace period of the first 3 years of construction and the payback
period of 15 years.
The coupon will be guaranteed 100%, independent on the developing of the political situation or policy in Libya for the fully period of 15 years. The economic situation during running time of the new Cement Plant for this period will be guaranteed as well. Therefore, 100% of shares will be submitted to a new to be established project corporation as a Special Purpose Vehicle (SPV) in Bahrain, hence outside of Libya.
The coupon guarantor shall be the AfDB Group. This group is a well-established financial institution, that is honoured as one of the best 20 Banks in the World (by Global Invest research). Current ratings by S&P AA+ and Moody’s Aaa/1 Prime. An extendable O&M contract to run the plant by IRD Swiss will be issued and signed between SPV Corp. for Cement and IRD Swiss for the entire loan running period, simultaneously the EPC Contract will be signed. That’s why we think a Coupon value of 9% + CPI yearly, at 15 Years payback is fair enough for the investor!
An extendable O&M contract to run the plant by IRD Swiss will be issued and signed between ALHEDAB Cement and IRD Swiss for the entire payback period, simultaneously with the EPC contract.