Elbasan Cement Factory

ECF is located on the outskirts of the city of Elbasan, approximately 60 km southwest of Tirana, Albania, between an industrial area and the town itself. ECF is located in a semi-rural area and is surrounded by small agricultural holdings together with a few detached residences.

In March 1997, Seament Holding participated in a privatization tender and acquired a 70% interest in ECF and a 70% stake in UQ from the Government of Albania. In January 1999, the sponsor constructed a fixed land terminal at Durres, and in August 2000, Seament increased its holdings in ECF from 70% to 77% and in UQ from 70% to 86%. The remaining 23% of the shares of ECF and the remaining 14% of the shares in UQ are still held by the Government of Albania.