The International Cement Research Group (ICRG)
ICRG is a specialist consultancy operating in the building materials sector. A selection of completed projects and assignments is listed below. For more information or to request a quotation, please contact us at our UK office.
Export Credit Agency (Germany)
Market and financial due diligence, West Africa
Market and financial due diligence in support of investment into new 1.5Mta integrated cement works
- Detailed cement market study
- Cement market forecasts
- Supply and demand analysis
- Cement and clinker import and export analysis
- Competitive analysis and pricing survey
Local cement producer
Plant expansion, sub-Saharan Africa
- Full technical and commercial feasibility study and due diligence supporting construction of second line of plant
- Technical review of project including process, energy, automation, operations, manpower, construction
- 15-year supply-demand forecasting and analysis
- Economic analysis including full financial modelling (P&L, Cash Flow, Balance Sheet)
European Bank for Reconstruction & Development (EBRD)
Techno-economic feasibility for wet to dry kiln line conversion, Russia
– Economic and financial analysis
– Technical assessement
– Detailed market analysis and forecast
Global investment bank
Commercial due dilligence – Bosnia, Croatia, Hungary and Serbia
– Market due diligence support for investment bank
– Construction sector research and forecasting
– Cement market profiling and forecasting
– Commerical and competitive analysis
Export Credit Agency (France)
Due diligence in support of investment into new 1.2Mta integrated cement works, Benin
- In-depth national cement market study
- Cement market forecasts, 2009-2025
- Supply and demand analysis
- Cement and clinker import and export analysis
- Competitive analysis and pricing survey
- Regional export markets and opportunities
Local cement producer
Development of a new clinker and cement export facility in Algeria
- Analysis of Algerian clinker and cement trade
- Strategic overview of export project
- Assessment of alternative export configurations
- Overland materials handling and export scenario analysis
Local project sponsor
Full techo-economic feasibility study for a new 1.4Mta plant in Angola, Africa
- Full technical and commercial feasibility study of major green field project in Angola
- Technical review of project including process, energy, automation, operations, manpower, construction
- Five year supply-demand forecasting and analysis
- Economic analysis including full financial modelling
European Bank of Reconstruction and Development (EBRD)
Marketing study on the cement market of Croatia and neighbouring countries
- Review of Croatian cement market
- Regional export markets
- Company market expansion and strategy
- Market, regulatory framework, strategic planning
Leading Spanish and German international investment banks
Evaluation of a greenfield cement project in southern Spain
Commercial advisor to international investment banks with regard to commercial evaluation of a green field cement project in southern Spain
- Analysis of the economy and construction market
- Cement demand analysis and five year supply and demand forecast
- Competitive analysis of market
- Cement price analysis and five year forecast
- Off-take agreement and internal pricing mechanisms
- Impact of carbon pricing on viability of project
- Full revenue projections for the new plant
Leading Baltic company
Market study of the Baltic cement market
A market study of the Baltic cement market in support of feasibility study into construction of a new 1Mta greenfield plant:
- Ten year supply-demand forecasting and analysis
- Comprehensive analysis of Baltic cement trade and logistics
- Pricing analysis and actionable market entry scenarios