World Grain - November 2023 - 31

phase, for the construction of a building housing
two industrial mills (one for fl our and another for
semolina). The facility also includes a grain storage
plant featuring silos with a total capacity of 13,300
tons. This comprehensive setup incorporates
systems for grain reception, pre-cleaning, loading,
and unloading of silos, with hourly capacities
ranging from 250 to 100 tons. The building also
encompasses processing silos (mixing cells,
conditioning cells, and cells for fi nished products
and by-products).
Financial Performance and
Key Figures
In terms of fi nancial performance, CESCO EPC has
shown a resilient trajectory throughout 2023, despite
the prevailing global investment delays resulting
from geopolitical instability, such as the confl ict in
Ukraine, foreign currency availability issues in Egypt,
and the consequential loss of the Russian market.
While there was a slight decrease in turnover
and revenue compared to the previous year, the company's
effective cost management and cautious investment approach
contributed to maintaining a solid performance. Furthermore,
investments in new manufacturing facilities in Germany and
Italy supported this positive outcome.
Operational performance also witnessed signifi cant
enhancements, refl ecting the company's effi ciency in project
execution and resource optimization. This encouraging
development in fi nancial and operational metrics underscores
CESCO EPC's unwavering dedication to sustainable growth
and excellence in project management, especially during
the fi rst half of 2023 when the industry faced signifi cant
challenges due to widespread investment delays. Geopolitical
instability had a substantial impact, affecting not only CESCO
EPC but the entire grain industry. However, as we approach the
fi nal quarter of the year, we are witnessing a rapid turnaround,
with recent market trends indicating a notable upswing in
investment activities, suggesting that the industry is regaining
momentum after a challenging start to the year, leading to a
good order backlog for 2024.
Prominent Presence at Key Industry
Events and Exhibitions in 2023
CESCO EPC takes pride in being an integral part of a series of
renowned events and exhibitions in the fi eld of the grain industry
throughout the year 2023.
From the Global Forum for Food and Agriculture to the
IAOM MEA Regional Forum, and from Agroworld Uzbekistan to
SIPSA FILAHA, each event has been an occasion to exchange
knowledge, showcase innovations, and explore strategic
collaborations with other key players in the industry. The
company's participation in the Grain and Milling Expo 2023
further emphasizes its ongoing commitment to excellence and
cutting-edge technologies in the grain industry.
In November, CESCO EPC is prepared to continue this
notable trajectory of participation in high-profi le events. They
will attend the IAOM MIDEAST & AFRICA Conference and Expo
in Cairo, Egypt, where they hope to foster fruitful business
relationships and contribute to the discussion on the latest
trends and developments in the industry.
Subsequently, they will conclude the year by participating
in AGRITECHNICA in Hannover, Germany, one of the world's
most prominent agricultural exhibitions. This presence at events
of such magnitude underscores CESCO EPC's commitment
to being at the forefront of innovation and providing
comprehensive solutions in the global grain industry.
Global Expansion and New Initiatives
for 2024
The year 2023 marked a signifi cant milestone in CESCO EPC's
global expansion. With the successful completion of projects,
the company has strengthened its presence in strategic and
emerging regions. This success sets the stage for an even more
ambitious 2024.
For the coming year, CESCO EPC aims to solidify its position
as a leader in comprehensive solutions for the grain industry.
This will include greater geographic diversifi cation and the
exploration of new opportunities in growing markets.
The outlook for 2024 appears as a period of continuous
growth, innovation, and positive contribution to the global grain
industry sector. CESCO EPC is prepared to face challenges with
determination and seize opportunities that arise on the path
toward sustained success.
cesco-group.com | +49 7531 122860 | info@cesco-group.com
http://www.cesco-group.com
World Grain - November 2023

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