Spanish, Tunisian Investors Put $197 Mln in Tunisian Cement Plant

Spanish, Tunisian Investors Put $197 Mln in Tunisian Cement Plant
Published: 19 September 2007


Spanish and Tunisian investors will allocate 250 mln Tunisian dinars ($197.4 mln/142.3 mln euro) in the construction of a cement plant in the region of Gabes, central Tunisia, local media reported on September 17, 2007.

The construction works will be launched in the coming weeks, since the project has wrapped up the stages of site choice, feasibility and environmental impact assessment. The plant should be operational from the second half of 2009.

With a workforce of 260, the facility will produce annually 600,000 tonnes of cement as well as 1.5 million tonnes of clinker. The plant will be powered by imported petroleum coke.
Under local regulations, 70 pct of the plant’s cement production will be reserved for the domestic market, while the rest will be exported.