New Algerian cement plant proposed

New Algerian cement plant proposed

The National Agency for Investment Development (Andi) and the Society of Aggregates and Building Materials (Sagremac) have signed an investment agreement for the implementation of a US$400m cement plant in Biskra.

The agreement involves the construction of a 2Mta cement plant in the town of Djemourah, located in the wilaya of Biskra, northern Algeria.

Sagremac is a private company incorporated under Algerian law regarding mixed capital held under rule 51/49 per cent applied to foreign investment.

Source: Source:  Maghreb Emergent, Algeria