Cement News tagged under: Anouar Invest
China’s ICBC and Anouar sign US$171m financing agreement14 December 2015, Published under Cement NewsMorocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of China (ICBC) in the amount of US$171m for the construction of a cement works in Settat, Morocco. The project’s MAD2bn (US$203m) engineering, equipment and construction contract was awarded to Sinoma-CDI, which expects the new plant to be up and running by the end of 2018. Anouar Invest is also building a cement unit in Laâyoune. |
Morocco: Anouar Invest starts construction on second cement works20 November 2015, Published under Cement NewsMoroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an investment of MAD300m (US$29.98m) and will have a capacity of 0.5Mta. The unit is expected to come online in July 2017. Anouar Invest has also launched work on a 2.2Mta cement plant in Settat, via its subsidiary Atlantic Ciment. The MAD3bn facility is scheduled to enter production at the end of 2018. |
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