Cement News tagged under: Zahana Cement Company
ASEC in talks to sell Zahana stake, Algeria21 March 2014, Published under Cement NewsASEC Cement, a subsidiary of Citadel Capital, is looking to divest its minority stake in Zahana Cement Company of Algeria. In a statement released yesterday, Citadel Capital said that Yahia Bachir, director General of Ciments Algerie (GICA) – the Algerian holding company that controls all public-sector entities operating in the building materials sector – has publicly stated that the Algerian state is studying “buying out its Egyptian partner in a cement plant project.” Citadel Capital ha... |
ASEC Cement completes Zahana overhaul in Algeria25 May 2012, Published under Cement NewsCitadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul. “Zahana Cement Company, our key Algerian subsidiary, has just concluded the largest overhaul in the plant’s long history,” noted ASEC Cement CEO Giorgio Bodo. “This substantial intervention will lead to a 20% year-on-year increase in the production of both clinker and cement. Moreover, the deployment of new bag filters as part of the upgrade has dramatically lessened... |
Page
1
of
1
1