PPC - February 2014
PPC has acquired a 49 per cent stake in Hodna Cement Company, placing a firm foot in the door of the Algerian cement market. The company plans to build a new US$350m cement plant in Hodna, 300km east of Algiers. The 2Mta plant is expected to take 30 months to construct with commissioning likely to commence in 4Q16. China’s Sinoma International Engineering is to supply and build the facility, while India’s Holtec Consulting is providing project management services.
