New 1.5Mta cement plant for Timektane inaugurated

New 1.5Mta cement plant for Timektane inaugurated
18 December 2017

Algeria’s Prime Minister, Ahmed Ouyahia has inaugurated a new 1.5Mta cement plant in Timektane, 260km from Adrar.

Further expansion of the DZD21bn (US$181m) works is planned in a second stage, which will take cement capacity to 3Mta.

The project is a joint venture by STG Sidi Moussa, which owns a 71 per cent stake, and China Triumph International Engineering Co (CTIEC Beijing), which holds the balance of shares.

Under a seven-year cooperation agreement, the venture’s Chinese partner will manage the plant during the exploitation phase, including the formation of an Algerian workforce, know-how transfer and the use of advanced cement production technology.

Mr Ouyahia commented on the opening, saying: ”This cement plant, with a production capacity of 1.5Mta, is a source of pride for Algeria.” The works will also allow the creation of extra resources and lead to a reduction in cement prices, according to the Prime Minister. He added that the plant confirms the effectiveness of the investment policy initiated by the President of the Republic, Abdelaziz Bouteflika.

Published under Cement News