ASEC Cement starts Zahana exit negotiations

Qalaa Holdings announced that its subsidiary ASEC Cement has commenced negotations to exit Zahana Cement, in which it owns 35 per cent of shares.

ASEC Cement has invested US$62m in Zahana Cement, which has a plant located some 40km from Oran, western Algeria. The cement producer upgraded the works to produce 0.75Mta and has been building a new 1.6Mta line, scheduled to come online at the start of 2020.