Cement News tagged under: Algeria
Algeria government in negotiations for ASEC Cement Algeria stake20 September 2012, Published under Cement NewsThe Algerian government is negotiating with Egypt's ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm's main stakeholder told the stock exchange on Wednesday. Algeria aims to acquire 49 per cent of ASEC Cement Algeria by increasing the company's paid up capital, which currently sits at US$60m. Cairo-based private equity firm, Citadel Capital, has a 48.5 per cent share in ASEC Holding, which in turn owns 61 per cent in ASEC Cement. Citadel directly owns 3... |
Cement Industry Group of Algeria to build two new plants07 August 2012, Published under Cement NewsThe Cement Industry Group of Algeria (Gica), which recently announced it plans to 450,000t of cement, will begin the construction of two cement plants with a total capacity of 3Mta. These plants will be located in Béchar and Relizane. Gica will launch the work of determining the volume of deposits once the mining exploration rights have been obtained from the Agency for National Mining Heritage (ANPM). This was reported yesterday by APS quoting the group's director, Yahya M Bashir. I... |
GICA seeks cement imports, Algeria03 August 2012, Published under Cement NewsAlgeria’s Cement Group, known as GICA, wants to buy 450,000t of cement to reduce demand it faces in the domestic market, the El Moudjahid newspaper said. The deadline for bids is 2 September the state-run newspaper said today, citing the company. The domestic cement shortage amounted to more than 2.5Mt, according to GICA’s estimates. It produces more than 18Mt of cement and aims to raise this amount to 20Mt by 2016 and by 29Mt by 2018. |
Loesche wins new orders in Benin and Africa22 June 2012, Published under Cement NewsLoesche has received new contracts for two plants in Africa, one of which is for a new clinker line and the other involves increasing capacity at an existing plant. At the new Masse cement plant of Nouvelle Cimenterie du Benin, a 3600tpd clinker line is being planned. The site is located in Benin, approximately 8km north of the capital, Porto Novo. For this new plant, a Loesche Mill Type LM 56.4 with a capacity of 320tph raw material grinding with a fineness of 12% R90 will be put into ... |
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... |
Algeria state-owned production targets08 May 2012, Published under Cement NewsCement production by 12 state-owned cement works under Algeria’s industrial cement group, GICA, is expected to reach 29Mt by 2020, according to the CEO of Centre of Research and Technical Services of Building Material Industry (CETIM). “GICA group’s investment programme in the next eight years worth more than US$4bn is aimed at increasing production capacities of some cement works and building new ones,” Abdennour Adjtoutah said at the sidelines of building fair, BATIMATEC. With the ad... |
Lafarge to set up two cement plants in Algeria – report30 April 2012, Published under Cement NewsLafarge will build two cement plants in Algeria in partnership with local private group Sagremac. Thanks to the two projects, the French company will be able to boost its positions on the Algerian market. The first cement plant will be built in Biskra, in the south-eastern part of Algeria, for US$400m, while the second unit will be located near Constantine, in eastern Algeria. The investment in the second facility is also US$400m. Abstracted from an original article in La Tribune. |
New Algerian cement plant proposed23 February 2012, Published under Cement NewsThe National Agency for Investment Development (Andi) and the Society of Aggregates and Building Materials (Sagremac) have signed an investment agreement for the implementation of a US$400m cement plant in Biskra. The agreement involves the construction of a 2Mta cement plant in the town of Djemourah, located in the wilaya of Biskra, northern Algeria. Sagremac is a private company incorporated under Algerian law regarding mixed capital held under rule 51/49 per cent applied to foreign ... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |