Cement News tagged under: Hodna Cement Company

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PPC set to enter the Algerian cement market

10 February 2014, Published under Cement News

PPC announced that advanced plans are in place to enter the Algerian cement market through a partnership with Algerian private sector investors in Hodna Cement Company. Hodna will be constructing a 2Mta plant for approximately US$350m in the Hodna area, roughly 300km east of Algiers and close to the university and technology-focused town of Setif. PPC will acquire a 49 per cent stake of Hodna and assume management control which allows for the consolidation of the financial results of thi...