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News ASEC looking to leave Zahana

ASEC looking to leave Zahana

Written by Global Cement staff 05 September 2018
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Algeria: Egypt’s Qalaa Holdings has announced that its subsidiary ASEC Cement is looking to exit from Algeria-based Zahana Cement Factory. ASEC holds around a 35% stake in the Algerian facility and has so far invested US$62m in the plant, taking its capacity to 0.75Mt/yr. A new 1.6Mt/yr production line is currently being constructed at the plant, with commissioning expected in early 2020.

Last modified on 05 September 2018
Published in Global Cement News
Tagged under
  • ASEC
  • Zahana Cement
  • Qalaa Holdings
  • Algeria
  • GCW369
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