Mining

Algeria: GICA hopes to deal with the cement deficit starting from end 2016

Saturday, 24 October 2015 12:16

The Groupe Industriel des Ciments d’Algérie (GICA) is planning to reduce the cement deficit estimated at over 4 million tons per year with 2 new cement manufacturing plant extensions in Sétif and Chlef, which will start production by end 2016, APS reports.

The two extensions, in the cement plants of Ain El Kébira in Sétif and Chlef, will each add about 2 million tons per year, Mr. Ahmed Souidi, Head of Division for the group, explained. “We are also on the verge of signing a contract with a foreign partner for the extension of the cement plants of Zahana in Mascara and Beni Sarf in Ain Témouchent”, he added.

These are projects under study which could generate additional capacity of 3.5 million tons per year.

GICA is made up of 23 subsidiaries and has a total yearly production of 11.5 million tons with a target of 15.5 million tons by end 2016 and 18.5 million tons in 2018.

On the same topic
Sub-Saharan producers delay crude sales despite available April-loading cargoes. Supply disruptions linked to Strait of Hormuz closure support...
Vedanta plans to split into five entities to reduce debt and unlock value. The group targets a combined valuation of $50 billion versus a...
Egypt to slow fuel-intensive projects for two months Measures include cutting government fuel use, remote work adoption Move follows oil...
The Congolese government in January unveiled a development plan for the MIFOR iron ore project, which holds up to 20 billion tonnes of resources, but key...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.