Egypt's Orascom launches steel production at new Algerian plant

[Al-khiyal]

Egypt's Orascom Construction Industries (OCI) will launch production at its new $18m steel plant in Algeria later this month. The plant, located in northeast Algeria, will provide a complete range of products, including structured steel products, pressure vessels, industrial tanks, and plate work primarily for industrial clients including the oil and gas industry and will generate 600 direct jobs. The Algerian plant is expected to have a 12,000-tonne capacity - boosting OCI’s steel fabrication capacity to approximately 67,000 tonnes annually, one of the largest in the region. Increased spending on infrastructure and industrial projects in North Africa are resulting in a strong demand for steel fabrication services. Moreover, Algeria has launched an $80 billion spending plan on infrastructure projects, which will lead to increasing demand for cement and steel.

Egypt's Orascom launches steel production at new Algerian plant

[Al-khiyal]

Based in Cairo, Orascom Construction Industries has launched its new steel fabrication plant in Algeria which will span a surface area of 100,000 square meters including 15,000 square meters of covered working areas at a total investment cost of US$ 18 million. The new operation will provide a complete range of products including structured steel products, pressure vessels, industrial tanks, and plate work primarily for industrial clients including the oil and gas industry. The new plant is located near the OCI Cement Group grey / white cement greenfield plant in northwest Algeria, 45 km south of Arzew Harbor and 60 km east of Oran Harbor.

OCI invests in new plant in Algeria