+ Reply to Thread
Page 1 of 58 1 2 3 11 51 ... LastLast
Results 1 to 7 of 403
  1. #1
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    Le marché algérien du ciment :

    MILAN (AFX) - Buzzi Unicem SpA said it is acquiring a 35% stake in Algeria cement company Hadjar Soud for 58 million euro and a similar stake in Sur El Ghoziane for 52 million.

    Buzzi Unicem said it is acquiring the stakes after winning the privatisation contest organised by the Algerian state, adding that the acquisitions are subject to agreements on governance for the firms.

    'Buzzi Unicem will have responsibility for managing the two production units in addition to having representatives in the governing bodies of the companies,' it said in a statement.

    'The combined production capacity is more than 2 million tonnes a year, with a good profitability and an EBITDA margin of more than 30% of sales,' it said.

    Buzzi Unicem will finance the deals via its own resources and by taking on debt, it said.

    Hadjar Soud is based in the east of Algeria, near the city of Annaba, while Sur El Ghozian is 130 km south of Algiers.

    >>>Source<<<

  2. #2
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    Four investors compete for a cement project at Djelfa

    Reliable sources inform El Khabar of four investors competing to obtain a transaction of a grey cement factory project in Ain El Bell, Djelfa. The four investors are from Saudi Arabia, Iran, Egypt and an Algerian-Iranian joint venture.

    According to the technical data sheet, the factory is supposed to produce 1.5 tons of grey cement a year and for the cost of $200 million.

    Saudi sources said earlier that president of the Cement Arab Union Prince Sultan Bin Mohamed Bin Saud El Kebir sought to set up a joint Saudi Algerian Factory to produce cement in the Algerian high plateaus. 90% of its shares will belong to the Saudis and only 10% for Algerians.

    Furthermore, Iranians are also interested in this project. Managing Director of the Iranian Trade Centre in Algiers Mehdi Abdi revealed, early this month, that there are some negotiations underway about common projects in cement and building sector. He underscored that the Iranian Offers are definitely serious, as Iranian businessmen and investors are seeking to expand their business in the Algerian market. The same source estimates the Iranian’s offer is about 200 € to achieve a cement factory project in Ain El Bell.

    Bringing the factory into completion will be by early 2008. It will provide nearly 500 job opportunities and a production of 1.5 million tons of cement to help raise the national production of more than 16 million tons yearly.
    It should be noted that Algeria’s imports of cement is estimated to $ 40 million a year. It is expected to decrease to $12 million next year with an increase in the global production. Algeria needs approximately 15 million tons of cement yearly to achieve the project of million and two hundred thousand houses and flats adopted by President Bouteflika as part of the development and economic revival program, which is allocated $80 billion.

    Four investors compete for a cement project at Djelfa

  3. #3
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    $600 million Emirates grey cement factory for Algeria



    Second Vice-Director at Emirates Union Cement Company Abdullah Alsayah has signed a deal with the Algerian Government to set up a new cement factory in Algeria. The deal is signed as part of direct investment and with a global cost of $600 million.

    Alsayah confirmed that the annual productivity power of the factory will be in the limit of 2.5 to 3 million tons of grey cement. He explained that the Emirates Company is committed to produce high quality cement complying with ecological standards. He said that the high plateaus area has been chosen for the factory. The global production should meet the needs of the local market and the surplus should be exported in a second step.

    Alsayah indicated that Algerian authorities have facilitated the work for Algerian and Arab investors equally. They gave legal guarantees as regards the freedom of capital and profit transfers. The investment will be profitable as the cement market is a promising market. The presence of Alsayah in Algeria coincides with the planned submission for an investment from the Algerian Emirates Group chaired by Nadjib Nacer.

    The plan aims at investing a considerable amount of money of $ 25 or 30 billion in important tourism and real estate projects. To obtain authorisations for such projects, the Group requested meeting Prime Minister Abdelaziz Belkhadem who received them Tuesday and promised to provide all the opportunities and information needed.

    Reliable sources informed El Khabar that “the statements of the Algerian Emirates Group provoked the indignation of a number of member Emirates businessmen and those who wished to join the Group.

    $600 million Emirates grey cement factory for Algeria

  4. #4
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0
    RAS AL KHAIMAH — The Union Cement Company (UCC) denied reports carried by some local newspapers yesterday that it had sealed a $200 million deal with the Algerian government to set up a cement factory in the North African country.

    "The plan is still under study and we have not reached a final agreement with the Algerian authorities in this regard," said Abdullah Mohammed Saeed Al Syyah, Deputy Chairman of the UCC Board of Directors, in a statement.

    Al Syyah thanked the Algerian authorities for their warm response to the plan. "They were very enthusiastic and promised to extend all kinds of support to the new project, but I want to stress here that no final agreement has been reached and the whole issue is under discussion," he said.

    Media reports said that the new factory would be set up to meet the rising demand for cement in the Algerian market.

    UCC was founded in 1972 as a joint venture between the governments of RAK and Abu Dhabi. The UCC has been awarded the ISO 9000 and 14,000 certifications.

    The company has recently struck a Dh 500 million deal with the China Building Material Equipment Corporation (CBMEC) for setting up a new clinkerisation facility on the UCC premises in Khor Khuwair.

    UCC denies sealing deal with Algeria

  5. #5
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    Italy's Buzzi purchases 35% of shares of Azaba and Sour Elghozlane cement factories



    Italian Group Buzzi revealed it is expecting to invest 15 million Euros in Azaba and Sour Elghozlane complexes. It has purchased 35% of the shares of the cement factories with the view of redeveloping them. The Italian Group is expected to launch modernisation and redevelopment projects, which are due after the deal adoption by the Participations of the State. The operation comes as part of the privatisation process by the opening up of Algerian cement factories’ capital.

    The company will take charge of the management of both complexes. Its officials will be present in the board of directors and in the managing staff. The complexes’ global production capacity stands at over 2 million tons with a good productivity rate, according to the communiqué of the Italian Group.
    The Italian Group presented, in return for the 35% of the shares, 58 million Euros for the Azaba Factory and 52 million Euros for Sour Elghozlane.

    In the same context, the company considered, according to financial official Pedro Buzzi, that the Algerian complexes need 15 million Euros of investment to be redeveloped and modernised. He believes it is a promising project. Sour Elghozlane complex will need 5 million Euros whereas for Azaba complex 10 million are needed for the next two years. To recall, Sour Elghozlane Complex raised the productivity rate to 28% between 2002 and 2005.

    Italy's Buzzi purchases 35% of shares of Azaba and Sour Elghozlane cement factories

  6. #6
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    Orascom to open white cement factory in April 2007

    An official of Seba Company, an Egyptian Orascom subsidiary, in charge of achieving a white and grey cement factory in Mascara Wilaya, said that the white cement factory will start production next April with a power of 550,000 tons a year. The executives of the company which has dedicated more than $520 million to achieve the project indicated that the project works, which started in October 2005, has allocated an amount of $128.4 million with an initial time limit of 20 months and a number reaching for the time being 550 workers and expected to increase at the start to production. The cement complex is expected to produce 2.5 million tons a year. Currently it has created 2,680 direct and indirect jobs expected to go up to 3,500 jobs, among which some are destined to go to Egyptians by next January. As soon as the production starts 8000 direct and indirect jobs are to be created.

    Egyptian Orascom and its two subsidiaries in Mssila and Mascara have 30% of Algeria’s production of grey cement, i.e. 6 million tons yearly. Orascom has in fact monopolised the white cement production by its new complex.

    Orascom to open white cement factory in April

  7. #7
    Guest 123 is offline Registered User
    Join Date
    Jan 2006
    Posts
    0

    Le marché algérien du ciment :


    Il est prévu que la fin de l’opération de privatisation partielle de quatre usines de ciment intervienne lors du second semestre de l’année en cours. Cette opération ira à l’avantage des compagnies Européennes et Egyptiennes qui obtiennent la gestion.

    Les quatre usines concernées par la privatisation sont en premier lieu l’usine de Zahana à l’ouest, d’une capacité productive qui va de un à 1.2 million de tonnes, contrat décroché par une compagnie Egyptienne, la seconde et troisième usine se situent respectivement à Bouira et à Skikda, dotées d’une capacité d’un million de tonnes et de 900 mille tonnes, la compagnie Italienne « Bozi » a réussi à obtenir 30% des deux usines.

    La quatrième usine partiellement privatisée est celle de Meftah à Blida, d’une capacité d’un million de tonnes, dont la gestion sera assurée par le groupe Français « Lafarge ».

    Il est attendu que la compagnie Egyptienne de ciment réalise l’usine de Djelfa en parallèle avec l’usine de ciment blanc d’Orascom, la nouvelle usine de Djelfa aura une capacité de production de 3 millions de tonnes.


+ Reply to Thread
Page 1 of 58 1 2 3 11 51 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts