Algerian Cement seeks long-term finance
The newly formed Algerian Cement Company (ACC)is putting the finishing touches to a long-term debt package for its cement plant project in the M'Sila area, 250 kilometres south of Algiers. Work has now started on the plant, for which the $176 million main equipment supply and construction contracts were signed with a team of Denmark's FL Smidth and Egyptian-owned OCI Algeriain March (MEED 29:3:02, Industry).
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