Brasa buys Sotacib

30 September 2005
Spain's Brasahas acquired white cement company Societe Tuniso-Algerienne de Ciment Blanc (Sotacib), jointly owned by the governments of Algeria and Tunisia, for TD 97 million ($78.9 million). Italy's Italcementiand Cimpor of Portugal also submitted bids. Brasa's bid was more than 10 per cent higher than that of its nearest competitor.

Sotacib owns and operates a single cement plant in Feriana, 344 kilometres southwest of Tunis. The 18-year-old facility has capacity of 260,000 tonnes a year (t/y), but in 2004 produced 310,000 tonnes of cement.

In the medium term, Brasa is expected to increase the plant's capacity to 500,000 t/y to help meet a combined shortfall in supply in Algeria, Tunisia and Libya estimated at 500,000 t/y (MEED 27:5:05).

A consortium of Egypt's Orascom Construction Industriesand Denmark's FL Smidthwas in mid-September awarded the $138 million contract for Algeria's first white cement plant, with capacity of 550,000 t/y (MEED 16:9:05).

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications