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Le Maghreb , Algeria.
8/3/2009 12:00:00 AM
Realization of the cement plant in Djelfa IFC participate with 24 million USD.
The International Finance Corporation (IFC), member of the World Bank Group, will participate in a capital investment of 24 million USD of cement plant in Djelfa. Note in this sense that the realization of this cement plant is likely to contribute to the creation of 600 permanent jobs and another 800 casual jobs. Mr. Giorgio Bodo, CEO of ASEC CIMENT ALGERIE said that the completion of the cement plant of Djelfa is marked as the first agreement with IFC, and ASEC CEMENT intends to deepen its partnership with this institution in future projects. This also confirms ASEC CEMENT commitment to Algeria, a country that is considered of crucial importance in ASEC CEMENT development strategy.

For his part, Mr. Michael Essex, executive director of the IFC for the Mena region, said that investments in ASEC CIMENT ALGERIE in their strategy is to increase the volume of cross-border investment in the region, and assist in Algeria diversification of its economy. This investment will accordingly help develop the cement industry in the country. IFC hope that this will encourage more investment in Algeria. The production capacity of cement will be 3.1 million tonnes annually, while the project will require an investment estimated at 550 million USD. The implementation of this cement plant in Djelfa is not accidental, since it is close to two major sources, namely that of limestone (djebel Djelal El Gharbi) and of clay (Oued Sedeur and Ben Hamed). According to ASEC CIMENT ALGERIE, the contracts for the project of Djelfa have been signed with Danish cement equipment supplier FLSmidth and a sister company of the group, namely ASEC Automation and electrical wiring for ASEC Engineering Steering project. The completion of this plant, known to turn its machines in June 2010, will create about 2 500 new jobs during the construction period and 1,000 other positions after the start of production. Mr. Bodo said that the output of the cement plant Djelfa will be aimed primarily at the local market.

Le Maghreb - 3 August 09.pdf
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