Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News January 08, 2014 at 11:13AM

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VENTURES AFRICA – China Triumph International Engineering Group Co (CTIEC) has secured a deal for the development of a 1.5m tonne annual capacity cement plant in Algeria.

The Chinese firm signed an engineering, procurement and construction (EPC) contract with Myanmar-based STG Engineering and Real Estate Development Company for a 4200 tonnes per day plant.

The plant, which will be situated in the city of Adrar, will boost cement production in the Northern region and develop a healthy business relationship between both companies, cement-focus review Cemnet revealed.

“In view of CTIEC’s wide business scope and superb business capacity, the two sides will widen and deepen cooperation in other building materials and the housing industry,” Bassa Bakhshi of STG said.

Along with the 1.5m annual capacity, the plant is capable of producing 200,000 tonnes of oil well cement yearly and will mark CTIEC’s debut of oil well cement technology in the North African country.

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