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| OCI acquires Algeria's largest aggregates producer Egyptian cement maker Orascom Construction Industries announced that it has acquired a 60% stake in Samba SPA, the largest aggregates producer in Algeria, for a total sum of US$ 8 million. Samba owns and operates a crushed stone quarry which is located in Blida, only 40km from the capital Algiers. Samba controls a total of 60 million tonnes of crushed stone reserves and has a quarrying capacity of approximately 1 million tonnes of aggregates per year. OCI intends to increase the production capacity of their existing plant and equipment up to 5,000 tonnes per day which will double their annual output to 2 million tonnes of aggregates per year through additional investments. write your comments about the article :: © 2007 Construction News :: home page |