May 21 2010 |
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"Carthage Cement" will integrate Alternative Tunis Stock Exchange Market
During a press conference which was held on Thursday, in Tunis, it was announced that Carthage Cement , which endeavors to become one of the largest cement factory in North Africa, is currently preparing to integrate into the Alternative Market of the Tunis Stock Exchange.Subscription to the offer, which will be made through a public fixed price offer of 20,337,846 new shares issued, amounting to 38, 6 millions, will extend from May 24, 2010 to June 2, 2010.
During the meeting, Mr. Belhassen Trabelsi, the company's Board Chairman said that " Carthage Cement " has every asset to become the largest cement plant in the North African region.
Located in Djebel Ressas, south of Tunis (nearly 25 kms from Tunis), close to one of the country's major stone quarries , will significantly supply the cement market in Tunisia.
He added that the success of the project is due to the support of recognized international institutions in cement manufacturing such as the Swiss company "PEG SA" and the Danish company "FLSmidt" and the International Law Firm "White & Case" which oversees the signature of contracts between the various international parties.
The expertise of its partners and the broad opportunities of growth in the Tunisian cement market are as many factors likely to prompt the company's growth.
In an interview to TUNISIAONLINENEWS, Mr. Hatem Garbouj Assistant Director-General of the " Carthage Cement " said that the company set a financial capital estimated at 134, 9 million dinars, which will allow it to integrate into the Tunisia Stock Exchange, will give the project sufficient capacity to implement another projects such as the exploitation of Djebel Ressas's mountain and the implementation of Kharsena projects by October 2010 as well as the start of manufacturing cement by July 2012.
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