Jun 20 2006 |
more articles from
|
Lafarge Cement to invest nearly two MAD billion in Morocco
The Lafarge Cement group will invest nearly two MAD billion for the extension of the Tetouan factory and the transformation of Tangier's into a modern cement grinding station, MAP news agency reported.The convention of this investment was signed, on Tuesday in Rabat, between the Moroccan government and Lafarge Cement, during a ceremony chaired by the Moroccan Prime Minister, Driss Jettou.
The extension of the Tetouan factory will include a line of production clinker, workshops of grinding, storage and cement packing.
On this occasion, Jettou underlined the current dynamic of development in the Kingdom, quoting as an example the large construction projects in Morocco, particularly those in the field of social housing.
The Prime Minister greeted the efforts made by Lafarge Cement to accompany this dynamic.
For their part, Lafarge's officials described the Moroccan market as interesting, stressing that this convention comes to reinforce the position of the company, especially in the Northern region where the demand is expected to increase to two million tons by 2014, as a result of the ongoing development in the region.
Since 2001, Lafarge Cement and Morocco signed three conventions totalling more than MAD 5.7 billion. The first, signed in January 2001, concerned nearly MAD 2.3 billion primarily for the construction of the Tetouan factory.
Signed in June 2005, the second convention (MAD 1.5 billion) is related to the extension of the Bouskoura factory and the extension and modernisation of the Meknes, Safi and Tangier factories.
Present in 76 countries throughout the world, Lafarge Cement achieved a turnover of Euros 16 billion in 2005.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment