Alumco and CPC sign historic MoU to set up AED 100 Million aluminium extrusion plant in Algeria
Zawya - DUBAI, United Arab Emirates:
Alumco LLC, the UAE-based specialized aluminium facade contractor and major glass processor, and Saudi Arabia-based Construction Products Holding Company CPC announced today the signing of an MOU to set up a new aluminium extrusion factory in Algeria.
The project will involve investment to the tune of AED 100 million and capital will be raised equally by both Alumco and CPC. The new factory, spread over 100,000 square metres, will have an initial production capacity of 50,000 tones per year, ...and work on the project is expected to start within six months from the signing of the MOU with completion due within nine months to one year.
Zawya - DUBAI, United Arab Emirates:
Alumco LLC, the UAE-based specialized aluminium facade contractor and major glass processor, and Saudi Arabia-based Construction Products Holding Company CPC announced today the signing of an MOU to set up a new aluminium extrusion factory in Algeria.
The project will involve investment to the tune of AED 100 million and capital will be raised equally by both Alumco and CPC. The new factory, spread over 100,000 square metres, will have an initial production capacity of 50,000 tones per year, ...and work on the project is expected to start within six months from the signing of the MOU with completion due within nine months to one year.
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