arabic Economy French Non classé

Complex Sider El Hadjar: the success of the investment project

ANNABA – The new secretary-general of the Sider El Hadjar (Annaba) steel complex, Riadh Djemaï, said on Sunday that guaranteeing the conditions of stability and the success of the investment program are “strategic objectives” adopted by the social partner. to provide the necessary support for their implementation.

In a statement to the press after his election as head of the union council of the Sider El Hadjar complex affiliated to the UGTA, Mr. Djemaï stressed that the defense of the interests and achievements of the workers is “dependent on the preservation of the tool of production and its promotion to improve the environment within the complex and enable it to achieve the economic efficiency objectives for which enormous resources have been mobilized “.

To achieve the goals set, it is imperative to mobilize all parties, workers, officials and social partners to preserve this flagship of steelmaking in Algeria, added the new Secretary General.

The implementation of the first tranche of the investment plan, which mobilizes a financial envelope of 720 million dollars, has enabled the restarting of blast furnace No. 2 as well as the rehabilitation and modernization of several industrial installations of the complex which will start, had indicated in the APS, in a previous statement CEO Chemseddine Maatallah, the second tranche of the investment plan for 20 billion DA.

This funding will be devoted to the rehabilitation of the coking plant which represents a strategic link in the steel industry, according to the same manager who indicated that the entry into activity of this unit will allow the production of coal currently imported.

This second tranche will also include the modernization of several industrial units, including the oxygen plant and the cold rolling mill, as well as the creation of a second oxygen plant and other logistics structures.

These investments to be launched “at the end of the current year”, aim to improve the economic performance of the Sider El Hadjar complex and increase its production to more than one million tons of liquid steel, it says.

The implementation of the first tranche of the investment plan will bring the annual production of the complex to 850,000 tons by the end of 2018, during which several ferrous and steel exports were made to Egypt, Tunisia, Syria, Italy and India, said the CEO of the complex.

Sider El Hadjar, which employs about 5,000 workers, produces various ferrous and steel products as well as tubes for the mechanical, electrical appliance and building industries.

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