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European Giant Acquires Modern Algerian Gypsum Factory

June 23, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
European Giant Acquires Modern Algerian Gypsum Factory

The Belgian group 'Etex', one of the largest global players in the field of building materials and lightweight construction, announced its acquisition of a majority stake in the Algerian company 'Global Gypsum', owner of the brand 'Gyplac', in a move that strengthens foreign presence in the building materials sector in Algeria and confirms the attractiveness of the national market for major industrial investments. This operation comes at a time when forecasts indicate that the gypsum industry will grow globally by more than 4 percent annually until 2032, making this sector one of the most promising industrial activities in the coming years. According to a statement from the Belgian group received by 'Echorouk', the operation is part of 'Etex's' strategy to expand its presence...

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