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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