Following a deal struck with the leading Danish group FL Smidth and its Turkish partner for civil engineering and construction, Elkon-Prokon, a new cement company dubbed "Carthage Cement" will soon be created with the financial assistance of the international bank HSBC. The turnkey project will be one of the largest in North Africa.

The new cement plant will be located in Djebel Ressas, south of Tunis, close to one of the country's major stone quarries and will cover an area of 220 hectares. The project which will create some 550 employments, will have a production capacity of some 5800 tons of clinker per day and will likely contribute to boosting the social and economic development of the region.