The domestic cement industry will convey the development model of the Korean cement industry to Algeria and strengthen strategic cooperation.
The Korea Cement Association, consisting of major domestic cement companies, announced on the 15th that a delegation of five representatives, including Lee Chang-ki, vice president of the Cement Association, and Jeon Jae-cheol, head of Hanil Cement's Danyang plant, visited Algeria on the 7th, which has the largest area among African countries.
On that day, after completing discussions to expand exchanges between the cement industries of Korea and Algeria with Rabah Kasdane, president of the Algerian Cement Industry Group (GICA), a memorandum of understanding (MOU) was signed.
This exchange between the cement industries of Korea and Algeria resulted from the request of the Algerian side, which needs assistance from the Korean cement industry to stand alongside advanced cement industries in Europe, the United States, and Japan in terms of quality and technology.
The Ministry of Trade, Industry and Energy has been promoting the resumption of the Korea-Algeria Economic Joint Committee meetings, which have been suspended for 18 years since 2007. The Korean cement industry plans to use this MOU to grow the achievements of the Algerian cement industry to the international top level.
For specific cooperation, Vice President Lee Chang-ki announced the 'carbon neutrality strategy of the Korean cement industry by 2050.' The delegation, composed of experienced representatives from production sites including Jeon Jae-cheol, head of Hanil Cement's Danyang plant, visited the Algerian cement factory to share current issues and future cooperation plans.
Over the next two years, GICA and the Cement Association plan to establish an operating committee composed of representatives from each institution to manage and supervise annual plans and the implementation of agreements.