CEVITAL

JSW Steel signed an agreement with Algeria's Cevital to acquire its Italian steel arm Aferpi for approximately Rs 600 crore. Aferpi produces special steel for rails, wire rods, and bars for railway, automotive, and other sectors.

Mediterranean Float Glass (MFG), a subsidiary of Cevital Group, plans to start production of automotive glass and a new pyrolytic glass. The automotive glass project is under negotiation, and pyrolytic glass production is expected to begin in 2019.

Brandt Algérie, a subsidiary of Cevital, is launching a mega-project in Sétif, Algeria, that is expected to generate 7,500 jobs in the medium term. The company already operates a 10-hectare plant there producing washing machines and cookers.

Mediterranean Float Glass (MFG), a subsidiary of CEVITAL group, inaugurated its second float glass production line at its industrial complex in L'Arabaâ, Blida, Algeria. The line required an investment of 120 million euros and adds 800 tons/day capacity, bringing total production to 1,400 tons/day.