THE COMPANY
- General Information
Company Name |
Entreprise des Produits Rouges des Aurès EPRA/ Brick factory |
Creation Date |
03 May 2010 (ASICOM entry) |
Legal Form |
Joint Stock Company (SpA) |
Head Office |
870 000 000 DZD |
Capital |
Route de Batna, Commune de TAOUEZIENT, W. KHENCHELA |
Management |
The company is managed by its Board of Directors, composed by five members. The Board is chaired by ASICOM and a General Director |
- Capital KDZD
Shareholders |
2010 |
2014 |
2017 |
|||
Amount |
% |
Amount |
% |
Amount |
% |
|
ASICOM |
117 920 |
44 |
239 920 |
33 |
289 920 |
33 |
Natural Persons |
150 080 |
56 |
210 080 |
29 |
230 080 |
27 |
SOFINANCE |
170 000 |
24 |
220 000 |
25 |
||
ElDjazair Istithmar/ Tresory |
50 000 |
7 |
80 000 |
9 |
||
El Djazair Istithmar |
|
|
50 000 |
7 |
50 000 |
6 |
Total |
268 000 |
100 |
720 000 |
100 |
870 000 |
100 |
THE PROJECT
- Project Summary
The company was created in 1998 after the employees buyout of brick manufacturing unit owned by a local public enterprise. In 2001, they ceded their shares to two natural persons who acquired a new production line (renovated) in 2004.
The equipment could not be installed due to the lack of financial resources.
A new hangar was built and the project was interrupted till the beginning of 2010 when the promoters oriented by BADR Bank contacted ASICOM for a partnership (The equipment acquisition was financed by this Bank). This partnership was concretized in May 2010.
ASICOM relaunched the project works which required a lot of prior actions including:
- The resolution of the project juridical-administrative situation;
- The technical studies resumption;
- The company remediation and Management.
- Factory Realization :
The workshops and equipment installation works started in the second half of 2011 including the kiln, the dry-kiln and the civil engineering construction. These works required more than 600 million dinars provided by ASICOM and institutional shareholders. The production started at the end of 2015.
website : www.epra-dz.com