Cement News tagged under: Tunisia
Carthage Cement posts 16% drop in 1H revenues24 July 2020, Published under Cement NewsTunisia-based Carthage Cement has seen its revenues fall 16 per cent to TND102m (US$37m) in the 1H20 due to the stoppage of its operations between 28 March and 28 April 2020. Exports by the company dropped 92 per cent from TND12.4m in the 1H19 to TND1m in the first six months of 2020. However, exports to Italy restarted in June. Domestic sales slipped by one per cent YoY despite the stop in activity for more than a month. However, the company reduced its debt to TND440.7m by the end of J... |
Carthage Cement begins exporting cement to Italy22 June 2020, Published under Cement NewsTunisia’s Carthage Cement launched its first export shipment of 4100t of EC-certified Portland cement to Italy last Friday. The dispatch is reportedly part of a larger contract to supply 250,000t of cement and clinker to Europe. "Our company has got a certification of the products in compliance with the requirements of the European standards, which has helped us be the first to enter the European market and we intend to remain there," indicated Brahim Sanaa, CEO, Carthage Cement. |
Al Karama restarts Carthage Cement share sale01 June 2020, Published under Cement NewsFollowing a forced break due to the coronavirus pandemic, Al Karama Holding, restarts the process to divest a stake in Carthage Cement to a strategic investor who is able to lead and develop the Tunisian cement producer. The stake of shares up for sale at least 58.2 per cent, according to Il Boursa, a significant step-up from the 50.52 per cent initially up for offer when the company gauged interest on 15 December 2017. However, the final stake sold may be as high as 78 per cent. Interes... |
Ciments de Bizerte sees turnover rise in 1Q2018 May 2020, Published under Cement NewsTunisia’s Ciments de Bizerte has seen an 18.7 per cent rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turnover from exports also increased as dispatches to Libya resumed during the first quarter, according to the African Manager. However, the company suspended production and sales when the general lockdown was announced. Therefore, the overall turnover until 23 March reached TND24.9m. Elsewhere, clinker production gr... |
Carthage Cement sees 1Q turnover up 6%17 April 2020, Published under Cement NewsTunisia’s Carthage Cement reported a six per cent rise in turnover to TND63.617m (US$22m) in the 1Q20 when compared with TND59.771m in the equivalent period of 2019. The company also announced it suspended production and sales of aggregates, clinker and ready-mix concrete from 20 March to reduce the spread of the coronavirus. The first quarter also included a technical shutdown for the annual maintenance campaign of the kiln line. As a result, clinker out put reached 145,815t on 31 March 2... |
Société de Ciment de Bizerte halts cement sales14 April 2020, Published under Cement NewsTunisia’s Société de Ciments de Bizerte announced a temporary stop to cement sales until 19 April. The company said it had not seen a single case of coronavirus in its employees but would halt sales as a precaution. Government-owned Société de Ciment de Bizerte operates a 1.5Mta plant on the northern Tunisian coast. |
Carthage Cement completes capital increase31 March 2020, Published under Cement NewsTunisia’s Carthage Cement has successfully completed a capital increase for TND206m (US$71.89m) or 77 per cent of the initial operation. The capital increase was carried out through MAC SA, a stock market intermediary, and will serve to rebalance its financial structure and reduce debt. As a result, the company’s capital will rise to TND343.6m. |
Carthage Cement increases capital with TND206m25 March 2020, Published under Cement NewsTunisia’s Carthage Cement has closed its capital increase with a value of TND206m (US$70.9m), about 77 per cent of its initial sum (TND268.5m), according to ilBoursa. The operation has been hailed a success by the news service under the current conditions. The capital increase was carried out with Bourse MAC SA as intermediary and served to rebalance the company’s financial structure and lower its debt. The company’s capital now stands at TND343.6m. |
Medcem's Tunisian investment18 February 2020, Published under Cement NewsHanacem Tunisia is a subsidiary of Medcem Global, the sole cement and clinker exporting company for Turkey-based Eren Holding. To support export operations Medcem constructed the Hanacem grinding plant in Gabès, Tunisia, given that the country serves as a regional hub and platform to north African target markets. By Hanacem Tunisia, Tunisia. Hanacem Tunisia’s 0.6Mta grinding is situated in the Gabès industrial zone, Tunisia Medcem’s integrated flagship cement facility is situate... |
Carthage Cement to start exports to Europe12 February 2020, Published under Cement NewsFollowing the award of a CE mark, Tunisia-based Carthage Cement will start exports to Europe from March 2020 onward, reports ilBoursa. The first shipment will consist of 150,000t of cement. “This operation marks a new horizon and a new opportunity for the company as part of its drive to diversify the destinations of its products and its commercial fulfilment,” said the company in a statement. |