Cement News tagged under: Carthage Cement
New Carthage majority shareholder known by end November25 October 2018, Published under Cement NewsThe new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spain) and Cemolins Internacional (Spain). |
Carthage Cement records 25% revenue increase24 April 2018, Published under Cement NewsTunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in production from 15 March for a month, due to a dispute between the subcontracting company (NLS) and a group of workers. Elsewhere, the company's clinker production increased 126 per cent YoY during the period. This has been attributed to the realisation of its first clinker export contract, which it expects to execute by t... |
Al Karama Holdings names six prequalifiers for Carthage Cement21 March 2018, Published under Cement NewsSix foreign groups have submitted bids for the acquisition of a 50.52 per cent interest in Tunisian cement producer Carthage Cement, according to Al Karama Holding, the company responsible for managing companies confiscated by the Tunisian state from the former regime of Zine El Abidine Ben Ali. Companies interested in purchasing the stake are Cementos Portland Valderrivas (Spain), Cemolins Internationacional SL (Spain), Omnium des Industries et de la Promotion (Morocco), Eurocem (Malta) ... |
Carthage Cement sees 12% sales drop25 January 2018, Published under Cement NewsTunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per cent YoY. The company invested some TND12.26m in 2017, down 40 per cent when compared with the p... |
Carthage Cement sale attracts foreign investors29 December 2017, Published under Cement NewsSale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notifi... |
Carthage Cement wins 350,000t clinker contract14 December 2017, Published under Cement NewsTunisia’s Carthage Cement has been awarded the contract for the export of 350,000t of clinker to sub-Saharan Africa with delivery in 2018. The order will allow the cement company to enter the sub-Saharan market and further develop its exports. |
Carthage Cement sees 11% fall in 3Q turnover01 November 2017, Published under Cement NewsTunisia’s Carthage Cement saw its turnover fall by 11 per cent YoY to TND132.4m (US$53.1m) in 3Q17 from TND149m in 3Q16. The company’s domestic sales remained stable at TND95.437m, leading to a market share of 19 per cent. In terms of export sales, revenues fell by 77 per cent in the 12 months to 30 September with some sales to Libya. However, the company has not been able to recover in terms of exports to Algeria. In 9M17 the company has invested TND9m with total debts at TND516.... |
Carthage Cement reports 2% rise in 1H turnover02 August 2017, Published under Cement NewsTunisia-based Carthage Cement increased its cement turnover by two per cent to TND68.022m in the first half of 2017. Domestic market share advanced from 18.55 per cent in June 2016 to 19.41 per cent in June 2017. However, blocked sales to Algeria negatively impacted the results. The company’s ready-mix concrete arm saw its sales slip by two per cent and output by one per cent. Debt improved from TND513m at the end of 2016 to TND507m on 30 June 2017. |
Carthage Cement reports domestic sales up 8%25 April 2017, Published under Cement NewsTunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m. The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TND53.4m in the 1Q16. Carthage’s cement production fell by five per cent YoY while clinker product... |
Tunisia: Carthage Cement reports positive 201603 February 2017, Published under Cement NewsTunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016. Domestic sales advanced 13 per cent from TND114.7m to TND126.4m. The company’s market share is estimated at around 19 per cent, up from 16.8 per cent in 2015. Exports reached TND22.175m with Carthage Cement accounting for a 17.8 per cent market share. Cement production rose by nine per cent when compared with 2015. However, the company’s ready-mix turnover saw its... |