Cement News tagged under: Ciments du Maroc
Morocco: Cimar sees 10% net profit rise in 1H1529 July 2015, Published under Cement NewsCiments du Maroc (Cimar) reported a 7.6 per cent YoY rise in turnover to MAD1.93bn (US$197m) for the first half of 2015. The positive sales figures in Doukkala-Abda region, which advanced by 20.4 per cent, contributed significantly to keep sales stable for the Moroccan cement producer, despite a 1.3 per cent contraction in the domestic market. In addition, the company also benefitted from a 27 per cent rise in ready-mix concrete and aggregates sales in this period when compared with 1H14.... |
Ciments du Maroc 9.3% fall in profit13 April 2015, Published under Cement NewsCiments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201... |
Ciments du Maroc: Moroccan market to show little change in 201502 April 2015, Published under Cement NewsThe Moroccan cement market is expected to show not much change in 2015 from the previous year, according to Mario Bracci, CEO of Ciments du Maroc. The Italcementi-owned cement producer delivered sales in 2014 in line with a 5.4 per cent domestic market contraction. Ciments du Maroc responded to the downturn by increasing the use of alternative fuels and improving operating efficiency, efforts which will continue in 2015. “Our goal for 2015 is to maintain our sales despite market forecast... |
Ciments du Maroc posts positive 1H14 results06 October 2014, Published under Cement NewsCiments du Maroc saw turnover increase to MAD1.63bn (US$185m) in 1H14, up 16.4 per cent from MAD1.4bn the same period the previous year. However, the company also experienced a 22 per cent rise in costs from MAD976.47m in 1H13 to MAD1.19bn, particularly in terms of raw materials and labour costs. This resulted in an operating profit of MAD444.234m, 7.8 per cent lower than the MAD481.56m noted in the first half of 2013. But a substantial reduction in financial charges helped net profit to ... |
Ciments du Maroc to invest in grinding unit03 June 2014, Published under Cement NewsCiments du Maroc will be investing MAD170m (US$20.7m) in a new grinding unit in Jorf Lasfar, 110km southwest of Casablanca. The grinding centre will have a capacity of around 0.45Mta. Located 5km from the port of Jorf Lasfar, the facility will include a horizontal cement mill, two rotary eight-nozzle bagging machines, automatic truck loading and two bulk loading stations. Storage for raw materials will include 2 x 4000t of clinker, 2200t of limestone, 1200t of gypsum and 800t of fly ash. ... |
Morroco to add 5.9Mta of new capacity by 201714 January 2013, Published under Cement NewsCompetition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following double-digit growth the year before, the mid-term outlook is positive, and domestic players are now planning new facilities in a bid to maintain market share. Ciments de L'Atlas (CIMAT) has confirmed plans to build a third cement plant close to Nador in the north of Morocco as part of its strategy to maintain a 14 p... |