Cement News tagged under: Morocco
Morocco’s Tekcim project online 2019?27 April 2017, Published under Cement NewsFirst announced in 2012, Tekcim’s cement plant in El Jadida, Morocco, is expected to open in 2019 with work to begin in a few months’ time, reports La Tribune. To finance the project, Tekcim’s parent, SGTM Group, has approached the African Development Bank (AfDB) and the bank is expected to finalise the case in early summer. The cement plant represents an investment of MAD2.5bn (US$252m). The project includes a 500ha quarry. |
Moroccan demand slips 0.7% YoY in March26 April 2017, Published under Cement NewsMorocco’s cement demand fell 0.7 per cent YoY in March from 1.334Mt in March 2016 to 1.324Mt one year later. While the Dakhla-Oued Ed-Dehab region saw sales soar by 27.7 per cent YoY to 8042t, advances were more modest in Fès-Meknès (+19.13 per cent to 125,085t) and Souss-Massa (+12.8 per cent to 127,584t). However, Morocco’s key markets all saw sales contract. Casablanca-Settat experienced a 2.1 per cent drop to 292,487t, the Marrakech-Safi market shrunk by 8.3 per cent to 163,902t and ... |
Morocco: LafargeHolcim to open Laâyoune grinding unit21 April 2017, Published under Cement NewsLafargeHolcim is preparing to inaugurate its first cement grinding unit in Laâyoune, southern Morocco. The new facility is expected to support the development of the entire south of the country as it supplies cement to major infrastructure and housing projects. HeidelbergCement subsidiary Ciments du Maroc already operates a 0.25Mta grinding works in the area. The company has the option to double its capacity when required. In addition, Anouar Invest has announced plans to build a 0... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
LafargeHolcim opens Construction Development Lab in Morocco31 March 2017, Published under Cement NewsLafargeHolcim has opened a new Construction Development Lab (CDL) in the Moroccan city of Casablanca. The laboratory, the firm’s eighth, joins those in Algeria, Argentina, China, France, India, Malaysia and Mexico and will specialise in developing construction solutions adapted to the particular needs of the local and wider African markets. The CDL will employ 50 engineers, architects and technicians and will also work to develop partnerships with star-tups and higher education institu... |
Moroccan cement sales slip 10% in February20 March 2017, Published under Cement NewsMorocco's cement market contracted 9.9 per cent YoY in February to 1.064Mt from 1.181Mt in February 2016. The Laayoun-S Elhamra region saw the largest decrease of 39.4 per cent YoY to 6.761Mt while other significant decreases of 15-16 per cent YoY were reported in the key markets of Tanger-Tétouan and Al Houceima, Casablanca-Settat and Marrakech-Safi. However, YoY growth was noted in Guelmim-Oued Noun (+88.1 per cent), Dakhla-Oued Ed-Dahab (+27.7 per cent), Drâa-Tafilet (+74 per cent) and... |
APC: Moroccan cement producers use renewables for 80% of energy requirements16 March 2017, Published under Cement NewsMoroccan cement producers source about 80 per cent of its energy from renewable energy sources, Mohamed Chaibi, president of the Moroccan cement association, APC, said. Leading the way is LafargeHolcim Maroc as three of its cement plants use mainly wind energy, up to 85 per cent of the total, thanks to its own wind farm near by. The company has also concluded power purchase contracts with Nareva and Acwa Power to supply renewable power to a total of eight sites in Morocco. |
Ciments du Maroc posts net loss of MAD-155m08 March 2017, Published under Cement NewsCiments du Maroc announced a MAD1.2bn (US$118.7m) improvement in its net loss to MAD-155m in 2016. Operating income reached MAD1.292bn in 2016, a 9.8 per cent increase when compared with the previous year. The fall in losses is due to the increase in the weighted average cost of equity and to an impairment provision of the company’s stake in Suez Ciments of MAD1.253bn. In addition, the company's domestic sales edged up by 0.7 per cent, bucking the overall market trend which slipped 0.... |
CIMAT posts revenues down by a quarter for 201625 January 2017, Published under Cement NewsCiment de l’Atlas (CIMAT) expects to report revenues of MAD2.16bn (US$215.7m) in 2016, compared with MAD2.67bn the year prior. The company attributes the drop to the deceleration of export sales. Net profit in 2016 reached MAD519m. For 2017 the company forecasts revenues to slip to MAD2.159bn with a net profit of MAD526m. CIMAT envisages a broad geographic presence by extending its distribution network in the main growth markets. In addition, it plans to optimise its prod... |
Moroccan cement demand slips 0.7% in 201612 January 2017, Published under Cement NewsMoroccan cement demand fell 12.5 per cent MoM in December 2016 and slipped 0.7 per cent YoY to just over 14.5Mt in 2016, according to Morocco’s Ministry of Housing and Urbanisation. In December 2016 the domestic market contract from 1,272,912t in 2015 to 1,114,270t with the largest decreases noted in Tanger-Tétouan-Al Houcein (-21.1 per cent), Casablanca-Settat (-16.8 per cent) and Oriental (-16.5 per cent). At the other end of the spectrum the regional markets of Dakhla-Oued El-Dahab, Dr... |