Cement News tagged under: 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... |
Moroccan cement demand stable in November16 December 2016, Published under Cement NewsCement sales in Morocco experienced a 3.5 per cent drop YoY to 1.2Mt in November 2016, according to the country’s Ministry of Housing and Urban Policy. In regional terms, the Tanger-Tétouan-Al Hoceïma region saw demand drop 15.7 per cent to 145,574t and in Rabat-Salé-Kénitra sales were down 6.8 per cent to 147,023t while Souss Massa noted an 8.3 per cent rise in sales to 111,544t. In Casablance-Settat sales fell 2.8 per cent to 267,095t and in Oriental they dropped 3.8 per cent to 119,677t... |
Moroccan cement demand up 8.4% YoY Oct 201625 November 2016, Published under Cement NewsMoroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year. In the first 10 months of 2016, cement sales in the kingdom edged up by 0.9 per cent, according to the Directorate of Financial Studies and Forecasting (DEPF), Ministry of Economy and Finance. Real estate loans were up 2.4 per cent to MAD246.4bn (US$24.4bn) at the end of the first nine months of 2016, an improvement when compared with the 2.2 per cent increase noted in 9M15. |
Morocco: Cemos announces plans for Tarfaya plant25 November 2016, Published under Cement NewsMorocco’s Challenger magazine has reported that Jersey-based Cemos Group plans to construct a MAD3bn (US$296m) cement plant in Tarfaya in the country’s southwest. The 1.6Mta integrated plant will utilise local deposits of oil shale as an energy source. In this way, Cemos – which is a portmanteau of Cement from Oil Shale – hopes to keep costs down, paving the way to allowing it to export some of its production to west Africa. Cemos had originally intended to exploit the 1bnt oil shale d... |
Moroccan cement market contracts 19% in September 201621 October 2016, Published under Cement NewsMorocco’s cement demand fell by 19.1 per cent to 832,930t in September, according to the Ministry of Housing and Urban Policy. Laayoune-Sakia El Hamra showed the largest monthly drop at 48.4 per cent to 12,200t, followed by Dakhla-Oued Ed-Dahab which saw consumption fall from 2176t in September 2015 to 1589t one year later. Cement demand in Tangier-Tetouan-Al Hoceima decreased 24 per cent YoY to 107,612t while in Oriental the market contracted 21 per cent to 75,260t. Cement consumption in... |
LafargeHolcim launches new cement in northern Morocco13 September 2016, Published under Cement NewsLafargeHolcim Morocco launched its new cement ‘Perfecto’ in the northern Moroccan market. The product, produced in the company’s Tangier plant, is specifically geared to all masonry work and as it supports the needs of construction companies, builders and individuals, it is expected the new brand will help to develop the construction market in Tangier, Tetouan and Al Hoceima areas. The north of the country is a mature market, located close to Europe and represents around 30 per cent of do... |
Morocco: June sales down 11%, but market remains stable in 1H1628 July 2016, Published under Cement NewsMoroccan cement sales in June declined by 10.8 per cent from 1,164,837t in June 2015 to 1,039,383t, according to the Ministry of Housing and City Policy. Sales in the first half of 2016 edged up 1.7 per cent to 7,460,834t from 7,337,161t in 1H15. Gains were reported across the country in 1H16 although Beni Mellal-Khenifra, Draa-Tafilalet and Guelmim-Oued Noun saw their regional markets contract by 12, 8.3 and 9.5 per cent, respectively. At the other end of the spectrum the largest rise... |
Morocco: 5M16 sales up 4%22 July 2016, Published under Cement NewsCement sales in Morocco advanced four per cent in the first five months of 2016, according to the Department of Financial Forecast and Research of the country’s Ministry of Economy and Finance. During the same period, capacity utilisation in Morocco’s cement plants has improved by three percentage points to 64 per cent. |