Cement News tagged under: Morocco
Morocco: Cimar sees 7.6% EBITDA rise in 3Q1516 November 2015, Published under Cement NewsItalcementi-owned Ciments du Maroc (Cimar), Morocco, saw its turnover rise 1.8 per cent to MAD823m (EUR77.4m) in 3Q15, according to analysts at BMCE Capital Bourse. The figures do not reflect the current slowdown in public works and a lack of investment in social housing, which saw cement and clinker flows fall by 15.8 per cent QoQ (-4.2 per cent in 9M15). The rise in the cement price as well as the healthy sales of ready-mix concrete and aggregates, which expanded by 39.4 and 21.1 per cen... |
Morocco: September 2015 sales drop 21%13 November 2015, Published under Cement NewsThe Moroccan cement market contracted by 21 per cent YoY in September as sales fell to 1,029,736t. As a result, total cement sales for the year to date reached 10,508,851t, down 1.4 per cent YoY. The drop in sales is due to the close of construction sites for the Aïd El Kebir holiday as well as the downturn in the real estate sector, which is the largest cement consumer. In terms of regions, Taza-Al Hoceima-Taounat, Rabat-Sale, Greater Casablanca and Tangier-Tetouan recorded declines... |
Ciments du Maroc demolishes Anza plant23 October 2015, Published under Cement NewsCiments du Maroc, part of Italcementi, is currently demolishing the old Anza cement works near Agadir. The plant was taken out of service more than five years ago, after the commissioning of the Aït Baha works. The site will be rehabilitated in a project called Agadir Oasis as financial partners, real estate developers and leisure park companies move in. |
Morocco: cement demand falls 6.3% in June16 July 2015, Published under Cement NewsMoroccan cement consumption fell a further 6.3 per cent YoY to 1.16Mt in June following a similar decrease in May. This brings cement demand over the first six months of this year down 1.3 per cent to 7.3Mt, with the decline mainly attributed to a slow real estate market. Mohammed Chaïbi, president of Ciments du Maroc and the Moroccan cement association (APC), told L'Economiste that he expects the decline to continue going forward. Key factors that are likely to hold demand growth bac... |
Morocco sees 8.5% market contraction in May12 June 2015, Published under Cement NewsMoroccan cement sales fell 6.3 per cent MoM and 8.5 per cent YoY in May 2015 to 1,266,114t, according to Ministry of Housing. The latest figure effectively neutralises any growth noted in the first four months of the year. For the year to date cement sales reached 6,172,299t, down slightly by 0.3 per cent when compared with 5M14. Cement sales decreased considerably in Chaouia-Ourdigha (-29 per cent), Guelmim-Es-Smara (-27 per cent) and Laâyoun-Boujdour-S-Elhamra (-26 per cent). |
Addoha Group to build 0.5Mta Gabon works09 June 2015, Published under Cement NewsMorocco’s Addoha Group announced plans to build a cement plant in Gabon’s capital, Libreville. The new EUR30m works will be operated through its CIMAF Gabon subsidiary. It will have an initial production capacity of 0.5Mta, but will be expandable to 1Mta. The greenfield plant is expected to generated 200 direct and 1000 indirect jobs. |
New orders for Cemengal in South America and MEA27 May 2015, Published under Cement NewsCemengal has signed new orders for conventional grinding stations and its Plug&Grind ® solution to undisclosed customers in the South America, and the Middle East and Africa (MEA) regions over the past few weeks. South America Plug&Grind Cement grinding plant with a production capacity of 90,000tpa: ball mill Ø2.2m x 9.5m and 500kW; bag filter for 25,000m³/h. The scope of supply includes electrical sub-station to feed the new P&G unit and cement transfer infrastructure to existing silos... |
Morocco sees monthly demand uptick20 May 2015, Published under Cement NewsMoroccan cement orders increased 3.35 per cent in April to 1.38Mt from 1.33Mt in April 2014. The regional markets in particular supported this growth with Oued Eddahab reporting sales up by 49.05 per cent in April, followed by Doukkala-Abda (+41.23 per cent) and Gharb-Cherarda-Bhssen (+20.26 per cent). However, major consuming areas such as Greater Casablanca and Rabat-Salé-Zemmour-Zaer noted falls of 5.16 and 3.43 per cent, respectively. For the year to date, the domestic market expande... |
Votorantim07 May 2015, Published under Cement NewsVotorantim Cementos has announced a US$1600m investment programme that involves five new cement plants in Brazil, two in Turkey and one in Bolivia as well a the expansion and modernisation of a number of existing facilities. These investments cover the 2015 to 2018 period. These projects will add 6Mta of capacity in Brazil and 2.5Mt elsewhere. Longer-term, additional capacities are also being considered for the USA and Morocco. |
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... |