Cement News tagged under: Morocco
LafargeHolcim Maroc posts 3% advance in 1Q revenue01 June 2023, Published under Cement NewsHolcim-owned LafargeHolcim Maroc has reported a three per cent uptick in revenues to MAD2131m (US$209.2m) in the first quarter of 2023 from MAD2077m in the year-ago period. Morocco’s cement demand declined by 5.3 per cent to 3.248Mt in the January-March 2023 period when compared with the first three months of 2022, when consumption reached 3.248Mt. The company’s debts fell by five per cent YoY to MAD4887m at 31 March 2023. |
Ciments du Maroc 1Q turnover slips 4%31 May 2023, Published under Cement NewsCiments du Maroc , part of Heidelberg Materials , posted an unaudited turnover of MAD917.8m in the 1Q2023, down four per cent YoY from MAD955m in the 1Q22. Cement consumption in Morocco saw a 5.3 per cent drop in the January-March 2023 quarter when compared to the year-ago period. The company’s investments in the first quarter of 2023 increased one per cent YoY to MAD47.3m. Financial debt reached MAD42.4m, which corresponds to bank overdrafts. |
Moroccan cement deliveries see 21% drop in April03 May 2023, Published under Cement NewsCement deliveries by APC members Asment Temara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc saw a 20.6 per cent fall to 716,483Mt in April 2023 from 902,513t in April 2022, according to the country’s cement association, APC. In the first two months of 2023 cement deliveries were down 8.5 per cent YoY to 3,964,276t from 4,330,632t in the 2M22. |
Morocco sees small increase in March deliveries11 April 2023, Published under Cement NewsCement deliveries in Morocco by APC members edged up by 0.6 per cent YoY to 1,195,305t in March 2023 from 1,188,217, according to the country’s cement association, APC. Deliveries include dispatches by Asment Temera, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. In the first quarter of 2023 deliveries declined by 5.3 per cent to 3.248Mt from 3.428Mt in the 1Q22. |
Ciments du Maroc posts 25% drop in net profit in 202231 March 2023, Published under Cement NewsMorocco-based Ciments du Maroc , part of Heidelberg Materials , has reported a turnover of MAD4.043bn (US$395.4m) in 2022, representing a decrease of 2.1 per cent YoY from MAD4.128bn. The construction sector in Morocco was impacted by a significant slowdown in 2022, which worsened in the second half of the year, due to the global geopolitical context and draught affecting the country’s agricultural sector. Operating profit reached MAD1.327bn in 2022, down 18.1 per cent YoY from MAD1.62bn... |
Cement dispatches in Morocco down 11% in February31 March 2023, Published under Cement NewsCement deliveries in Morocco declined 10.8 per cent YoY to 991,906t in February 2023 from 1,111,350t in February 2022, according to the country’s cement association, APC. The data includes deliveries by Asment Temara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc . In the first two months of 2023, sales volumes were down 8.4 per cent YoY to 2.052Mt from 2.24Mt in the 2M22. |
LafargeHolcim Maroc reports 31% drop in net income24 March 2023, Published under Cement NewsLafargeHolcim Maroc , part of the Holcim group, posted a 2.6 per cent YoY decrease in consolidated turnover to MAD7.98bn (US$776.5m) in 2022. Sales volumes of the company contracted and were only partially offset by higher clinker sales and the increase in the average selling price. Moroccan cement demand declined by 10.6 per cent in as inflation impacted the economy. Current operating income reached MAD2.69bn in 2022, down 23 per cent YoY, due to the drop in cement sales and the rise in... |
Moroccan cement deliveries fall 6% in January03 February 2023, Published under Cement NewsCement deliveries by members of Morocco’s cement association, APC, declined by six per cent YoY in January 2023 to 1,060,585t from 1,128,552t in January 2022, reported the cement association. The data reflects the sales by Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. In 2022 cement deliveries by APC members saw a 10.7 per cent fall YoY to 12.487Mt from 13.975Mt in 2021, according to APC. |
Moroccan cement sales down by quarter in December05 January 2023, Published under Cement NewsCement deliveries in Morocco decreased by 25 per cent in December 2022 to 942,317t from 1,255,552t in December 2021, according to the country’s cement association, APC. The monthly total includes sales by APC members Asment Temara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc . In the full-year 2022 total deliveries fell by 10.7 per cent to 12.487Mt from 13.975Mt in 2021. |
NOVACIM SA produces first cement at Ouled Ghanem plant21 December 2022, Published under Cement NewsThe Ouled Ghanem Cement plant near El Jadida, Morocco, has produced its first cement. NOVACIM SA (formerly known as TEKCIM) has successfully started its new cement works, with FLSmidth providing the facility with its latest equipment, including the first vertical OK™ Mill installed in Morocco. Upon final commissioning, the plant is expected to produce around 1.4Mta of cement and 1.1Mta of clinker, helping to meet increasing demand for housing and infrastructure projects in Morocco and... |