Cement News tagged under: North Africa
Ciments de Bizerte posts 53% turnover drop in 1Q24 due to lack of petcoke17 May 2024, Published under Cement NewsTunisia-based Les Ciments de Bizerte saw a 52.6 per cent drop in turnover to TND12.262m (US$3.9m) in the first quarter of 2024 from TND25.858m. The drop in turnover was due to the halt in clinker production during the quarter. The company suspended clinker production in the 1Q24 due to a lack of petcoke following financial challenges that prevented the company from importing the kiln's sole fuel. In the period leading up to 31 March, 50,588t of cement was produced, down 53.7 per cent YoY.... |
Morocco’s cement deliveries advance 21% in April16 May 2024, Published under Cement NewsCement deliveries in Morocco by APC members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – increased by 21.1 per cent YoY to867,743t in April 2024 from 716,483t in April 2023. Of this total, 55,861t was supplied in April 2024 to the infrastructure sector, up 60.2 per cent YoY as the government continues to invest in the country’s infrastructure. In April 2023 deliveries to the infrastructure segment reached 34,869t. In addition, 526,429t ... |
APC elects Saïd Elhadi as new president03 May 2024, Published under Cement NewsMorocco's cement association, APC, has elected Saïd Elhadi as its new president, it said in a press statement. Mr Elhadi, president of LafargeHolcim Maroc , will take over from Khalid Cheddadi. The association thanked Mr Cheddadi for his service and dedication. APC members operate a total of 14 integrated cement plants and seven grinding units with a total capacity of over 24.5Mta. |
Moroccan cement deliveries fall 14% in March22 April 2024, Published under Cement NewsCement deliveries in Morocco dropped 14 per cent YoY to 1,028,481t in March 2024, according to the country's cement association, APC. Sales by its members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – were down from 1,195,305t in March 2023. Deliveries to the retail sector fell 20.7 per cent to 575,731t in March 2024 from 725,926t in March 2023. The ready-mix concrete segment reduced its off-take by three per cent YoY to 238,646t from 24... |
Sinai Cement sees sales surge in 202304 April 2024, Published under Cement NewsEgypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after tax of EGP121.42m was seen in 2023, down from EGP330.41m in 2022, while the loss per share of the holding company fell from EGP2.48 in 2022 to EGP0.91 in the following year. On a standalone basis, the net loss after tax contracted from EGP319.8m in 2022 to EGP117.58m in 2023. |
Arabian Cement awarded three EPDs22 March 2024, Published under Cement NewsArabian Cement Co has been awarded the Environmental Product Declaration (EPD) certificate for three of its key products – clinker OPC, CEM II/A-P 42.5N, and CEM I/42.5N. “This certification positions us as one of the industry pioneers in our commitment to the latest sustainability approaches. The EPD signifies our dedication to environmental responsibility throughout our product lifecycle by measuring our product footprint from cradle to gate,” said the company in a statement. “We are ... |
Misr Beni Suef Cement announces return to profitability in 202312 March 2024, Published under Cement NewsOn 7 March 2024, Misr Beni Suef Cement Company SAE (MBSC) reported that it made a net profit of EGP369.102m (US$7.520m) after tax in 2023. This comes after they reported net losses of EGP145.945m in 2022. In 2022 the company reported sales of EGP1.844bn. Over the same period in 2023, MBSC’s sales grew to EGP2.023bn. The company’s return to profitability, following a year of net losses, could be attributed to its 9.7 per cent sales growth in 2023. MBSC is an Egypt-based cement produce... |
Arabian Cement Company sees profits surge in 202307 March 2024, Published under Cement NewsEgypt's Arabian Cement Company has reported net sales of EGP5.93bn (US$119.67m) in the year ended 31 December 2023, up from EGP4.55bn in the same period in the previous year. Gross profit advanced from EGP904.85m in 2022 to EGP1.33bn the following year. Net profit for the year after tax improved from EGP342.5m to EGP688m over the same timeframe, while earnings per share increased from EGP0.89 to EGP1.79. The company currently has a cement production capacity of 5Mta and a clinker ca... |
Morocco’s cement deliveries expand by 9% in February06 March 2024, Published under Cement NewsCement deliveries by members of Morocco’s cement association, APC ( Asment Temara , Ciments de l’Atlas , Ciments du Maroc, LafargeHolcim Maroc and Novacim ) increased by 8.5 per cent YoY to 1,076,538t in February 2024 from 991,906t in February 2023, according to he Ministry of National Territory Planning, Land Planning, Housing and Urban Policy. Of this total, deliveries to the retail sector edged up by 2.6 per cent YoY to 624,585t from 608,702t in February 2023. Sales to the ready-mi... |
LafargeHolcim Maroc posts 3% pick-up in revenue05 March 2024, Published under Cement NewsLafargeHolcim Maroc reported a revenue of MAD8212m (US$816.2m) in 2023, up 2.8 per cent YoY from MAD7975m in 2022. The advance is attributed to higher cement sales and increased clinker exports. In the 4Q23 alone, revenue was up 2.3 per cent YoY due to higher cement sales in the domestic market. LafargeHolcim Maroc decreased its net debt by 11.3 per cent to MAD4864m at the end of 2023 from MAD5486m at the end of 2022. |