Cement News tagged under: North Africa
Misr Cement Qena reports 9M24 net profits of EGP51m21 November 2024, Published under Cement NewsMisr Cement Qena posted higher consolidated net profits after tax at EGP51.03m (US$1.03m) in the first 9M24, compared to EGP21.75m in 9M23. The revenues reached EGP4.1bn as of 30 September 2024, up from EGP2.83bn in 9M23, according to the consolidated statements. Financials for 3Q24 In the 3Q24 Misr Cement turned profitable at EGP34.10m, compared to net losses valued at EGP41.93m in 3Q23. During the three-month period that ended on 30 September 2024, the sales increased YoY to EGP1.80... |
Ciments de Bizerte sees 66% drop in 9M revenues12 November 2024, Published under Cement NewsCiments de Bizerte reported a 77.4 per cent YoY drop in turnover to TND5.271m (US$1.69m) in the 3Q24. The fall has been attributed to the suspension of clinker production in the entire quarter due to the lack of petcoke and cement production was down 81.7 per cent YoY to 16,796t. Clinker was imported or purchased locally. As a result, revenues in the first nine months of the year were down 65.6 per cent YoY to TND25.558m. Production is expected to resume in the fourth quarter, ac... |
Moroccan cement market expands by 20% in October06 November 2024, Published under Cement NewsCement deliveries by Asment Témara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc in Morocco increased by 19.8 per cent YoY to 1,302,671t in October 2024 when compared with 1,087,867t in October 2023, raccording to the country’s cement association, APC. In the January-October 2024 period, deliveries advanced by 8.2 per cent YoY to 11,121,112t when compared with 10,274,357t in the period between January-October 2023. |
Arabian Cement introduces hydrogen fuel at Ain Sokhna16 October 2024, Published under Cement NewsArabian Cement Co (ACC), a leading cement producer in Egypt, has embraced UTIS hydrogen technology in alignment with its decarbonisation plan. ACC has implemented UC3 ® technology at its Ain Sokhna plant in Egypt. This cutting-edge solution aims to significantly reduce CO 2 emissions, positioning ACC at the forefront of sustainability in the cement industry. It also complies with the most stringent international standards, as CBAM - Carbon Border Adjustment Mechanism demands. “UC3 ®... |
Heidelberg Materials increases share ownership of Asment de Témara14 October 2024, Published under Cement NewsHeidelberg Materials is strengthening its footprint in the Moroccan cement market by increasing its share ownership of Asment de Témara to 63 per cent and acquiring 100 per cent of Grabemaro, a supplier of aggregates, according to a recent press release. Dr Dominic von Achten, chairman of Heidelberg Materials, noted the significance of the expansion. “Our latest investment marks an important step in our ongoing portfolio optimisation, strengthening our core markets,” he said. The de... |
Morocco’s cement deliveries up 4% in September02 October 2024, Published under Cement NewsCement deliveries by Asment Témara , Ciments de l’Atlas , Ciments du Maroc , and LafargeHolcim Maroc in Morocco in September 2024 increased by 4.1 per cent YoY to 1,088,124t from 1,045,795t, according to the country’s cement association, APC. In the January-September 2024 period, cement sales by APC members advanced by 6.9 per cent YoY to 9.818Mt from 9.186Mt in the year-ago period. |
GICA to raise exports to 10Mta30 September 2024, Published under Cement NewsAlgeria's Groupe Industriel des Ciments d'Algérie ( GICA ) is setting ambitious targets to elevate its export capacity to 10Mt in the coming years, according to Dzair Tube. This initiative aligns with Algeria’s national strategy to diversify revenue sources beyond the hydrocarbon sector, reflecting the country’s broader economic vision for sustainable growth. The Ain Touta cement complex , a subsidiary of GICA, has marked a significant milestone in technological advancement, as highlight... |
SCIMAT exports 60,000t of clinker in YtD26 September 2024, Published under Cement NewsSociété des cements d'Ain Touta (SCIMAT), part of Group Industriel des Ciments d'Algérie (GICA), has exported 60,000t of clinker since the start of 2024, according to Maamar Bahloul, the company's CEO. The majority of the clinker shipments were delivered to Tunisia. Last year, the company exported 260,000t of clinker. SCIMAT intends to increase its exports, both in existing markets and new ones. |
Les Ciments de Bizerte posts 59% drop in 1H revenue24 September 2024, Published under Cement NewsLes Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21.43m while financial expenses declined by 22.5 per cent to reach TND5.93m in the 1H24. "Given the s... |
Ciments du Maroc acquires Asment Témara16 September 2024, Published under Cement NewsCiments du Maroc announced the signing of a strategic agreement for the acquisition of Asment de Témara . The step will enable Ciments du Maroc, part of Heidelberg Materials , to consolidate its national coverage and its sales of sustainable materials and solutions. It will expand its operations in northern Morocco in particular. The acquisition will include 62.62 per cent of Asment de Témara’s capital as well as 99.99 per cent of the capital of Grabemaro, a producer of aggregates, cur... |