Cement News tagged under: North Africa
Misr Cement (Qena) announces 168% surge in profit15 November 2021, Published under Cement NewsEgypt’s Misr Cement (Qena) has reported a 168 per cent YoY surge in consolidated net profit during the first nine months of 2021, reaching EGP107.4m (US$6.84m) from EGP40.11m in the comparable period of 2020. Standalone net profit also advanced 78.9 per cent to EGP80.77m against EGP45.15m in the 9M20. |
Arabian Cement Co announces contraction in net loss15 November 2021, Published under Cement NewsEgypt’s Arabian Cement Co has announced a consolidated net loss of EGP23.21m (US$1.48m) during the first nine months of 2021, an improvement from the EGP39.77m net loss seen in the 9M20. The standalone net loss reached -EGP24.53m against -EGP38.25m in the January-September 2020 period. |
Lafarge Algeria hits 2Mt export record03 November 2021, Published under Cement NewsLafarge Algeria, part of the Holcim group, has exported 2Mta of cement and clinker for the first time, according to a company press release. The company achieved the volume less than five years after the start of cement exports from Algeria. The 2Mta volume represents a considerable increase from the 1.2Mt of exports achieved in 2020 and puts the company firmly on the way to its 2.5Mt target by the end of this year. In 2022 the cement producer aims to export 2.6Mt. This symbolic bar of 2... |
Carthage Cement sees 39% hike in 9M revenue15 October 2021, Published under Cement NewsTunisia-based Carthage Cement saw its revenue in the 9M21 jump by 39 per cent YoY to TND239.2m (US$85.4m), according to ilBoursa. The company has attributed the increase to a surge of cement and clinker exports, which advanced from TND2.2m to TND32.9m. Domestic sales reached TND185.6m at the end of September 2021, up 22 per cent when compared with sales of TND151.8m at the end of September 2020. The increase is due to the restarting of building activities after the impact of COVID-19 in ... |
Morocco’s cement market expands 12% in September07 October 2021, Published under Cement NewsMoroccan cement deliveries by member companies have advanced by 12.4 per cent YoY to 1,395,542t in September 2021 from 1,241,374t in September 2020, according to the Moroccan cement association, APC. In the first nine months of 2021 dispatch volumes were up 18.3 per cent YoY to 10,236,566t from 8,653,221t in the January-September 2020 period. |
Algeria’s SSCB exported 25,000t of cement in 9M2101 October 2021, Published under Cement NewsSociété Saoura Ciment de Béchar (SSCB), part of Algeria-based GICA, exported 25,000t of cement to African countries such as Mali, Niger and Mauritania since the start of the year. Mauritania has accounted for 60 per cent of SSCB’s exports. The shipments are example of the shift in cement trading following the government’s extensive investment in production capacity, turning Algeria from a net importer to a net exporter since 2018. In 2020 cement exports reached 3.6Mt with expectations for... |
Carthage Cement lowers cement price15 September 2021, Published under Cement NewsTunisia-based Carthage Cement announced it will lower its wholesale prices for cement to TND150 (US$53.81) per 30t truck for two months. The decision will come into effect from 13 September 2021. The company said the step follows the advice of the National Chamber of Cement Producers after meeting with senior officials from the Ministries of Trade and Industry. |
New plant to be constructed in Libya13 September 2021, Published under Cement NewsLibya’s National Mining Corp and Al-Shahba Cement Co have signed an agreement to construct a 1Mta cement works in Al-Shahba, south of Tobruk. The Minister of Industry and Minerals, Ahmed Abuhisa, laid the foundation stone for the establishment of the cement factory on Thursday. |
Morocco’s cement deliveries expand 31% in August08 September 2021, Published under Cement NewsCement deliveries by Moroccan cement producers Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc advanced 31.1 per cent YoY to 1,132,899t from 864,441t in August 2020, according to Ipsos data published by the country’s Ministry for Housing and Urbanisation. In the first eight months of 2021 deliveries were up 19.3 per cent to 8,841,024t from 7,411,847t in the January-August 2020 period. |
LafargeHolcim Maroc sees 66% rise in 2Q revenue31 August 2021, Published under Cement NewsLafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June 2021. |