Cement News tagged under: North Africa
Egyptian promise01 February 2021, Published under Cement NewsLafarge Egypt is among the leading companies in the domestic building materials sector with a long-standing history in the country. Despite current market headwinds and the impact of COVID-19, Solomon Baumgartner-Aviles, the newly-appointed CEO of Lafarge Egypt, explains why the country holds much promise for the group globally and the MEA region, and outlines strategies for overcoming challenges. By Lafarge Egypt, Egypt. Lafarge Egypt provides an insight into the effects of the COVID... |
Carthage Cement posts 1% revenue rise in 4Q2022 January 2021, Published under Cement NewsTunisia-based Carthage Cement has reported a 22 per cent rise in its revenues in the fourth quarter of 2020. Domestic sales were up 19 per cent YoY. Clinker export sales recovered to reach TND3.5m (US$1.3m) while cement exports brought in revenues of TND3.2m. Clinker production reached 0.56Mt in the 4Q20, up 53 per cent when compared with the 4Q19. Full-year 2020 The company posted a 1.4 per cent YoY rise in total revenues to TND253m in 2020. Domestic sales advanced nine per cent YoY, e... |
Cement demand slips 1% in Morocco in December08 January 2021, Published under Cement NewsCement demand in Morocco declined 0.8 per cent YoY to 1.18Mt in December 2020, according to the Ministry of Housing and Urbanism. Deliveries to the infrastructure segment increased 7.3 per cent YoY to 102,520t in December 2020, but offtake to the ready-mix concrete segment fell by 4.8 per cent YoY to 202,802t. Building deliveries were down 2.4 per cent to 55,486t while the prefabricated segment slipped 0.9 per cent to 102,520t. Retail sales remained largely stable at 764,211t. Full-year ... |
Suez Cement receives approval to delist from EGX31 December 2020, Published under Cement NewsThe Egyptian Exchange’s (EGX) listing committee has approved the voluntary delisting of Suez Cement Group from the EGX, according to a disclosure. Suez Cement's capital amounts to EGP909.28m (US$57.74m) distributed on more than 181.8m shares. The company purchased the shares of dissenting shareholders at EGP7.50 each. |
Al Karama announces prequalifiers for Carthage Cement24 December 2020, Published under Cement NewsAl Karama Holding has published the list of prequalified candidates in the sale of the majority stake of Tunisia-based Carthage Cement. It includes domestic companies such as Madja Tunisia SA, Les Ciments Artificiels Tunisiens SA and Société des Ciments de Gabès SA as well as overseas cement producers such as SECIL (Portugal), Cemolins International SLU (Spain), and the consortium of M Boureima Ouedraogo (Burkina Faso) and Petrolcem srl (Italy). Al Karama Holding launched a call for expr... |
Moroccan cement demand up 7% in November14 December 2020, Published under Cement NewsCement sales in Morocco increased 6.7 per cent YoY to 1,107,370t in November 2020 from 1,038,250t in November 2019, according to the Ministry of National Land Use, Urbanisation and Housing. Sales in the key retail segment advanced 9.3 per cent YoY to 745,592t while the ready-mix concrete sector saw a 2.2 per cent drop in offtake. The building and infrastructure markets saw an increase of 13.2 and 11.9 per cent, respectively to 46,473t and 44,893t. The prefabricated segment slipped by 0.5 p... |
South Valley Cement reports contraction in net loss02 December 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The company had also reported a contraction in its net loss for the first half of 2020. |
Metallurgical Industries sells 6.4m shares in Tourah Portland Cement30 November 2020, Published under Cement NewsEgypt’s Metallurgical Industries Holding has reportedly sold 6.4m shares in Tourah Portland Cement. The share sale has a value of EGP45.7m (US$2.91m). Tourah Portland also reported a net loss in its 3Q20 results last week. |
ASEC signs O&M contract with Al-Takamol Cement26 November 2020, Published under Cement NewsArab Swiss Engineering Co (ASEC) has signed a signing a 3-year contract for the operation and maintenance of Al-Takamol Cement’s 1.6Mta facility, located north of Khartoum city, Sudan. In 2009 ASEC and Al-Takamol signed the first operation and maintenance agreement for the plant and ASEC was entrusted with its technical management until 2011, when the plant shifted to self-operation. "Resuming the collaboration with Al-Takamol Cement Co is a testament of the cherished trust our customer... |
GICA to export clinker to Dominican Republic and Haiti25 November 2020, Published under Cement NewsGICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will also ship 60,000t of clinker to Côte d’Ivoire from the Hadjar Soud plant in Skikda. Since the start of 2020 close to 2Mt of clinker has been exported, including 300,000t to the Latin American market. In the last two years, GICA has entered the African markets of Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, ... |