Cement News tagged under: North Africa
Moroccan market expands 19% in August04 September 2020, Published under Cement NewsCement consumption in Morocco increased 19.4 per cent YoY to 865,681t in August 2020 from 725,359t in August 2019, according to data published by the country’s Ministry of Urbanisation and Habitat. However, in the first eight months of 2020 demand fell by 15.8 per cent YoY from 8,883,681t in the 7M19 to 7,482,031t in January-August 2020. |
Algeria exports 6000t of cement to Lebanon02 September 2020, Published under Cement NewsA vessel with 6000t of cement left the port of Djen Djen, Algeria, yesterday, heading for Beirut, Lebanon. Minister of Industry, Ferhat Aït Ali, and Minister of Solidarity, Kaoutar Krikou, were present during the departure. In a statement to the press, the two ministers focused on "the spirit of solidarity which animates the Algerian people towards the brotherly Lebanese people in this difficult circumstance that this country is going through". According to the same declaration, other acti... |
Sinai Cement announces widening net loss in the 1H2028 August 2020, Published under Cement NewsEgypt’s Sinai Cement Co has seen its consolidated net loss widen to EGP247.6m (US$15.6m) in the first half of 2020, against EGP187.2m in the year-ago period. Its standalone net loss also expanded to EGP245.7m from EGP186.4m last year. The company attributed its losses in 2019 to the Egyptian pound devaluation on imported fuel, in addition to the higher prices of electricity and oil. |
Tunisian government authorises use of polypropylene bags for cement28 August 2020, Published under Cement NewsTunisia’s government approved the use of polypropylene for packaging cement, but the move has already drawn ire of the country’s environmentalists and the Tunisian Industrial Paper and Cardboard Co (Sotupapier). Sotupapier filed a complaint with the administrative tribunal on 21 August 2020 to challenge the decision taken by the Tunisian ministers of industry and trade. The company expects the step to increase plastic pollution through the production of at least 150m new polypropylene bags... |
Carthage Cement posts TND3.3m net profit at end July27 August 2020, Published under Cement NewsCarthage Cement posted a net profit of TND3.3m (US$1.2m) as of 31 July 2020, despite at two-month shutdown due to the COVID-19 pandemic. The stoppage led the company to lose nearly TND28.6m, according to company CEO, Brahim Sanaa. Mr Sanaa said that the company targets a net result of TND19.6m by the end of the year, reversing the TND51.3m loss posted in 2019. Carthage Cement carried out a capital increase from TND172,134,413 to TND343,624,940, reducing the company’s bank indebtness by ... |
Tunisia looks to change cement packaging and reduce costs20 August 2020, Published under Cement NewsSalah Ben Youssef, Tunisia’s Minister of Industry and Small- and Medium-sized Enterprises, has stated that by replacing 30 per cent of Kraft paper bags used in cement packaging with polypropylene bags, the equivalent of TND20m (US$7.37m) in foreign currency would be saved. "This will help Tunisia reposition itself on the Libyan market by bringing down the cost of cement bags and increasing the competitiveness of Tunisian products against the Turkish competitors," said Mr Youssef. The... |
Egyptian cement demand has fallen 20% since May19 August 2020, Published under Cement NewsSince Egypt's Ministry of Local Development (MLD) suspended building licences for six months in the governorates of Greater Cairo (Cairo-Giza-Qalyubia), Alexandria, and provincial capitals and major cities with high population densities in May, cement demand has dropped by 20 per cent. Ahmed Al-Zaini, Chairman of the Building Materials Division, Federation of Egyptian Chambers of Commerce (FEDCOC), confirmed that the cement sector had seen a 20 per cent depression in demand over the summer.... |
Misr Beni Suef Cement records 84% rise in profit18 August 2020, Published under Cement NewsEgypt’s Misr Beni Suef Cement Co has seen its profit rise 84 per cent YoY to EGP29.5m (US$1.85m) during the second quarter of 2020, against EGP16m in the 2Q19. The company also reported a 94 per cent increase in profit to EGP88.77m in the 1H20, compared to EGP45.66m in the corresponding period of 2019. However, revenue declined 52 per cent YoY to EGP216m. Cement sales, including exports, also fell 53 per cent YoY, which was attributed to the continued oversupply alongside the effects o... |
Two cement shipments set to arrive in Libya14 August 2020, Published under Cement NewsA ship transporting 4400t of bulk cement has arrived at Tobruk port, Libya, according to the country’s state news agency, LANA. Another shipment of around 3850t of cement is also expected to enter the port in the coming days. The Libya Herald also reported that domestic cement prices climbed to LYD75/t (US$53/t) at the start of August, compared to around LYD30/t in the same month of 2019. |
Misr Cement Co sees 330% surge in net profit12 August 2020, Published under Cement NewsEgypt’s Misr Cement Co (Qena) has reported a 330 per cent surge in consolidated net profit to EGP63.25m (US$3.96m) for the first half of 2020, against EGP14.69m in the 1H19. Standalone net profit also climbed to EGP42.16m from EGP8.1m, according to a statement filed on the Egyptian Stock Exchange. |