Cement News tagged under: North Africa
Egyptian cement exports decline by 32% Jan-May 202002 July 2020, Published under Cement NewsEgyptian cement exports declined by roughly 32 per cent during the first five months of 2020 to US$47m, compared to US$68m during the same period in 2019. Egypt exported cement in the 5M20 to about 51 countries, including 18 countries who had not imported Egyptian cement in the same quarter in 2019, reports Egypt Today. |
Tourah Portland Cement sees loss widen in 1Q2029 June 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has seen its net loss widen to EGP64.9m (US$4m) in the first quarter of 2020, compared to EGP50.9m in the 1Q19. The company also reported an 82.8 per cent YoY decline in sales to EGP50m from EGP290.8m. |
National Cement Co reopens Souq Al-Khamis factory29 June 2020, Published under Cement NewsLibya’s Economic and Social Development Fund has announced National Cement Co will be resuming production at its Souq Al-Khamis factory. The fund said security conditions in the region, which saw intensive fighting during the aggression on Tripoli, have improved since the cessation of military operations and the defeat of the Haftar militias in southern Tripoli. Therefore, the 1Mta plant will be able to operate once again. |
Suez Cement sees 27% fall in revenue29 June 2020, Published under Cement NewsEgypt’s Suez Cement has posted an EGP389.65m (US$24.07m) net loss in its consolidated results for the 1Q20, compared to an EGP213.07m profit in the first quarter of 2019. The company’s revenue also fell 26.5 per cent YoY to EGP1.33bn from EGP1.81bn. Suez Cement’s standalone results saw its net loss widen to EGP193.84m in the January-March 2020 period, against EGP95.16m in the 1Q19. |
Carthage Cement begins exporting cement to Italy22 June 2020, Published under Cement NewsTunisia’s Carthage Cement launched its first export shipment of 4100t of EC-certified Portland cement to Italy last Friday. The dispatch is reportedly part of a larger contract to supply 250,000t of cement and clinker to Europe. "Our company has got a certification of the products in compliance with the requirements of the European standards, which has helped us be the first to enter the European market and we intend to remain there," indicated Brahim Sanaa, CEO, Carthage Cement. |
Sinai Cement sees net losses widen in 1Q2016 June 2020, Published under Cement NewsEgypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period of last year. However, the company’s net sales increased 5.3 per cent YoY to EGP211.73m from EGP201.08m in the 1Q19. |
Arabian Cement reports 153% surge in profit to EGP15.9m15 June 2020, Published under Cement NewsEgypt’s Arabian Cement Co has reported a 153 per cent YoY surge in consolidated net profit for the first quarter of 2020, rising to EGP15.91m (US$983,519) from EGP6.3m in the 1Q19. Standalone net profit saw an even larger increase to EGP16.3m from EGP4.23m. |
Qena Cement's 1Q20 cement sales surge to EGP47m10 June 2020, Published under Cement NewsQena Cement reports net profits surged to EGP47m (US$2.9m) in the 1Q20, compared to EGP12m for the same period of the preceding year. Standalone net sales revenues grew by 5.5 per cent in the quarter, while net debt shrank by 20 per cent, falling from EGP607m to EGP485m, compared to 1Q19. The group has successfully increased its consolidated net sales revenues by 2.6 per cent, marking EGP816m in the 1Q20, versus EGP795m for the same period of the preceding year. Net sales revenues climbed t... |
Solar power plant approved for Arabian Cement08 June 2020, Published under Cement NewsThe Egyptian Electricity Utilities Regulatory and Consumer Protection Agency (EgyptERA) has approved the construction of a 7.5MW solar power plant for Arabian Cement Co. The approval request was submitted by SolarizEgypt, following an agreement signed with Arabian Cement more than a year ago. SolarizEgypt will construct the solar power plant on an area of approximately 96,000m² and sell the electricity to the cement company for a period of 25 years under a BOOT (Build Own Operate Trans... |
African cement escapes the pandemic; structural issues remain05 June 2020, Published under Cement NewsCemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika SA, covered several areas of concern from the impact of the COVID-19 pandemic on economies and cement demand to overcapacity and competition issues, while also providing a long-term outlook for the continent. Thomas Armstrong, Managing Editor of International Cement Review, opened the webinar with an overview of the ... |