Cement News tagged under: North Africa
Moroccan cement sales fall 50% in May05 June 2020, Published under Cement NewsMorocco’s cement market contracted 50.6 per cent in May with 523,848t of cement delivered to domestic customers, according to APC, the country’s cement association. In May 2019 deliveries by APC members (Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc) reached 1,060,372. In the first five months of 2020 deliveries declined by 26 per cent to 4,342,865t when compared with 5,868,225t in the 5M19. Ciments du Maroc saw sales decline by 9.8 per cent YoY in the 1Q20 w... |
Al Karama restarts Carthage Cement share sale01 June 2020, Published under Cement NewsFollowing a forced break due to the coronavirus pandemic, Al Karama Holding, restarts the process to divest a stake in Carthage Cement to a strategic investor who is able to lead and develop the Tunisian cement producer. The stake of shares up for sale at least 58.2 per cent, according to Il Boursa, a significant step-up from the 50.52 per cent initially up for offer when the company gauged interest on 15 December 2017. However, the final stake sold may be as high as 78 per cent. Interes... |
Ciments du Maroc sees turnover down 10% in 1Q2022 May 2020, Published under Cement NewsCiments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market. The company’s turnover declined 9.8 per cent YoY to MAD869m. Investments in the 1Q20 reached MAD14.8m, up 43.4 per cent when compared with the 1Q19. |
Ciments de Bizerte sees turnover rise in 1Q2018 May 2020, Published under Cement NewsTunisia’s Ciments de Bizerte has seen an 18.7 per cent rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turnover from exports also increased as dispatches to Libya resumed during the first quarter, according to the African Manager. However, the company suspended production and sales when the general lockdown was announced. Therefore, the overall turnover until 23 March reached TND24.9m. Elsewhere, clinker production gr... |
Beni Suef Cement sees 101% surge in net profit18 May 2020, Published under Cement NewsEgypt’s Misr Beni Suef Cement has reported a 101 per cent YoY increase in net profit to EGP59.37m (US$3.77m) in the first quarter of 2020, compared to EGP29.53m in the corresponding period of last year. However, sales declined 7.1 per cent YoY to EGP404.96m from EGP435.97m. |
Egyptian cement demand falls almost 10% in April15 May 2020, Published under Cement NewsThe Egyptian cement industry's sales volumes for April, excluding exports, dropped 9.7 per cent MoM and 13.4 per cent YoY. Moreover, local sales witnessed almost the same level of drop of 9.2 per cent MoM and 12.6 per cent YoY, respectively. The cement demand fell during April and May as construction activity slowed, impacted by the ongoing coronavirus containment measures and Ramadan. Egypt's cement industry has for some time been struggling with a supply glut of more than 40 per cent, wh... |
Alexandria Portland Cement sees net loss contract in 1Q2014 May 2020, Published under Cement NewsEgypt’s Alexandria Portland Cement has seen its consolidated net loss contract 54 per cent YoY to EGP35.82m (US$2.27m) in the first quarter of 2020, compared to a loss of EGP77.58m in the year-ago period. Company revenues saw a minor fall in revenue to EGP575.1m from EGP581.3m. As for its standalone business, net losses widened to EGP28.57m from EGP27.73m in the 1Q19. |
North Africa in focus10 February 2020, Published under Cement NewsNorth Africa is experiencing a turbulent political and economic period. Meanwhile the region seeks to increase the pace of development with cement consumption reaching 100Mt in 2018. Domestically, surplus capacity has translated into a more competitive environment, with many producers increasingly turning to the export market. Morocco is seeing higher levels of domestic demand, but with new capacity on the way there is pressure to export surplus volumes. Pictured: Ciments du Maroc’... |
When the going gets tough06 February 2019, Published under Cement NewsThe north African cement sector is facing a challenging time as declining demand has put into perspective the current overcapacity in the industry. With most of the region affected, export options are limited. Higher energy costs have also brought further challenges in some countries. By Kais Kriaa and Fatma Charfi, Alpha Mena, Tunisia. With production capacity tipped to reach 30Mta in 2019, Algeria’s cement industry has been transformed and has now become a net exporter of cement.... |
Carthage Cement records 29% increase in turnover26 October 2018, Published under Cement NewsTunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period. |