Cement News tagged under: North Africa
Carthage Cement reports 5% fall in 1H net profit09 September 2022, Published under Cement NewsTunisia-based Carthage Cement posted a five per cent drop in net profit to TND15.3m (US$4.8m) in the 1H22 when compared with TND16.1m in the 1H21. Revenues in the January-June 2022 period advanced three per cent to TND168.6m from TND163.8m in the year-ago period. Operating expenses increased by three per cent YoY from TND133.6m to TND138.4m in the 1H22. As a result, the company’s operating profit contracted by 5.5 per cent to TND36.6m while in the year-ago period it had reached TND38.7m... |
Ciment du Maroc reports 5% rise in turnover30 August 2022, Published under Cement NewsHeidelbergCement Group -owned Ciments du Maroc posted a five per cent increase in turnover to MAD1.8bn (US$170.7m) in the 2Q22 from MAD1.7bn in the 2Q21. In addition, the company increased its investments by 195 per cent YoY to MAD160m as a result of the construction of its 0.7Mta Nador plant in northern Morocco. The facility is expected to come on-stream in the 3Q22. |
July deliveries drop 30% in Morocco24 August 2022, Published under Cement NewsCement deliveries by members of Morocco’s cement association, AFCP, declined by 29.8 per cent in July 2022 to 630,479t from 898,429t in July 2021, according to Ipsos. The data is the aggregate delivery volume of Asment Temera, Cements de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. In the first seven months of 2022, cement deliveries by APC members fell 7.4 per cent YoY to 7.137Mt from 7.708Mt in the 7M21. |
Misr Qena Cement Co records 24% profit rise in 1H2218 August 2022, Published under Cement NewsThe consolidated financial statements of Misr Qena Cement Co revealed an increase in the company's profits by 24 per cent during the first half of this year. The company achieved a net profit of EGP85.69m (US$4.5m) during the period from January to the end of June 2022, compared to EGP69.1m in the same period last year. Misr Qena Cement recorded sales during the 1H22 of EGP1.29bn, compared to EGP1.28bn in the same period last year. The company recorded a net profit of EGP80.85m from ... |
Arabian Cement sees revenue and profit surge in 1H2216 August 2022, Published under Cement NewsArabian Cement has reported revenue of EGP2.129bn (US$111.2m) in the first half of 2022, significantly up from the EGP964.9m seen in the same period a year earlier. Consolidated profit also surged, improving from a net loss of EGP23.28m in the 1H21 to a profit of EGP119.49m in the opening six months of this year, according to Mist News. |
CBMI Engineering wins Algerian silo order09 August 2022, Published under Cement NewsCBMI Engineering (Sinoma group) has signed a contract was signed with Lafarge Algeria (Holcim group) for the construction of cement storage silos at the Oggaz cement plant . The new cement silos will have a cement capacity of 2 x 4800t. |
Ragland Cement plant inaugurates new 1.65Mta line22 July 2022, Published under Cement NewsNational Cement Co 's Ragland cement plant, in Alabama, USA, has completed a two-year, US$300m project to install a new production line with alternative fuels. The key component of the production line is a rotary kiln that replaces coal with various fuels such as recycled wood chips, saw dust from area furniture and cabinet manufacturers, and tyre-derived fuels (TDF) composed of shredded scrap tyres. Guy Sidos, chairman and CEO of the Vicat Group , notes : “It is our fervent a... |
Ethiopia – today and tomorrow19 July 2022, Published under Cement NewsEthiopian cement demand has been relatively stagnant in recent years as the industry has faced challenges including low purchasing power and production constraints. Increased consumption during the pandemic years has been a silver lining and there is potential for further growth, but the biggest task ahead is keeping output in tune with demand. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India. While the Ethiopian cement market has been relatively stagnant, the future looks more prom... |
CEMEX to clean Nile River15 July 2022, Published under Cement NewsCEMEX has signed a three-year agreement to support waste removal efforts in Egypt’s Nile River. Some of the waste will be used as a more sustainable alternative to fossil fuels at CEMEX’s Assiut cement plant. CEMEX will be collaborating with VeryNile, an initiative supported by the Ministry of the Environment in Egypt that develops eco-friendly solutions to remove inorganic waste from the Nile River. The company will provide financial support to double the amount of waste collected... |
Morocco’s cement deliveries see 10% drop in June05 July 2022, Published under Cement NewsCement deliveries by APC members in Morocco declined 9.8 per cent to 1,229,636t in June 2022 when compared with June 2021, when deliveries reached 1,363,579t, according to Ipsos. Deliveries in the first six months of 2022 saw a drop of 4.7 per cent to 6,505,973t from 6,809,696t in the 6M21. APC members are Asment Temara, Ciments de l’Atlas, Ciments du Maroc, LafargeHolcim Maroc. |