Cement News tagged under: Tunisia
Tunisia: poised for growth22 November 2024, Published under Cement NewsTunisia’s cement market has fallen to the lowest level in over two decades, while the industry’s overcapacity is now idling at 50 per cent, supported by significant exports to Libya and Europe. The recent arrival of Chinese cement producers provides a glimmer of hope as infrastructure projects are expected to pick up pace. By Peter Bell, ICR Research, UK Chronic overcapacity of cement in Tunisia has seen producers struggle to make profits in recent years (© Les Ciments Artificie... |
Ciments de Bizerte sees 66% drop in 9M revenues12 November 2024, Published under Cement NewsCiments de Bizerte reported a 77.4 per cent YoY drop in turnover to TND5.271m (US$1.69m) in the 3Q24. The fall has been attributed to the suspension of clinker production in the entire quarter due to the lack of petcoke and cement production was down 81.7 per cent YoY to 16,796t. Clinker was imported or purchased locally. As a result, revenues in the first nine months of the year were down 65.6 per cent YoY to TND25.558m. Production is expected to resume in the fourth quarter, ac... |
Les Ciments de Bizerte posts 59% drop in 1H revenue24 September 2024, Published under Cement NewsLes Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21.43m while financial expenses declined by 22.5 per cent to reach TND5.93m in the 1H24. "Given the s... |
Carthage Cement reports positive 1H24 results30 July 2024, Published under Cement NewsThe Tunisia-based Carthage Cement accelerated its growth rate in the second quarter of this year compared to the first, said the company in a statement. This positive growth dynamic led to a turnover of TND212m (US$68.19m) as of 30 June 2024, up two per cent from the same period in 2023. At the end of 1H24, Carthage Cement’s total revenue from cement operations reached TND196m, compared to TND190m on 30 June 2023, marking an increase of 3.5 per cent. This is the result of a 10 per cent ... |
Votorantim Cimentos divests business in Tunisia29 July 2024, Published under Cement NewsOn 26 July Votorantim Cimentos signed an agreement for the full sale of its Tunisian assets to Sinoma Cement Co Ltd, a China-based building materials enterprise. The sale includes the effective transfer of Votorantim’s assets in the country and financial liquidation and is subject to the fulfilment of standard transaction conditions. These include approval by regulatory authorities in China, Tunisia and the Common Market for Eastern and Southern Africa. Further details of the divestment... |
Ciments de Bizerte posts 53% turnover drop in 1Q24 due to lack of petcoke17 May 2024, Published under Cement NewsTunisia-based Les Ciments de Bizerte saw a 52.6 per cent drop in turnover to TND12.262m (US$3.9m) in the first quarter of 2024 from TND25.858m. The drop in turnover was due to the halt in clinker production during the quarter. The company suspended clinker production in the 1Q24 due to a lack of petcoke following financial challenges that prevented the company from importing the kiln's sole fuel. In the period leading up to 31 March, 50,588t of cement was produced, down 53.7 per cent YoY.... |
Ciments de Bizerte reports 24% drop in revenue in 202306 February 2024, Published under Cement NewsTunisia-based Ciments de Bizerte reported a 23.7 per cent decline in revenue to TND94.4m (US$30.14m) in 2023 when compared with the previous year, according to data from the Tunis Stock Exchange. Cement sales volumes were down 10 per cent YoY. Domestic turnover fell by 16.5 per cent YoY to TND93.9m with cement and lime sales of 4.978Mt. The fall in domestic demand was attributed to the recession in the construction market as real estate prices increased and there was an absence of infras... |
Carthage Cement reports record turnover23 January 2024, Published under Cement NewsTunisia-based Carthage Cement closed 2023 with a turnover of TND431m (US$138.7m), up 18 per cent when compared with the company’s turnover in 2022, driven by its cement and aggregate business. Domestic turnover increased 22 per cent to TND339m in 2023 from TND278m in 2022. Export turnover was stable at TND57m. Aggregate sales increased 27 per cent YoY from TND17.6m to TND22.4m in 2023. Concrete sales fell by 11 per cent YoY to TND12.7m from TND14.3m. The company invested TND30.5m and ... |
Ciments de Bizerte sees 21% drop in 2Q sales revenue11 August 2023, Published under Cement NewsTunisia-based Société Les Ciments de Bizerte reported a 20.9 per cent fall in total sales to TND24,494,717 (US$7.011m) in the second quarter of 2023 from TND30,961,761 in the 2Q22. All sales were within Tunisia due to a halt in exports due to a lack of competitiveness following a surge in energy costs. Compared with the 2Q22, domestic revenues were down 6.9 per cent from TND26,310,909, following a 19.5 per cent drop in sales across the board (cement, clinker and lime) in the 2Q23. Cement ... |
Carthage Cement advances 1H turnover by 24%18 July 2023, Published under Cement NewsTunisia-based Carthage Cement increased its turnover by 24 per cent YoY to TND208.546m (US$68.92m) in the first half of 2023, according to information on the Tunis Stock Exchange. The improvement of the company’s results is attributed to a jump in 1H cement sales with local sales increasing by 25 per cent YoY to TND158.822m and exports by 19 per cent to TND31.284m. In addition, the company’s aggregate sales advanced by 38 per cent YoY to TND11.227m. |