Cement News tagged under: Tunisia
Bizerte sees 4% rise in turnover, but debt weighs23 January 2018, Published under Cement NewsTunisia-based Société Les Ciments de Bizerte improved its turnover by 3.7 per cent to TND63.7m when compared with TND61.4m in 2016. The company’s cement and lime deliveries increased by 3.2 per cent from 607,050t to 626,591t in 2017. Clinker production increased by just under seven per cent. Les Ciments de Bizerte expects to commission new quay facilities in the first quarter of 2018 to support the company’s export sales and the discharge of petcoke for its cement works. However, ... |
SOTACIB Feriana shutdown results in white cement shortage23 January 2018, Published under Cement NewsThe production stop at the Feriana white cement plant of Société Tuniso-Andalouse de Ciment Blanc (SOTACIB) on 26 December 2017 has led to a shortage of white cement in the Tunisian market. The Tunisian Organisation for Consumer Information (OTIC) has warned against imports to fill the gap between demand and supply, stating imports were likely to be 2-3 times more expensive. The company announced on 5 January 2018 the plant would be closed from 19 January 2018 for a period of six mont... |
Carthage Cement sale attracts foreign investors29 December 2017, Published under Cement NewsSale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notifi... |
Carthage Cement wins 350,000t clinker contract14 December 2017, Published under Cement NewsTunisia’s Carthage Cement has been awarded the contract for the export of 350,000t of clinker to sub-Saharan Africa with delivery in 2018. The order will allow the cement company to enter the sub-Saharan market and further develop its exports. |
Carthage Cement sees 11% fall in 3Q turnover01 November 2017, Published under Cement NewsTunisia’s Carthage Cement saw its turnover fall by 11 per cent YoY to TND132.4m (US$53.1m) in 3Q17 from TND149m in 3Q16. The company’s domestic sales remained stable at TND95.437m, leading to a market share of 19 per cent. In terms of export sales, revenues fell by 77 per cent in the 12 months to 30 September with some sales to Libya. However, the company has not been able to recover in terms of exports to Algeria. In 9M17 the company has invested TND9m with total debts at TND516.... |
Ciments de Bizerte doubles loss in 1H1725 September 2017, Published under Cement NewsTunisia-based Ciments de Bizerte saw its revenues fall to TND31,673m (US$12,923m) in 1H17 from TND34,564m. Its gross margin fell by TND2235m YoY and its operating income fell to TND1-545m, according to African Manager. At the end of June the company reported a loss of TND-16,613m from TND-8806m in 1H16. |
Carthage Cement reports 2% rise in 1H turnover02 August 2017, Published under Cement NewsTunisia-based Carthage Cement increased its cement turnover by two per cent to TND68.022m in the first half of 2017. Domestic market share advanced from 18.55 per cent in June 2016 to 19.41 per cent in June 2017. However, blocked sales to Algeria negatively impacted the results. The company’s ready-mix concrete arm saw its sales slip by two per cent and output by one per cent. Debt improved from TND513m at the end of 2016 to TND507m on 30 June 2017. |
Tunisia: Bizerte sees turnover up 7.5% but loss aggravates12 May 2017, Published under Cement NewsTunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year. Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with 2015 when turnover reached TND57.173. The company’s operating result saw a loss of TND14.577m, affected by net financial charges to the tune of TND14.577m in 2016, up from TND11.53m in 2015. The outstanding amount of bank loans reached TND53.891m against TND26.88m as at 31 D... |
Carthage Cement reports domestic sales up 8%25 April 2017, Published under Cement NewsTunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m. The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TND53.4m in the 1Q16. Carthage’s cement production fell by five per cent YoY while clinker product... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |