Cement News tagged under: north Africa
Private investor ups stake in Arabian Cement14 September 2022, Published under Cement NewsPrivate investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The deal was handled by Al Ahly Pharos and EFG Hermes Holding. The opening six months of 2022 saw ACC post revenue of EGP2.129bn (US$111.2m), significantly up from EGP964.9m in the same period a year earlier. Consolidated profit surged from a net loss of EGP23.28m to a profit of EGP119.49m over the same period. . |
Energy crisis - plant closure warning09 September 2022, Published under Cement NewsCEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures across the EU, creating a crisis in the construction supply chain.” Some EU member states have seen their electricity prices increase 10-fold compared to last year. According to CEMBUREAU, 1t of cement requires around 110kwh of electricity to produce. With electricity prices now between EUR700-1000mwh in several EU memb... |
Moroccan cement deliveries see 5% dip in August09 September 2022, Published under Cement NewsCement deliveries in Morocco declined 5.4 per cent to 1,071,990t in August 2022 when compared with August 2021, when 1,132,900t was dispatched, according to the country’s cement association, APC. The data includes shipments by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. In the first eight months of 2022, shipments reached 8,208,743t, a drop of 7.2 per cent when compared with 8,841,025t in the year-ago period. |
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... |