Cement News tagged under: north Africa
Suez Cement receives approval to delist from EGX31 December 2020, Published under Cement NewsThe Egyptian Exchange’s (EGX) listing committee has approved the voluntary delisting of Suez Cement Group from the EGX, according to a disclosure. Suez Cement's capital amounts to EGP909.28m (US$57.74m) distributed on more than 181.8m shares. The company purchased the shares of dissenting shareholders at EGP7.50 each. |
Al Karama announces prequalifiers for Carthage Cement24 December 2020, Published under Cement NewsAl Karama Holding has published the list of prequalified candidates in the sale of the majority stake of Tunisia-based Carthage Cement. It includes domestic companies such as Madja Tunisia SA, Les Ciments Artificiels Tunisiens SA and Société des Ciments de Gabès SA as well as overseas cement producers such as SECIL (Portugal), Cemolins International SLU (Spain), and the consortium of M Boureima Ouedraogo (Burkina Faso) and Petrolcem srl (Italy). Al Karama Holding launched a call for expr... |
Moroccan cement demand up 7% in November14 December 2020, Published under Cement NewsCement sales in Morocco increased 6.7 per cent YoY to 1,107,370t in November 2020 from 1,038,250t in November 2019, according to the Ministry of National Land Use, Urbanisation and Housing. Sales in the key retail segment advanced 9.3 per cent YoY to 745,592t while the ready-mix concrete sector saw a 2.2 per cent drop in offtake. The building and infrastructure markets saw an increase of 13.2 and 11.9 per cent, respectively to 46,473t and 44,893t. The prefabricated segment slipped by 0.5 p... |
South Valley Cement reports contraction in net loss02 December 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The company had also reported a contraction in its net loss for the first half of 2020. |
Metallurgical Industries sells 6.4m shares in Tourah Portland Cement30 November 2020, Published under Cement NewsEgypt’s Metallurgical Industries Holding has reportedly sold 6.4m shares in Tourah Portland Cement. The share sale has a value of EGP45.7m (US$2.91m). Tourah Portland also reported a net loss in its 3Q20 results last week. |
ASEC signs O&M contract with Al-Takamol Cement26 November 2020, Published under Cement NewsArab Swiss Engineering Co (ASEC) has signed a signing a 3-year contract for the operation and maintenance of Al-Takamol Cement’s 1.6Mta facility, located north of Khartoum city, Sudan. In 2009 ASEC and Al-Takamol signed the first operation and maintenance agreement for the plant and ASEC was entrusted with its technical management until 2011, when the plant shifted to self-operation. "Resuming the collaboration with Al-Takamol Cement Co is a testament of the cherished trust our customer... |
GICA to export clinker to Dominican Republic and Haiti25 November 2020, Published under Cement NewsGICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will also ship 60,000t of clinker to Côte d’Ivoire from the Hadjar Soud plant in Skikda. Since the start of 2020 close to 2Mt of clinker has been exported, including 300,000t to the Latin American market. In the last two years, GICA has entered the African markets of Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, ... |
Tourah Portland Cement reports 10% decline in net sales24 November 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has reported a net loss of EGP56.7m (US$3.62m) in the third quarter of 2020, compared to a net loss of EGP55.3m in the year-ago period. Net sales declined 9.8 per cent YoY to EGP13.8m from EGP15.3m in the 3Q19. |
Suez Cement sees net loss widen in 9M2023 November 2020, Published under Cement NewsEgypt’s Suez Cement has posted a consolidated net loss of EGP888.9m (US$56.79m) in the first nine months of 2020, widening from an EGP521.4m loss in the year-ago period. The company’s sales also declined 21.8 per cent YoY to EGP3.84bn from EGP4.91bn. In its standalone business, net losses contracted to EGP587.2m from EGP736.77m in the 9M19. Elsewhere, the Egyptian Stock Exchange has announced the execution of HeidelbergCement France’s mandatory takeover offer (MTO) for Suez Cement’s share... |
Beni Saf starts clinker exports to Mauritania23 November 2020, Published under Cement NewsGICA-owned Beni Saf Cement in Algeria started exports of clinker with a 13,000t shipment from the port of Ghazaouet to Mauritania on 18 November 2020. The company’s exports are in line with the government’s policy of promoting the country’s non-hydrocarbon exports. GICA has exported to Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, Mauritania and Senegal. |