The Italcementi subsidiary Suez Cement reported a 4.3% reduction in its cement sales during the first nine months, but including its domestic subsidiaries the reduction was a more substantial 11.6%. The turnover decreased by 19.8% in local currency to EGP3758m (US$628.8m), as both volumes and prices declined. The net profit for the period fell by 43% to EGP517m. Suez Cement is investing €140m in a 1200MW wind farm project that should go on-stream towards the end of 2013.
Ciments du Maroc has officially opened a wind farm project that is aimed at supplying 80% of the energy requirements of its Laayoune grinding centre, with an annual output of 16GWh. The company is also investing in other wind energy projects to cover some of its energy requirements.