Carthage sees strong rise in 1Q turnover

Tunisia’s Carthage Cement saw its turnover increase 337 per cent YoY to TND41.945m (US$26.53m) in 1Q14. However, its aggregates business saw sales fall 34 per cent following a three-week stoppage. The production level was affected by 22 days of social unrest in the Mornag region that prevented Carthage Cement workers to go to work, according to the management.

The company’s ready-mix sales expanded by 10 per cent despite the lower deliveries of gravel from the quarry, which were also affected by the halt in operations.

Carthage produced 136,083t of cement from 234,084t of clinker in 1Q14. Clinker sales reached TND16.778m and cement sales TND17.097m with 3.952m for export.