Cement News tagged under: Tunisia
New Carthage Cement tender to launch in June01 March 2019, Published under Cement NewsThree months following the announced lack of tender success for the sale of the shares held by the Tunisian state in the capital of Carthage Cement, a financial restructuring, including the transfer of a block of shares representing 50.52 per cent of the capital, is being implemented at the cement plant to launch a second call for tenders by June 2019, according to ilBoursa. To restore financial stability and encourage compliance with future banking commitments of the cement producer, Al Ka... |
Tunisian clinker exports surge in 201818 February 2019, Published under Cement NewsClinker exports in Tunisia increased 382 per cent to 1.5Mt in 2018 when compared with 311,000t in 2017, according to data published by the country’s Ministry of Industry and Small- and Medium-Sized Enterprises. Cement exports edged up by 3.7 per cent YoY to 273,000t in 2018. In terms of clinker production, output rose by 6.7 per cent YOY to 7.353Mt from 6.89Mt in 2017. Cement production remained stable at 7.3Mt when compared with 2017. Domestic market demand also remained level at 7Mt ... |
When the going gets tough06 February 2019, Published under Cement NewsThe north African cement sector is facing a challenging time as declining demand has put into perspective the current overcapacity in the industry. With most of the region affected, export options are limited. Higher energy costs have also brought further challenges in some countries. By Kais Kriaa and Fatma Charfi, Alpha Mena, Tunisia. With production capacity tipped to reach 30Mta in 2019, Algeria’s cement industry has been transformed and has now become a net exporter of cement.... |
Carthage Cement revenues up 37% in 201824 January 2019, Published under Cement NewsCarthage Cement reported a turnover of TND237.2m (US$79.6m) in 2018, an increase of 37 per cent when compared with a turnover of TND173m in 2017. Clinker output rose by 13 per cent YoY in 2018. Revenues from clinker exports reached TND47m in 2018, representing 20 per cent of the Tunisia-based company’s overall sales and more than off-setting the loss of cement exports due to Algerian government restrictions. In addition, the cement producer was also able to shave off three per cent of its... |
Potential investors in Carthage Cement seek improved conditions17 January 2019, Published under Cement NewsThe call for tenders for the sale of 50.52 per cent of Tunisia-based Carthage Cement attracted several investors, of which five prequalified and were asked to submit their financial offers by 7 December 2018. However, despite their clear interest, they were unable to submit a financial offer for acquisition, according to African Manager. While these investors have reiterated in writing their continued interest in reaching a deal, they have asked for an improvement in the conditions of th... |
Time to take a chance in Tunisia?14 January 2019, Published under Cement NewsThis week Tunisian-based United Cement Investor announced that it will build a new 1.5Mta integrated cement plant in Tataouine, Tunisia, with work starting in March this year. This will be the most southerly cement plant in the north African country, situated 120km from the coastal city of Gabes and about 300km from the Libyan capital of Tripoli. However, starting new plants in Tunisia is a hazardous affair. Carthage Cement In October 2018 Carthage Cement recorded a 29 per cent YoY ... |
Time to take a chance in Tunisia?11 January 2019, Published under Cement NewsThis week Tunisian-based United Cement Investor announced that it will build a new 1.5Mta integrated cement plant in Tataouine, Tunisia, with work starting in March this year. This will be the most southerly cement plant in the north African country, situated 120km from the coastal city of Gabes and about 300km from the Libyan capital of Tripoli. However, starting new plants in Tunisia is a hazardous affair. Carthage Cement In October 2018 Carthage Cement recorded a 29 per cent YoY ... |
Work to start on 1.5Mta cement plant in Tunisia10 January 2019, Published under Cement NewsUnited Cement Investor, a Tunisian company, is building a greenfield 1.5Mta cement plant in Tunisia. The plant will be situated in Bir Thlathin, south Tataouine, Tunisia and work is to begin on construction in March 2019. The new facility will create 419 direct jobs and 600 indirect jobs, but the French investors have so far only acquired 65 per cent of the land required. The plant is scheduled to be completed by 2022. |
Carthage Cement records 29% increase in turnover26 October 2018, Published under Cement NewsTunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period. |
New Carthage majority shareholder known by end November25 October 2018, Published under Cement NewsThe new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spain) and Cemolins Internacional (Spain). |