Cement News tagged under: Tunisia
Ciments de Bizerte doubles loss in 1H1725 September 2017, Published under Cement NewsTunisia-based Ciments de Bizerte saw its revenues fall to TND31,673m (US$12,923m) in 1H17 from TND34,564m. Its gross margin fell by TND2235m YoY and its operating income fell to TND1-545m, according to African Manager. At the end of June the company reported a loss of TND-16,613m from TND-8806m in 1H16. |
Carthage Cement reports 2% rise in 1H turnover02 August 2017, Published under Cement NewsTunisia-based Carthage Cement increased its cement turnover by two per cent to TND68.022m in the first half of 2017. Domestic market share advanced from 18.55 per cent in June 2016 to 19.41 per cent in June 2017. However, blocked sales to Algeria negatively impacted the results. The company’s ready-mix concrete arm saw its sales slip by two per cent and output by one per cent. Debt improved from TND513m at the end of 2016 to TND507m on 30 June 2017. |
Tunisia: Bizerte sees turnover up 7.5% but loss aggravates12 May 2017, Published under Cement NewsTunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year. Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with 2015 when turnover reached TND57.173. The company’s operating result saw a loss of TND14.577m, affected by net financial charges to the tune of TND14.577m in 2016, up from TND11.53m in 2015. The outstanding amount of bank loans reached TND53.891m against TND26.88m as at 31 D... |
Carthage Cement reports domestic sales up 8%25 April 2017, Published under Cement NewsTunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m. The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TND53.4m in the 1Q16. Carthage’s cement production fell by five per cent YoY while clinker product... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
Portland Valderrivas notes 7.6% fall in turnover in 201603 February 2017, Published under Cement NewsPortland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In addition, an EBITDA of EUR-226.4m was posted at the end of 2016, exacerbating the loss of EUR-73.2m reported the prior year. Cement sales slipped 1.7 per cent from 7.3Mt in 2015 to 7.2Mt in 2016 while the concrete division noted a 10.2 per cent drop in sales to 225,000m3. Aggregate sales increased by +26.4 per cent t... |
Tunisia: Carthage Cement reports positive 201603 February 2017, Published under Cement NewsTunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016. Domestic sales advanced 13 per cent from TND114.7m to TND126.4m. The company’s market share is estimated at around 19 per cent, up from 16.8 per cent in 2015. Exports reached TND22.175m with Carthage Cement accounting for a 17.8 per cent market share. Cement production rose by nine per cent when compared with 2015. However, the company’s ready-mix turnover saw its... |
Algeria’s plan to cease imports from 2017 to affect Tunisian cement industry01 November 2016, Published under Cement NewsIbrahim Chbili, Director General of Manufacturing Industry of Tunisia’s Ministry of Industry, has said that the decision made by Algeria to cease importing cement by 2017 and become self-sufficient in its supply is expected to affect the Tunisian cement industry. At present Algeria buys around 95 per cent of Tunisian cement exports, which reached 1.8Mt in 2015 before registering a drop to 1.2Mt in the first nine months of 2016. With new capacity coming online, Algeria expects to be self-... |
Tunisia: new Sidi Bouzid cement works online in 201826 October 2016, Published under Cement NewsTunisia will see a new 1Mta cement plant entering service in 2018 in Sidi Bouzid, according to the Director General of the Manufacturing Industry Brahim Chebli. "This new project whose cost is estimated at TND500m will be launched in 2018," the official said in an interview with African Manager. It is expected that the new works will also generate 300 new jobs. |
Tunisia: Carthage Cement increases domestic market share19 October 2016, Published under Cement NewsCarthage Cement's turnover for the first nine months ended 30 September 2016 grew 17 per cent, compared to the same period in 2015. It sold cement to the value of TND149m (US$66.2m) compared to TND125.5m (US$55.7m) in Jan-Sep 2015. Product orders increased by 16 per cent. Local market sales reached TND95.12m, compared with TND78.5m in 2015, an increase of 21 per cent. Carthage Cement now has a 19 per cent market share, expanding from 15.47 per cent in 2015. Export sales fell by two p... |