Cement News tagged under: North Africa
Carthage Cement sees reduced COVID-19 impact on 3Q results21 October 2020, Published under Cement NewsTunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent to TND172m (US$63m) from TND183m in the 3Q19. In the 2Q20 turnover had fallen by 16 per cent due to the pandemic. Turnover in the domestic market increased six per cent YoY to TND151m when compared with the 3Q19 turnover of TND143m. Exports declined to TND1.193m when compared with TND1.225m in the 3Q19. However, del... |
LafargeHolcim Maroc voted Top Performers for CSR19 October 2020, Published under Cement NewsLafargeHolcim Maroc was named Top Performers for Corporate Social Rrsponsibility (CSR) 2020 by Vigeo Eiris, the independent rating agency in the areas of environment, social and governance. Vigeo honoured LafargeHolcim Morocco for its performance in terms of environmental strategy and protection of biodiversity, continuous improvement of health and safety conditions at work, prevention of discrimination and promotion of gender equality, and also its contribution to the socio-economic d... |
South Valley Cement sees net loss contract in the 1H2019 October 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP69.82m (US$4.45m) in the 1H20, compared with EGP100.82m in the 1H19. However, in the 2Q20 sales declined 21.5 per cent YoY to EGP196m from EGP249.67m in the corresponding period of 2019. |
Chryso acquires majority stake in APTEX15 October 2020, Published under Cement NewsThe Chryso Group has signed of an agreement to acquire a majority stake in APTEX, a Moroccan construction chemicals company. The Chryso brand has made construction chemicals for the Moroccan market for more than 30 years, while APTEX has been operating for two years in the country, and has a production unit and an application laboratory located in Casablanca. The Chryso-APTEX joint venture will provide cement manufacturers, concrete and precast producers, applicators, construction comp... |
No more plastic cement packaging in Tunisia14 October 2020, Published under Cement NewsTunisia’s Ministry of Industry, Energy and Mines has repealed its joint order with the Ministry of Commerce that authorises the packaging of cement in plastic bags. The decision has been submitted to the Presidency of Governmnet for publication in the Official Journal of the Republic of Tunisia. |
Cilas de Biskra exports 50,000t of clinker to Gabon13 October 2020, Published under Cement NewsAlgeria-based cement producer Cilas de Biskra has exported a shipment of 50,000t of clinker from Annaba to Gabon, according to Hafid Ouchiche, export director of LafargeHolcim Algérie. It is the fourth export shipment to Africa by Cilas and since January, the company has exported 0.5Mt of clinker. However, there is a need to invest in the logistical development of the port of Annaba to increase its loading capacity from 10,000tpd to 18,000tpd and expand its storage capacity. Investment... |
Libya's Zliten plant resumes production13 October 2020, Published under Cement NewsLibya’s Arab Union Construction Company (AUCC) has announced that its Zliten cement factory has resumed production, following a stoppage of more than a month. Production is expected to increase gradually, according to the Libya Herald. The high demand for cement in the country has sent prices soaring recently due to a shortage in supply. In August the price of local cement had risen to more than LYD75/t (US$53), compared to around LYD30 a year ago. |
Morocco's cement market expands 8% in September07 October 2020, Published under Cement NewsMoroccan cement deliveries increased 7.9 per cent YoY to 1,244,689t in September 2020 from 1,154,101 in the year-ago period, according to data by the Ministry of Urbanisation and Housing. The infrastructure sector saw its deliveries rise by 36 per cent to 58,170t while building increased its offtake by 6.7 per cent to 58,187t. Sales to the prefabricated segment advanced by 14.4 per cent to 106,038t. Deliveries to the ready-mix concrete sector were up by 8.4 per cent to 199,911t. However, t... |
Qalaa Holdings achieves 105% YoY growth in 2Q2001 October 2020, Published under Cement NewsQalaa Holdings has reported its consolidated financial results for the quarter ended 30 June 2020, with revenues of EGP7.4bn (US$470m), up 105 per cent YoY. " Qalaa’s performance was anchored by a recovering cement market in Sudan and an optimised pricing strategy by Al Takamol, which played a key role in offsetting the impacts of Egypt's underperforming cement market," said Qalaa Holdings' Chairman and Founder, Ahmed Heikal. |
Suez Cement expected to increase stake in Tourah Portland30 September 2020, Published under Cement NewsEgypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according to a disclosure to the Egyptian Exchange (EGX). Suez Cement already owns 66.12 per cent of Tourah. Upon the execution of the offer, the latter is expected to voluntary delist its shares from the EGX. HeidelbergCement is also proposing to launch a tender offer to increase its 55.08 per cent stake in Suez Cement t... |