Ciments de Bizerte turnover falls, Tunisia

Ciments de Bizerte turnover falls, Tunisia
20 April 2011

Tunisian producer Ciments de Bizerte announced that its turnover decreased from TND24m (US$17.5m) to TND16.3m for the full-year to 31 March 2011, representing a decline of 32.25%.

 "This decrease is due to the cessation of exports to markets in Libya and Algeria during the first quarter 2011, due to events taking place including Libya," the company said. This report, however, "welcomed the slight increase in our revenues for the local market (+0.4%) despite the disruption of sales that the company had to undergo during the period that followed the January 14, 2011 revolution in Tunisia "and added that clinker production decreased from 158,050t to 155,000 YoY – a slight decline of 1.92%.

The company said that a contract signed on in December 2010 to revamp Kiln Line No 2 has not progressed further due to the political events in Tunisia. The company is currently working to resolve the situation as soon as possible.

Overall, Ciments
de Bizerte says the outlook for 2011 remains very good with strong demand in the local market as well as a recovery in exports to the Algerian market from 2Q11.

Published under Cement News