Tunisia: Carthage Cement increases domestic market share

Tunisia: Carthage Cement increases domestic market share
19 October 2016


Carthage 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 per cent to TND18.76m in 9M16, compared to TND19m in 9M15. However, the contraction was more pronounced in the third quarter, when sales fell 16 per cent, mainly due to a drop in demand in the Algerian market.

Published under Cement News

Tagged Under: Tunisia Carthage Cement