CIMAT posts revenues down by a quarter for 2016

CIMAT posts revenues down by a quarter for 2016
25 January 2017

Ciment de l’Atlas (CIMAT) expects to report revenues of MAD2.16bn (US$215.7m) in 2016, compared with MAD2.67bn the year prior. The company attributes the drop to the deceleration of export sales. Net profit in 2016 reached MAD519m.

 For 2017 the company forecasts revenues to slip to MAD2.159bn with a net profit of MAD526m.

CIMAT envisages a broad geographic presence by extending its distribution network in the main growth markets. In addition, it plans to optimise its production costs through the use of alternative fuels such as used oil and shredded tyres. It is also diversifying its products to incorporate the use of fly ash and pozzolana and reduce the clinker factor in its cement.

Furthermore, CIMAT plans to set up new concrete plants to develop its concrete activity and form partnerships with construction companies as it seeks to position itself commercially throughout the construction sector.


Published under Cement News