Cement News tagged under: Carthage Cement

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Carthage Cement sees 1Q turnover up 6%

17 April 2020, Published under Cement News

Tunisia’s Carthage Cement reported a six per cent rise in turnover to TND63.617m (US$22m) in the 1Q20 when compared with TND59.771m in the equivalent period of 2019. The company also announced it suspended production and sales of aggregates, clinker and ready-mix concrete from 20 March to reduce the spread of the coronavirus. The first quarter also included a technical shutdown for the annual maintenance campaign of the kiln line. As a result, clinker out put reached 145,815t on 31 March 2...

Carthage Cement completes capital increase

31 March 2020, Published under Cement News

Tunisia’s Carthage Cement has successfully completed a capital increase for TND206m (US$71.89m) or 77 per cent of the initial operation. The capital increase was carried out through MAC SA, a stock market intermediary, and will serve to rebalance its financial structure and reduce debt. As a result, the company’s capital will rise to TND343.6m.

Carthage Cement increases capital with TND206m

25 March 2020, Published under Cement News

Tunisia’s Carthage Cement has closed its capital increase with a value of TND206m (US$70.9m), about 77 per cent of its initial sum (TND268.5m), according to ilBoursa. The operation has been hailed a success by the news service under the current conditions. The capital increase was carried out with Bourse MAC SA as intermediary and served to rebalance the company’s financial structure and lower its debt. The company’s capital now stands at TND343.6m.

Carthage Cement to start exports to Europe

12 February 2020, Published under Cement News

Following the award of a CE mark, Tunisia-based Carthage Cement will start exports to Europe from March 2020 onward, reports ilBoursa. The first shipment will consist of  150,000t of cement. “This operation marks a new horizon and a new opportunity for the company as part of its drive to diversify the destinations of its products and its commercial fulfilment,” said the company in a statement.

Carthage Cement reports 5% turnover rise in 2019

24 January 2020, Published under Cement News

Tunisia-based Carthage Cement saw its total revenues increase by five per cent to TND249.6m (US$4.9m) from TND238.2m in 2019. Cement production rose 17 per cent YoY to 1.478Mt (2018: 1.263Mt). Clinker output was up six per cent to 1.5Mt when compared with 1.42Mt. Domestic revenues were up 33 per cent YoY to TND199.7m in 2019 from TND149.9m in the previous year and a market share of 19 per cent was reported by ilBoursa. In addition, the company re-entered the export markets from the 3Q19, w...

Carthage Cement reports TND76m net loss

25 November 2019, Published under Cement News

Tunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year. The company managed to reduce its operating deficit by nearly TND4m, the net financial charges rose from TND49.4m in 2017 to TND65m at the end of December 2018. Operating expenses increased 32 per cent YoY to 262.9m as consumable purchases rose. Personnel changes remained almost unchanged at TND28.5m.

Carthage Cement reports 7% rise in 9M revenues

29 October 2019, Published under Cement News

Tunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period. The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output...

Carthage Cement adopts financial restructuring plan

11 October 2019, Published under Cement News

Tunisian cement producer Carthage Cement has presented its 2019-23 business plan. In terms of financial restructuring Carthage Cement will carry out a capital increase of TND223,774,733 and see its share capital rise to TND395,909,146. The share issue price is TND1.20 (TND1 nominal value and TND 0.20 issue premium) and a parity of 13 new shares for 10 old shares. The financial restructuring will also include a cash contribution of TND153,729,552 with the balance by conversion of receivables....

Carthage Cement sees revenues up 3% in 1Q19

23 April 2019, Published under Cement News

Tunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m. The company’s clinker and cement output expanded 10 and 26 per cent, respectively when compared with the 1Q18. However, clinker exports were down YoY to TND8.5m due to disruption at the ports, which led to deliveries being postponed from March to April 2019. In aggregates production increased by three per cent YoY b...

Tunisian cement producers sign new AF charter

17 April 2019, Published under Cement News

Nine Tunisian cement plants have signed a new charter on sustainable development and social responsibility, which seeks to harness new energy and alternative fuels produced through waste recovery. "The industrialists of nine cement plants, signatories of this charter, will be led to use the waste and to valorise non-recyclable and non-reusable products as alternative fuel," said Samir Majoul, president of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA). Mr Majoul ...