Cement News tagged under: Carthage Cement

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New Carthage Cement tender to launch in June

01 March 2019, Published under Cement News

Three months following the announced lack of tender success for the sale of the shares held by the Tunisian state in the capital of Carthage Cement, a financial restructuring, including the transfer of a block of shares representing 50.52 per cent of the capital, is being implemented at the cement plant to launch a second call for tenders by June 2019, according to ilBoursa. To restore financial stability and encourage compliance with future banking commitments of the cement producer, Al Ka...

Carthage Cement revenues up 37% in 2018

24 January 2019, Published under Cement News

Carthage Cement reported a turnover of TND237.2m (US$79.6m) in 2018, an increase of 37 per cent when compared with a turnover of TND173m in 2017. Clinker output rose by 13 per cent YoY in 2018. Revenues from clinker exports reached TND47m in 2018, representing 20 per cent of the Tunisia-based company’s overall sales and more than off-setting the loss of cement exports due to Algerian government restrictions. In addition, the cement producer was also able to shave off three per cent of its...

Potential investors in Carthage Cement seek improved conditions

17 January 2019, Published under Cement News

The call for tenders for the sale of 50.52 per cent of Tunisia-based Carthage Cement attracted several investors, of which five prequalified and were asked to submit their financial offers by 7 December 2018. However, despite their clear interest, they were unable to submit a financial offer for acquisition, according to African Manager. While these investors have reiterated in writing their continued interest in reaching a deal, they have asked for an improvement in the conditions of th...

Time to take a chance in Tunisia?

11 January 2019, Published under Cement News

This week Tunisian-based United Cement Investor announced that it will build a new 1.5Mta integrated cement plant in Tataouine, Tunisia, with work starting in March this year. This will be the most southerly cement plant in the north African country, situated 120km from the coastal city of Gabes and about 300km from the Libyan capital of Tripoli. However, starting new plants in Tunisia is a hazardous affair.

 Carthage Cement In October 2018 Carthage Cement recorded a 29 per cent YoY ...

Carthage Cement records 29% increase in turnover

26 October 2018, Published under Cement News

Tunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period.

New Carthage majority shareholder known by end November

25 October 2018, Published under Cement News

The new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spain) and Cemolins Internacional (Spain).

Carthage Cement records 25% revenue increase

24 April 2018, Published under Cement News

Tunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in production from 15 March for a month, due to a dispute between the subcontracting company (NLS) and a group of workers. Elsewhere, the company's clinker production increased 126 per cent YoY during the period. This has been attributed to the realisation of its first clinker export contract, which it expects to execute by t...

Al Karama Holdings names six prequalifiers for Carthage Cement

21 March 2018, Published under Cement News

Six foreign groups have submitted bids for the acquisition of a 50.52 per cent interest in Tunisian cement producer Carthage Cement, according to Al Karama Holding, the company responsible for managing companies confiscated by the Tunisian state from the former regime of Zine El Abidine Ben Ali. Companies interested in purchasing the stake are Cementos Portland Valderrivas (Spain), Cemolins Internationacional SL (Spain), Omnium des Industries et de la Promotion (Morocco), Eurocem (Malta) ...

Carthage Cement sees 12% sales drop

25 January 2018, Published under Cement News

Tunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per cent YoY. The company invested some TND12.26m in 2017, down 40 per cent when compared with the p...

Carthage Cement sale attracts foreign investors

29 December 2017, Published under Cement News

Sale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notifi...