Cement News tagged under: Carthage Cement
Carthage Cement reports 7% rise in 9M revenues29 October 2019, Published under Cement NewsTunisia-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 plan11 October 2019, Published under Cement NewsTunisian 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 1Q1923 April 2019, Published under Cement NewsTunisia-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 charter17 April 2019, Published under Cement NewsNine 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 ... |
New Carthage Cement tender to launch in June01 March 2019, Published under Cement NewsThree 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 201824 January 2019, Published under Cement NewsCarthage 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 conditions17 January 2019, Published under Cement NewsThe 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 NewsThis 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 turnover26 October 2018, Published under Cement NewsTunisia’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 November25 October 2018, Published under Cement NewsThe 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). |