Cement News tagged under: LafargeHolcim Maroc
LafargeHolcim Maroc sees 66% rise in 2Q revenue31 August 2021, Published under Cement NewsLafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June 2021. |
Moroccan cement sales fall 50% in May05 June 2020, Published under Cement NewsMorocco’s cement market contracted 50.6 per cent in May with 523,848t of cement delivered to domestic customers, according to APC, the country’s cement association. In May 2019 deliveries by APC members (Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc) reached 1,060,372. In the first five months of 2020 deliveries declined by 26 per cent to 4,342,865t when compared with 5,868,225t in the 5M19. Ciments du Maroc saw sales decline by 9.8 per cent YoY in the 1Q20 w... |
LafargeHolcim Maroc announces net profit up 9% in 1H1925 September 2019, Published under Cement NewsLafargeHolcim Maroc has reported sales of MAD3.89bn (US$401.4m) in the 1H19, up 0.2 per cent YoY. The company’s operating profit increased 10.6 per cent YoY to MAD1.65bn while net consolidated profit appreciated 8.6 per cent to MAD965m. Return on capital investment reached 11.6 per cent. "Cement volumes are up 2.1 per cent in a market due to low rainfall at the beginning of the year, while sales on certain activities including the export of clinker and trading are down," explained the com... |
LafargeHolcim Maroc appoints new Chairman of the Board25 March 2019, Published under Cement NewsLafargeholcim Maroc has appointed Ali Fassi Fihri, former chief executive of the National Office for Drininking Water and Electricity (ONEE), to chairman of the board. Mr Fihri, who was dismissed from ONEE by King Mohammed VI in October 2017, now replaces Tarafa Maraouane, who resigned from his position. |
LafargeHolcim to provide solutions for two port projects09 February 2018, Published under Cement NewsLafargeHolcim will provide industrial solutions for two port projects in Ecuador and Morocco, according to SeeNews. Due to complete in 2020, LafargeHolcim Maroc will supply cement for the Nador West Med, an integrated port project. This includes precasting caissons, breakwaters and quay construction using cement suited to a marine environment. In Ecuador, the company’s local subsidiary has been contracted by CHEC to assist during the first phase of construction of the multi-purpose, deep-... |
George Michos appointed CEO of LafargeHolcim Maroc09 February 2018, Published under Cement NewsGeorge Michos has been appointed CEO of LafargeHolcim Maroc, according to Medias24. Mr Michos has replaced Marcel Cobus in the role, who has moved to take charge of the Europe region on LafargeHolcim’s executive committee. Mr Michos has also been co-opted as a director of the company. George Michos previously held several senior positions within the group. Most recently, he has been the managing director of Heracles General Cement Co, Greece. |
APC: Moroccan cement producers use renewables for 80% of energy requirements16 March 2017, Published under Cement NewsMoroccan cement producers source about 80 per cent of its energy from renewable energy sources, Mohamed Chaibi, president of the Moroccan cement association, APC, said. Leading the way is LafargeHolcim Maroc as three of its cement plants use mainly wind energy, up to 85 per cent of the total, thanks to its own wind farm near by. The company has also concluded power purchase contracts with Nareva and Acwa Power to supply renewable power to a total of eight sites in Morocco. |
Cameroon: new Cimencam plant by 201819 October 2016, Published under Cement NewsSociété les Cimenteries du Cameroun (Cimencam) announced that the commissioning of its new Nomayos cement plant is scheduled for mid-2018. The new grinding unit will boast an installed capacity of 2Mta and is expected to cost XAF23bn (US$38.5m). The project, which was originally announced in 2011, will benefit from 5-10 years of tax and customs duties exemptions, as per an agreement signed in May between Cimencam and the State of Cameroon. The agreement follows the conditions provided in ... |
LafargeHolcim continues African expansion13 October 2016, Published under Cement NewsFollowing the acquisition of Socimat in Côte d’Ivoire last July, LafargeHolcim Maroc Afrique (LHMA) continues its regional expansion. LHMA, a joint venture between Morocco’s Société Nationale d’Investissement (SNI) and LafargeHolcim, will buy back 50 per cent of the capital of SCB Lafarge in Benin and 54.7 per cent of Cimencam in Cameroon, according to Afrique Expansion. The transaction values have not been disclosed. SCB Lafarge has a production capacity estimated at 0.6Mta while Cim... |