Cement News tagged under: Morocco

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Ciments du Maroc turnover falls in 2019

02 March 2020, Published under Cement News

The unaudited consolidated turnover of Ciments du Maroc slipped by 0.8 per cent YoY to MAD3.89bn (US$405.8m) in 2019 despite an improvement in the cement market. The fall was due to a decline in concrete sales, which offset the positive development of cement sales, said the company.

North Africa in focus

10 February 2020, Published under Cement News

North Africa is experiencing a turbulent political and economic period. Meanwhile the region seeks to increase the pace of development with cement consumption reaching 100Mt in 2018. Domestically, surplus capacity has translated into a more competitive environment, with many producers increasingly turning to the export market. Morocco is seeing higher levels of domestic demand, but with new capacity on the way there is pressure to export surplus volumes. Pictured: Ciments du Maroc’...

Moroccan cement dispatches increase to 13.6Mt in 2019

06 February 2020, Published under Cement News

Moroccan cement deliveries by members of the country’s cement association, APC, slipped to 1,038,250t in November 2019, down 2.5 per cent from 1,064,498t in November 2018, according to data published by the country’s Ministry of Housing and Urbanisation. In December 2019 a similar trend was seen as YoY sales fell 2.5 per cent to 1,189,135t from 1,219,219t. APC members include Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. January-December 2019 However, full-...

Moroccan cement consumption up 12% in October

04 December 2019, Published under Cement News

Cement demand in Morocco increased 12.1 per cent YoY to 1.355Mt in October 2019 when compared with 1.208Mt supplied in October 2018, according to data published by the country’s Ministry of Housing and Urbanisation. The largest share, 888,724t, was delivered to the wholesale segment, followed by ready-mix concrete companies (240,608t) and the prefabricated segment (108,116t). The building market accounted for 61,398t while around 55,930t of offtake was by the infrastructure sector. In th...

HeidelbergCement reduces its shareholding in Ciments du Maroc to 51%

02 December 2019, Published under Cement News

HeidelbergCement has announced the sale of around 0.5 million shares representing 3.6 per cent of Ciments du Maroc's share capital for an aggregate amount of approximately EUR73m. The shares were sold to certain Moroccan institutional investors through a block trade. Following this transaction, HeidelbergCement will retain a controlling stake of 51 per cent in Ciments du Maroc and continue to fully consolidate the company. "HeidelbergCement is fully committed to remain the long-term majo...

Ciments du Maroc reports 4% rise in 9M turnover

29 November 2019, Published under Cement News

Ciments du Maroc, the Moroccan subsidiary of HeidelbergCement, has posted a 9M19 turnover of MAD2.67bn, up 3.8 per cent YoY. For the third quarter of 2019, the company reported revenues of MAD831m, representing a three per cent fall when compared with the 3Q18. The fall is due lower cement sales volumes as construction sites wound down activity in August. However, turnover is expected to increase by two per cent for the full year of 2019.

Moroccan cement deliveries up 9% in September

16 October 2019, Published under Cement News

Cement dispatches in Morocco increased by 9.4 per cent YoY to 1.14Mt in September, up from 1.04Mt in September 2018, according to the country’s cement association, APC. Shipments to the distribution segment have increased 3.2 per cent YoY to 767,707t while to ready-mix concrete companies deliveries were up 43.8 per cent to 182,940t. A total of 42,783t was supplied to the infrastructure sector, representing a 17.2 per cent YoY rise, reported Aujourd’hui Le Maroc In the year to date, the M...

Southerly expansion creates new cement capacity in Morocco

27 September 2019, Published under Cement News

This week, LafargeHolcim reported cement volumes rising by more than two per cent in Morocco with construction of the company's 3500tpd Souss plant now advancing well and on course for commissioning by thyssenKrupp Industrial Solutions in the 3Q20. The greenfield project will see 1.2Mta added to the group's Moroccan production capacity, which currently stands at approximately 12.5Mta. This north African market is already due to see significant change with the recent acquisition by Cimen...

LafargeHolcim Maroc announces net profit up 9% in 1H19

25 September 2019, Published under Cement News

LafargeHolcim 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...

Safi CO2 helps grow Omega Green algae

27 August 2019, Published under Cement News

Omega Green, the algae cultivator in Eemshaven, The Netherlands, has opened a 1ha production location in Safi, Morocco. The company will use the CO2 emitted by HeidelbergCement’s Safi works to grow algae. The cultivation firm also has plans to upgrade the facility to 4ha with, according to co-owner Bert Knol, long-term goals by the German cement producer to extend the area to 400ha. The algae absorb 80-100tpa of CO2 from the air, or equivalent to the electricity generation required to po...