Cement News tagged under: Morocco
Moroccan demand stable in October22 November 2017, Published under Cement NewsCement demand in Morocco edged up 0.3 per cent in October 2017 to 1,320,030t from 1,316,225t in October 2016, according to data by the country's Ministry of Housing and Urbanisation. Market expansion was particularly strong in Laâyoune-Sakia Elhamra, where demand increased 44.8 per cent to 32,792t in October 2017 from 22,644t in October 2016, and in Dakhla-Oued Ed-Dahab, which saw consumption increase 63.7 per cent from 4476 to 7327t over the same period. Both Souss-Massa and Marrakech-S... |
Ciments du Maroc posts 20% rise in net profit22 September 2017, Published under Cement NewsCiments du Maroc reported consolidated sales of MAD2.029bn in 1H17, up 1.1 per cent YoY. Consolidated EBITDA remained stable at MAD929m. Net profit advanced by 19.8 per cent from MAD503m in 1H16 to MAD603m one year later, mainly due to a reduction in taxes. The company said sales reflected the annual slide in sales volumes during Ramadan which saw deliveries fall 6.9 per cent when compared with 1H16. Nationally, cement volumes decreased 9.2 per cent. However, a significant rise in exp... |
Moroccan market sees 10% YoY contraction in August20 September 2017, Published under Cement NewsMoroccan cement consumption decreased by 10.3 per cent YoY to 1,227,932t in August 2017 from 1,368,884t in the year-ago period, according to the country’s Ministry of Housing and Urbanisation. The largest above-average market contractions were noted in Drâa-Tafilalet, where consumption plummeted 26.3 per cent to 35,736t, and Oriental, which saw demand fall by 20.7 per cent to 97,781t. The largest regional market Casablanca-Settat also saw a significant downturn as sales fell some 12 per ce... |
Morocco July sales see 42% hike11 August 2017, Published under Cement NewsCement sales in Morocco increased 42 per cent in July, jumping to 1.2Mt, when compared with the year-ago period. The rise in sales has been attributed to “the resumption of self-construction, which represents 40 per cent of national demand, encouraged by the massive influx of Moroccans residing abroad,” according to L’Economiste. In addition, a revival in the public works, particularly road projects in Casablanca, is key to the pick-up in demand. The Casablanca-Settat market absorbed 2... |
Moroccan monthly sales down 31%17 July 2017, Published under Cement NewsThe Moroccan cement market contracted in June by 30.6 per cent YoY to 721,846t from 1,039,544Mt in June 2016, according to the country’s Ministry of Housing. The drop in sales was attributed to a slowdown in construction activity. In the first half of 2017, demand decreased 9.24 per cent to 6,771,681t with all parts of country seeing a drop in sales, apart from a few southern provinces. The largest MoM decline was reported in the eastern region, where sales fell by 39.8 per cent, from... |
LafargeHolcim Laâyoune grinding unit enters operation12 July 2017, Published under Cement NewsLafargeHolcim Maroc has completed the construction of its 0.2Mta grinding unit in Laâyoune, according to the company’s management board. Meanwhile, work has started on the building of a new 1.7Mta cement works in Souss. Equipment for the plant has been ordered from Germany-based thyssenkrupp Industrial Solutions. |
Moroccan cement market contracts 8% in May07 July 2017, Published under Cement NewsCement sales in Morocco fell 7.6 per cent to 1.24Mt in May. The drop has been attributed to the recession in the real estate sector following a slump in social housing and the slowdown on construction sites as a result of the delay in the formation of a new government and adoption of Finance Law 2017. In the first five months of 2017, cement sales retreated six per cent to 6.05Mt YoY. |
4M17 sales retreat 5.3% in Morocco28 June 2017, Published under Cement NewsCement sales in Morocco have fallen 5.3 per cent in the first four months of 2017 YoY following a 3.5 per cent rise the previous year, according to the Moroccan Economics and Finance Ministry. The fall has been attributed to the drop in sales in Marrakech-Safi (-11.7 per cent), Casablanca-Setta (-6.7 per cent), Tanger-Tétouan-Al Hoceima (-9.7 per cent) and Oriental (-10.4 per cent). Growth in Souss-Massa (+6.9 per cent), Guelmim-Oued Noun (+51.1 per cent, Fès-Meknès (+4.4 per cent), Dakhl... |
Chad: President Idriss Déby opens CIMAF plant13 June 2017, Published under Cement NewsChad’s President, Idriss Déby Itno, inaugurated on Monday the new Lamadji cement plant just north of the capital, N’Djaména. The works marks the cooperation between the country and Morocco’s CIMAF and represents an investment of XOF23bn. It has a cement capacity of 0.5Mta, which can be further expanded to 1Mta. |
Morocco’s Tekcim project online 2019?27 April 2017, Published under Cement NewsFirst announced in 2012, Tekcim’s cement plant in El Jadida, Morocco, is expected to open in 2019 with work to begin in a few months’ time, reports La Tribune. To finance the project, Tekcim’s parent, SGTM Group, has approached the African Development Bank (AfDB) and the bank is expected to finalise the case in early summer. The cement plant represents an investment of MAD2.5bn (US$252m). The project includes a 500ha quarry. |