Cement News tagged under: Morocco
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
LafargeHolcim opens Construction Development Lab in Morocco31 March 2017, Published under Cement NewsLafargeHolcim has opened a new Construction Development Lab (CDL) in the Moroccan city of Casablanca. The laboratory, the firm’s eighth, joins those in Algeria, Argentina, China, France, India, Malaysia and Mexico and will specialise in developing construction solutions adapted to the particular needs of the local and wider African markets. The CDL will employ 50 engineers, architects and technicians and will also work to develop partnerships with star-tups and higher education institu... |
Moroccan cement sales slip 10% in February20 March 2017, Published under Cement NewsMorocco's cement market contracted 9.9 per cent YoY in February to 1.064Mt from 1.181Mt in February 2016. The Laayoun-S Elhamra region saw the largest decrease of 39.4 per cent YoY to 6.761Mt while other significant decreases of 15-16 per cent YoY were reported in the key markets of Tanger-Tétouan and Al Houceima, Casablanca-Settat and Marrakech-Safi. However, YoY growth was noted in Guelmim-Oued Noun (+88.1 per cent), Dakhla-Oued Ed-Dahab (+27.7 per cent), Drâa-Tafilet (+74 per cent) and... |
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. |
Ciments du Maroc posts net loss of MAD-155m08 March 2017, Published under Cement NewsCiments du Maroc announced a MAD1.2bn (US$118.7m) improvement in its net loss to MAD-155m in 2016. Operating income reached MAD1.292bn in 2016, a 9.8 per cent increase when compared with the previous year. The fall in losses is due to the increase in the weighted average cost of equity and to an impairment provision of the company’s stake in Suez Ciments of MAD1.253bn. In addition, the company's domestic sales edged up by 0.7 per cent, bucking the overall market trend which slipped 0.... |
CIMAT posts revenues down by a quarter for 201625 January 2017, Published under Cement NewsCiment de l’Atlas (CIMAT) expects to report revenues of MAD2.16bn (US$215.7m) in 2016, compared with MAD2.67bn the year prior. The company attributes the drop to the deceleration of export sales. Net profit in 2016 reached MAD519m. For 2017 the company forecasts revenues to slip to MAD2.159bn with a net profit of MAD526m. CIMAT envisages a broad geographic presence by extending its distribution network in the main growth markets. In addition, it plans to optimise its prod... |
Moroccan cement demand slips 0.7% in 201612 January 2017, Published under Cement NewsMoroccan cement demand fell 12.5 per cent MoM in December 2016 and slipped 0.7 per cent YoY to just over 14.5Mt in 2016, according to Morocco’s Ministry of Housing and Urbanisation. In December 2016 the domestic market contract from 1,272,912t in 2015 to 1,114,270t with the largest decreases noted in Tanger-Tétouan-Al Houcein (-21.1 per cent), Casablanca-Settat (-16.8 per cent) and Oriental (-16.5 per cent). At the other end of the spectrum the regional markets of Dakhla-Oued El-Dahab, Dr... |
Moroccan cement demand stable in November16 December 2016, Published under Cement NewsCement sales in Morocco experienced a 3.5 per cent drop YoY to 1.2Mt in November 2016, according to the country’s Ministry of Housing and Urban Policy. In regional terms, the Tanger-Tétouan-Al Hoceïma region saw demand drop 15.7 per cent to 145,574t and in Rabat-Salé-Kénitra sales were down 6.8 per cent to 147,023t while Souss Massa noted an 8.3 per cent rise in sales to 111,544t. In Casablance-Settat sales fell 2.8 per cent to 267,095t and in Oriental they dropped 3.8 per cent to 119,677t... |
Moroccan cement demand up 8.4% YoY Oct 201625 November 2016, Published under Cement NewsMoroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year. In the first 10 months of 2016, cement sales in the kingdom edged up by 0.9 per cent, according to the Directorate of Financial Studies and Forecasting (DEPF), Ministry of Economy and Finance. Real estate loans were up 2.4 per cent to MAD246.4bn (US$24.4bn) at the end of the first nine months of 2016, an improvement when compared with the 2.2 per cent increase noted in 9M15. |
Morocco: Cemos announces plans for Tarfaya plant25 November 2016, Published under Cement NewsMorocco’s Challenger magazine has reported that Jersey-based Cemos Group plans to construct a MAD3bn (US$296m) cement plant in Tarfaya in the country’s southwest. The 1.6Mta integrated plant will utilise local deposits of oil shale as an energy source. In this way, Cemos – which is a portmanteau of Cement from Oil Shale – hopes to keep costs down, paving the way to allowing it to export some of its production to west Africa. Cemos had originally intended to exploit the 1bnt oil shale d... |