Cement News tagged under: Morocco

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Moroccan cement market enters quiet period

05 June 2012, Published under Cement News

After returning healthy figures in 2011 and at the start of 2012, Moroccan cement producers have found April more of a challenge. "The beginning of 2012 was very encouraging, but since late March, the cement companies noted a cooldown as April has seen a decline in cement sales of around 3.37% over the same period of 2011. May should see the same downward trend, "says Mohamed Chaibi, president of the Moroccan Cement Association (APC). No improvement is expected in the coming months. Du...

Addoha Group to construct Cameroon plant

10 May 2012, Published under Cement News

Morroco's leading home builder Addoha Group will start construction of a EUR20m (US$25.9m) cement plant this month in Cameroon's economic capital Douala, the company said on Wednesday. The plant will have a capacity of 0.5Mta, Addoha Group President Anas Sefrioui said over state radio after a meeting with Cameroon President Paul Biya. He added that Addoha intends to invest in the construction of low cost housing in the central African country "so as to give Cameroonians the opportunity to ...

Lafarge Maroc reports slight decline in net profit, Morocco

09 March 2012, Published under Cement News

Lafarge Maroc has reported a slight decline in net profit for 2011 while operating profit also fell due to escalating input costs and stagnating cement prices. The company said in a statement that net income for the year was MAD1.66bn (EUR148.8m) compared to MAD1.68bn in 2010, representing a fall of 0.9%. C onsolidated sales rose from MAD5.35bn in 2010 to about MAD5.57bn in 2011, an increase of four per cent. Operating income in 2011 recorded a slight decline of 1.3 per cent, amounting to...