Cement News tagged under: Morocco

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Morocco sees monthly demand uptick

20 May 2015, Published under Cement News

Moroccan cement orders increased 3.35 per cent in April to 1.38Mt from 1.33Mt in April 2014. The regional markets in particular supported this growth with Oued Eddahab reporting sales up by 49.05 per cent in April, followed by Doukkala-Abda (+41.23 per cent) and Gharb-Cherarda-Bhssen (+20.26 per cent). However, major consuming areas such as Greater Casablanca and Rabat-Salé-Zemmour-Zaer noted falls of 5.16 and 3.43 per cent, respectively. For the year to date, the domestic market expande...

Votorantim

07 May 2015, Published under Cement News

Votorantim Cementos has announced a US$1600m investment programme that involves five new cement plants in Brazil, two in Turkey and one in Bolivia as well a the expansion and modernisation of a number of existing facilities. These investments cover the 2015 to 2018 period. These projects will add 6Mta of  capacity in Brazil and 2.5Mt elsewhere. Longer-term, additional capacities are also being considered for the USA and  Morocco.

Ciments du Maroc 9.3% fall in profit

13 April 2015, Published under Cement News

Ciments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201...

Ciments du Maroc: Moroccan market to show little change in 2015

02 April 2015, Published under Cement News

The Moroccan cement market is expected to show not much change in 2015 from the previous year, according to Mario Bracci, CEO of Ciments du Maroc. The Italcementi-owned cement producer delivered sales in 2014 in line with a 5.4 per cent domestic market contraction. Ciments du Maroc responded to the downturn by increasing the use of alternative fuels and improving operating efficiency, efforts which will continue in 2015. “Our goal for 2015 is to maintain our sales despite market forecast...

Moroccan cement sales dip 0.45% in Feb 2015

18 March 2015, Published under Cement News

After registering a 5.61 per cent advance in domestic cement consumption in January 2015, Morocco’s cement market slipped 0.45 per cent to 1.137Mt in February, according to the Ministry of Habitation. For the first two months of the year, cement deliveries increased 2.42 per cent YoY to 2.22Mt. Despite lower sales figures in February, cement producers expect their deliveries to stabilise in 2015.

Moroccan cement demand drops 5.4% in 2014

03 February 2015, Published under Cement News

The Moroccan cement market contracted by 5.4 per cent to 14.1Mt in 2014, reaching a new low as demand hits a level not seen since 2008. The country’s construction sector remains depressed with 177,300 dwellings starting construction but no advances in social housing or self-construction. In addition, the higher-end real estate and tourist markets no longer provide relief. Historically-low interest rates are also unable to reinvigorate the market and economic uncertainty weighs heavily on ...

Morocco’s cement demand falls 5.4% in 2014

20 January 2015, Published under Cement News

The fall in Morocco’s cement consumption declined by 5.4 per cent, following a 6.3 per cent reduction in 2013, according to the Moroccan Economics and Finance Ministry (DEPF). The positive trend is attributed to good sales in March, August, October and December 2014, when sales advanced 8.2, 26.5, 1.4 and 0.6 per cent, respectively.

Ciments du Maroc posts positive 1H14 results

06 October 2014, Published under Cement News

Ciments du Maroc saw turnover increase to MAD1.63bn (US$185m) in 1H14, up 16.4 per cent from MAD1.4bn the same period the previous year. However, the company also experienced a 22 per cent rise in costs from MAD976.47m in 1H13 to MAD1.19bn, particularly in terms of raw materials and labour costs. This resulted in an operating profit of MAD444.234m, 7.8 per cent lower than the MAD481.56m noted in the first half of 2013. But a substantial reduction in financial charges helped net profit to ...

Morocco’s market demand falls 5% in August

17 September 2014, Published under Cement News

The Moroccan cement market is not about to recover. The latest figures indicate a third-consecutive year of contraction, according to APC, the Moroccan cement producers' association. The cement market has contracted at the end of August by 4.98 per cent to 9.3Mt, the latest data shows. The fall in sales, which started in 2012, has been due to a low residential housing demand, attributed to rising real estate and building material prices. In the first quarter of 2014, housing starts feel...

Morocco: Lafarge turnover slips 2.1% in 1H14

16 September 2014, Published under Cement News

Lafarge’s Moroccan subsidiary, Lafarge Ciments, saw turnover in 1H14 slip by 2.1 per cent to MAD2.56bn (US$298m) as  prices and a favourable product mix only partially offset by 3.6 per cent a 4.4 per cent decline in sales. Consolidated net income was down 5.1 per cent to MAD725m. For the second part of the year, cement demand is expected to remain weak and Lafarge is forecast to see its turnover down 1.5 per cent.