Cement News tagged under: Morocco
Addoha Group to build 0.5Mta Gabon works09 June 2015, Published under Cement NewsMorocco’s Addoha Group announced plans to build a cement plant in Gabon’s capital, Libreville. The new EUR30m works will be operated through its CIMAF Gabon subsidiary. It will have an initial production capacity of 0.5Mta, but will be expandable to 1Mta. The greenfield plant is expected to generated 200 direct and 1000 indirect jobs. |
New orders for Cemengal in South America and MEA27 May 2015, Published under Cement NewsCemengal has signed new orders for conventional grinding stations and its Plug&Grind ® solution to undisclosed customers in the South America, and the Middle East and Africa (MEA) regions over the past few weeks. South America Plug&Grind Cement grinding plant with a production capacity of 90,000tpa: ball mill Ø2.2m x 9.5m and 500kW; bag filter for 25,000m³/h. The scope of supply includes electrical sub-station to feed the new P&G unit and cement transfer infrastructure to existing silos... |
Morocco sees monthly demand uptick20 May 2015, Published under Cement NewsMoroccan 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... |
Votorantim07 May 2015, Published under Cement NewsVotorantim 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 profit13 April 2015, Published under Cement NewsCiments 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 201502 April 2015, Published under Cement NewsThe 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 201518 March 2015, Published under Cement NewsAfter 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 201403 February 2015, Published under Cement NewsThe 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 201420 January 2015, Published under Cement NewsThe 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 results06 October 2014, Published under Cement NewsCiments 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 ... |