Cement News tagged under: Morocco

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Morroco to add 5.9Mta of new capacity by 2017

14 January 2013, Published under Cement News

Competition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following double-digit growth the year before, the mid-term outlook is positive, and domestic players are now planning new facilities in a bid to maintain market share.   Ciments de L'Atlas (CIMAT) has confirmed plans to build a third cement plant close to Nador in the north of Morocco as part of its strategy to maintain a 14 p...

Citigroup lowers Italcementi price target, Italy

09 July 2012, Published under Cement News

Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North America are expected to raise Italcementi's profit on the market both in the first half and full-201...

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...