Cement News tagged under: Morocco

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LafargeHolcim announces new Middle East/Africa organisation

06 March 2018, Published under Cement News

LafargeHolcim has announced its new organisation for the Middle East and Africa region. "This new organisation will further increase our market focus, our operational performance and support the development and execution of winning market strategies to grow profitable businesses in the Middle East & Africa markets," said Saâd Sebbar, who heads up the company’s MEA Region. The company’s four largest markets will report directly to Mr Sebbar and include the following Country CEO appointment...

Government institution sells 35,500 shares in Ciments du Maroc

05 March 2018, Published under Cement News

The Moroccan Capital Markets Authority (AMMC) has announced that the Abu Dhabi Fund For Development (ADFD) has sold 35,517 Ciments du Maroc shares to the central market at a unit price of MAD1660 (US$180.5), decreasing the ownership threshold to five per cent, reported Morocco World News. As a result of this transaction, which took place 21 February 2018, ADFD now holds 691,160 Ciments du Maroc shares, or 4.79 per cent of the capital, according to a  statement from Casablanca’s stock excha...

thyssenkrupp wins order from LafargeHolcim

23 February 2018, Published under Cement News

thyssenkrupp has won a contract from LafargeHolcim to supply a 3500tpd line for a new clinker plant in Souss Massa, Morocco. The project will include engineering, procurement and construction for the entire clinker line. "Nearly four decades of ongoing and successful collaboration have strengthened the relationship between thyssenkrupp and LafargeHolcim in Morocco. Both companies share the same vision: we provide state-of-the-art technology and develop tailor-made solutions for our custom...

Moroccan cement demand declines 4% in January

15 February 2018, Published under Cement News

Cement consumption in Morocco fell 4.4 per cent in January to 1,114,857t from 1,166,184t in January 2016, according to the country’s Ministry of Housing and Urbanisation. In the country’s largest market, Casablanca-Settat, sales fell 8.6 per cent to 254,328t. However, a more positive development was noted in Marrakech-Safi, which saw demand expand by 9.6 per cent to 155,173t. Rabat-Salé-Kénitra saw demand slip 1.25 per cent to 146,466t while in Tanger-Tétouan-Al Houceima the offtake was 4...

LafargeHolcim announces new regional structuring

12 February 2018, Published under Cement News

LafargeHolcim has also announced a new organisation structure of the group and regions. Under the new structure, 35 markets now report directly to the Region Heads, instead of 20. "This will strengthen our emphasis on developing and executing winning market strategies, thereby fully empowering the profit and loss responsibility of the countries," said Jan Jenisch, LafargeHolcim CEO. Among the key changes, Philipp Leutiger has joined the Group as Chief Digital Officer to create global, ...

George Michos appointed CEO of LafargeHolcim Maroc

09 February 2018, Published under Cement News

George Michos has been appointed CEO of LafargeHolcim Maroc, according to Medias24. Mr Michos has replaced Marcel Cobus in the role, who has moved to take charge of the Europe region on LafargeHolcim’s executive committee. Mr Michos has also been co-opted as a director of the company. George Michos previously held several senior positions within the group. Most recently, he has been the managing director of Heracles General Cement Co, Greece.

Morocco’s cement demand declines 3% in 2017

19 January 2018, Published under Cement News

The Moroccan cement market contracted 2.5 per cent to 13,791,222t in 2017 when compared 14,151,095t in 2016, according to the country’s cement association, APC. The fall takes consumption to the lowest level in a decade. Major demand areas such as Casablanca-Settat and Tangier-Tetouan-Al Hoceima saw significant declines in consumption. Casablanca-Settat noted a 4.2 per cent YoY fall to 3,031,546t while cement sales in Tangier-Tetouan-Al Hoceima dropped 2.6 per cent YoY to 1,822,419t. T...

Moroccan demand up 5% in November

15 December 2017, Published under Cement News

Cement demand in Morocco increased 5.2 per cent YoY in November 2017 to 1,274,165t from 1,211,298t in October 2016, according to data by the country's Ministry of Housing and Urbanisation. Market expansion was particularly strong in Dakhla-Oued Ed-Dahab, which saw consumption increase 47.6 per cent to 8500t in November when compared with November 2016 volumes. The Tanger-Tétouan-Al Hoceima market also noted robust growth at 17.2 per cent YoY to 170,583t as did he Rabat-Salé-Kénitra market...

Moroccan demand stable in October

22 November 2017, Published under Cement News

Cement demand in Morocco edged up 0.3 per cent in October 2017 to 1,320,030t from 1,316,225t in October 2016, according to data by the country's Ministry of Housing and Urbanisation.  Market expansion was particularly strong in Laâyoune-Sakia Elhamra, where demand increased 44.8 per cent to 32,792t in October 2017 from 22,644t in October 2016, and in Dakhla-Oued Ed-Dahab, which saw consumption increase 63.7 per cent from 4476 to 7327t over the same period. Both Souss-Massa and Marrakech-S...

Ciments du Maroc posts 20% rise in net profit

22 September 2017, Published under Cement News

Ciments du Maroc reported consolidated sales of MAD2.029bn in 1H17, up 1.1 per cent YoY. Consolidated EBITDA remained stable at MAD929m. Net profit advanced by 19.8 per cent from MAD503m in 1H16 to MAD603m one year later, mainly due to a reduction in taxes. The company said sales reflected the annual slide in sales volumes during Ramadan which saw deliveries fall 6.9 per cent when compared with 1H16. Nationally, cement volumes decreased 9.2 per cent. However, a significant rise in exp...