Cement News tagged under: Morocco
Moroccan cement sales fall 50% in May05 June 2020, Published under Cement NewsMorocco’s cement market contracted 50.6 per cent in May with 523,848t of cement delivered to domestic customers, according to APC, the country’s cement association. In May 2019 deliveries by APC members (Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc) reached 1,060,372. In the first five months of 2020 deliveries declined by 26 per cent to 4,342,865t when compared with 5,868,225t in the 5M19. Ciments du Maroc saw sales decline by 9.8 per cent YoY in the 1Q20 w... |
Ciments du Maroc sees turnover down 10% in 1Q2022 May 2020, Published under Cement NewsCiments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market. The company’s turnover declined 9.8 per cent YoY to MAD869m. Investments in the 1Q20 reached MAD14.8m, up 43.4 per cent when compared with the 1Q19. |
Moroccan cement dispatches contract 56% in April05 May 2020, Published under Cement NewsMorocco’s cement deliveries saw 55.5 per cent drop to 552,472t in April 2020 from 1,241,463t in April 2019, according to the members of the country’s cement association, APC. In the first four months of 2020, dispatches declined by 20.6 per cent to 3.919Mt from 4.808Mt in the 4M2019. APC members are Votorantim-owned Asment Temara, Ciments de l’Atlas, Ciments du Maroc (HeidelbergCement) and LafargeHolcim Maroc with a combined cement capacity of approximately 24Mta. |
Morocco reports 8% drop in 1Q deliveries08 April 2020, Published under Cement NewsCement deliveries by APC members in Morocco fell 28.7 per cent YoY to 910,995t in March 2020 when compared with 1,278,486t in March 2019, according to market research company, IPSOS. The building sector was particularly hit with a 44.7 per cent YoY drop to 42,912t, but the retail and prefabricated segments also noted declines of 30 per cent to 582,738t and 78,214t, respectively. In the ready-mix concrete market, the offtake fell by 26.7 per cent YoY to 162,440t. Infrastructure provided som... |
Ciments du Maroc turnover falls in 201902 March 2020, Published under Cement NewsThe unaudited consolidated turnover of Ciments du Maroc slipped by 0.8 per cent YoY to MAD3.89bn (US$405.8m) in 2019 despite an improvement in the cement market. The fall was due to a decline in concrete sales, which offset the positive development of cement sales, said the company. |
North Africa in focus10 February 2020, Published under Cement NewsNorth Africa is experiencing a turbulent political and economic period. Meanwhile the region seeks to increase the pace of development with cement consumption reaching 100Mt in 2018. Domestically, surplus capacity has translated into a more competitive environment, with many producers increasingly turning to the export market. Morocco is seeing higher levels of domestic demand, but with new capacity on the way there is pressure to export surplus volumes. Pictured: Ciments du Maroc’... |
Moroccan cement dispatches increase to 13.6Mt in 201906 February 2020, Published under Cement NewsMoroccan cement deliveries by members of the country’s cement association, APC, slipped to 1,038,250t in November 2019, down 2.5 per cent from 1,064,498t in November 2018, according to data published by the country’s Ministry of Housing and Urbanisation. In December 2019 a similar trend was seen as YoY sales fell 2.5 per cent to 1,189,135t from 1,219,219t. APC members include Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. January-December 2019 However, full-... |
Moroccan cement consumption up 12% in October04 December 2019, Published under Cement NewsCement demand in Morocco increased 12.1 per cent YoY to 1.355Mt in October 2019 when compared with 1.208Mt supplied in October 2018, according to data published by the country’s Ministry of Housing and Urbanisation. The largest share, 888,724t, was delivered to the wholesale segment, followed by ready-mix concrete companies (240,608t) and the prefabricated segment (108,116t). The building market accounted for 61,398t while around 55,930t of offtake was by the infrastructure sector. In th... |
HeidelbergCement reduces its shareholding in Ciments du Maroc to 51%02 December 2019, Published under Cement NewsHeidelbergCement has announced the sale of around 0.5 million shares representing 3.6 per cent of Ciments du Maroc's share capital for an aggregate amount of approximately EUR73m. The shares were sold to certain Moroccan institutional investors through a block trade. Following this transaction, HeidelbergCement will retain a controlling stake of 51 per cent in Ciments du Maroc and continue to fully consolidate the company. "HeidelbergCement is fully committed to remain the long-term majo... |
Ciments du Maroc reports 4% rise in 9M turnover29 November 2019, Published under Cement NewsCiments du Maroc, the Moroccan subsidiary of HeidelbergCement, has posted a 9M19 turnover of MAD2.67bn, up 3.8 per cent YoY. For the third quarter of 2019, the company reported revenues of MAD831m, representing a three per cent fall when compared with the 3Q18. The fall is due lower cement sales volumes as construction sites wound down activity in August. However, turnover is expected to increase by two per cent for the full year of 2019. |