Cement News tagged under: North Africa
Sinai Cement sees sales surge in 202304 April 2024, Published under Cement NewsEgypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after tax of EGP121.42m was seen in 2023, down from EGP330.41m in 2022, while the loss per share of the holding company fell from EGP2.48 in 2022 to EGP0.91 in the following year. On a standalone basis, the net loss after tax contracted from EGP319.8m in 2022 to EGP117.58m in 2023. |
Arabian Cement awarded three EPDs22 March 2024, Published under Cement NewsArabian Cement Co has been awarded the Environmental Product Declaration (EPD) certificate for three of its key products – clinker OPC, CEM II/A-P 42.5N, and CEM I/42.5N. “This certification positions us as one of the industry pioneers in our commitment to the latest sustainability approaches. The EPD signifies our dedication to environmental responsibility throughout our product lifecycle by measuring our product footprint from cradle to gate,” said the company in a statement. “We are ... |
Misr Beni Suef Cement announces return to profitability in 202312 March 2024, Published under Cement NewsOn 7 March 2024, Misr Beni Suef Cement Company SAE (MBSC) reported that it made a net profit of EGP369.102m (US$7.520m) after tax in 2023. This comes after they reported net losses of EGP145.945m in 2022. In 2022 the company reported sales of EGP1.844bn. Over the same period in 2023, MBSC’s sales grew to EGP2.023bn. The company’s return to profitability, following a year of net losses, could be attributed to its 9.7 per cent sales growth in 2023. MBSC is an Egypt-based cement produce... |
Arabian Cement Company sees profits surge in 202307 March 2024, Published under Cement NewsEgypt's Arabian Cement Company has reported net sales of EGP5.93bn (US$119.67m) in the year ended 31 December 2023, up from EGP4.55bn in the same period in the previous year. Gross profit advanced from EGP904.85m in 2022 to EGP1.33bn the following year. Net profit for the year after tax improved from EGP342.5m to EGP688m over the same timeframe, while earnings per share increased from EGP0.89 to EGP1.79. The company currently has a cement production capacity of 5Mta and a clinker ca... |
Morocco’s cement deliveries expand by 9% in February06 March 2024, Published under Cement NewsCement deliveries by members of Morocco’s cement association, APC ( Asment Temara , Ciments de l’Atlas , Ciments du Maroc, LafargeHolcim Maroc and Novacim ) increased by 8.5 per cent YoY to 1,076,538t in February 2024 from 991,906t in February 2023, according to he Ministry of National Territory Planning, Land Planning, Housing and Urban Policy. Of this total, deliveries to the retail sector edged up by 2.6 per cent YoY to 624,585t from 608,702t in February 2023. Sales to the ready-mi... |
LafargeHolcim Maroc posts 3% pick-up in revenue05 March 2024, Published under Cement NewsLafargeHolcim Maroc reported a revenue of MAD8212m (US$816.2m) in 2023, up 2.8 per cent YoY from MAD7975m in 2022. The advance is attributed to higher cement sales and increased clinker exports. In the 4Q23 alone, revenue was up 2.3 per cent YoY due to higher cement sales in the domestic market. LafargeHolcim Maroc decreased its net debt by 11.3 per cent to MAD4864m at the end of 2023 from MAD5486m at the end of 2022. |
Grey to white in Algeria20 February 2024, Published under Cement NewsRetrofitting cement plants can give provide a new lease of life, as shown by the conversion of grey to white cement production at Biskria Cement Co, Algeria. CBMI was awarded the contract and explains some of the key elements of this conversion project. By CBMI Construction Co Ltd, China. While Biskria Cement Co, Algeria, will retain its 6000tpd grey line, CBMI converted the cement plant’s 3000tpd Line 2 to produce 2000tpd of white cement (© CBMI) Until recently, Biskria Ceme... |
Moroccan cement deliveries up 7% in January13 February 2024, Published under Cement NewsCement deliveries by members of Morocco’s cement association, APC ( Asment Temara , Ciments de l’Atlas , Ciments du Maroc, LafargeHolcim Maroc and Novacim ) increased by 6.6 per cent YoY to 1,130,187t, according to he Ministry of National Territory Planning, Land Planning, Housing and Urban Policy. Of this total, the retail sector accounted for 648,341t, with deliveries down 0.1 per cent from 647,656t in January 2023. The ready-mix concrete sector increased its off take by 17.4 per c... |
Ciments de Bizerte reports 24% drop in revenue in 202306 February 2024, Published under Cement NewsTunisia-based Ciments de Bizerte reported a 23.7 per cent decline in revenue to TND94.4m (US$30.14m) in 2023 when compared with the previous year, according to data from the Tunis Stock Exchange. Cement sales volumes were down 10 per cent YoY. Domestic turnover fell by 16.5 per cent YoY to TND93.9m with cement and lime sales of 4.978Mt. The fall in domestic demand was attributed to the recession in the construction market as real estate prices increased and there was an absence of infras... |
Morocco: better times ahead?05 February 2024, Published under Cement NewsFollowing a challenging business environment in 2022, Moroccan cement producers can look forward to better times. However, overcapacity will see producers look beyond the country’s borders as they develop export markets to sell production surpluses. Economic growth is set to resume as Morocco recovers after the COVID-19 pandemic (© © J.K2507) Morocco’s economic growth fell by 7.2 per cent YoY in 2020 but recovered the following year, when GDP expanded by eight per cent. In 2022... |