Cement News tagged under: North Africa

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Carthage Cement sees 39% hike in 9M revenue

15 October 2021, Published under Cement News

Tunisia-based Carthage Cement saw its revenue in the 9M21 jump by 39 per cent YoY to TND239.2m (US$85.4m), according to ilBoursa. The company has attributed the increase to a surge of cement and clinker exports, which advanced from TND2.2m to TND32.9m. Domestic sales reached TND185.6m at the end of September 2021, up 22 per cent when compared with sales of TND151.8m at the end of September 2020. The increase is due to the restarting of building activities after the impact of COVID-19 in ...

Morocco’s cement market expands 12% in September

07 October 2021, Published under Cement News

Moroccan cement deliveries by member companies have advanced by 12.4 per cent YoY to 1,395,542t in September 2021 from 1,241,374t in September 2020, according to the Moroccan cement association, APC. In the first nine months of 2021 dispatch volumes were up 18.3 per cent YoY to 10,236,566t from 8,653,221t in the January-September 2020 period.

Algeria’s SSCB exported 25,000t of cement in 9M21

01 October 2021, Published under Cement News

Société Saoura Ciment de Béchar (SSCB), part of Algeria-based GICA, exported 25,000t of cement to African countries such as Mali, Niger and Mauritania since the start of the year. Mauritania has accounted for 60 per cent of SSCB’s exports. The shipments are example of the shift in cement trading following the government’s extensive investment in production capacity, turning Algeria from a net importer to a net exporter since 2018. In 2020 cement exports reached 3.6Mt with expectations for...

Carthage Cement lowers cement price

15 September 2021, Published under Cement News

Tunisia-based Carthage Cement announced it will lower its wholesale prices for cement to TND150 (US$53.81) per 30t truck for two months. The decision will come into effect from 13 September 2021. The company said the step follows the advice of the National Chamber of Cement Producers after meeting with senior officials from the Ministries of Trade and Industry.

New plant to be constructed in Libya

13 September 2021, Published under Cement News

Libya’s National Mining Corp and Al-Shahba Cement Co have signed an agreement to construct a 1Mta cement works in Al-Shahba, south of Tobruk. The Minister of Industry and Minerals, Ahmed Abuhisa, laid the foundation stone for the establishment of the cement factory on Thursday.

Morocco’s cement deliveries expand 31% in August

08 September 2021, Published under Cement News

Cement deliveries by Moroccan cement producers Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc advanced 31.1 per cent YoY to 1,132,899t from 864,441t in August 2020, according to Ipsos data published by the country’s Ministry for Housing and Urbanisation. In the first eight months of 2021 deliveries were up 19.3 per cent to 8,841,024t from 7,411,847t in the January-August 2020 period.

LafargeHolcim Maroc sees 66% rise in 2Q revenue

31 August 2021, Published under Cement News

LafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June 2021.

Misr Cement (Qena) posts 9% profit increase

17 August 2021, Published under Cement News

Egypt’s Misr Cement (Qena) has recorded a 9.2 per cent YoY advance in consolidated net profit for the January-June period of 2021, rising to EGP69m (US$4.39m) from EGP63m in the 1H20. However, net revenue declined 4.7 per cent to EGP1.28bn from EGP1.34bn. The company has attributed the increase in profitability to improved efficiency and total exports, which climbed 316 per cent YoY to 169,000t from 41,000t in the first half of 2020.

Morocco’s cement market slips 16% in July

16 August 2021, Published under Cement News

Cement sales in Morocco declined 16.3 per cent YoY  to 898,429t in July 2021 from 1,073,680t in July 2020, according to the Ministry of Housing and Urbanisation, which cites data from the country’s cement association, APC. However, in the January-July 2021 period, sales advanced 17.7 per cent to 7.708Mt when compared with the 6.547Mt in the 7M20.

Arabian Cement Co sees net loss widen in 1H21

13 August 2021, Published under Cement News

Egypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. Sales revenue declined 26.9 per cent YoY to EGP964.86m from EGP1.32bn in the 1H20.