Cement News tagged under: North Africa

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Morocco's listed cement producers to end 2021 on positive note

16 December 2021, Published under Cement News

Cement producers listed on the Casablanca Stock Exchange are expected to end 2021 with net results up 30.1 per cent YoY, according to Ecofin Agency. The positive performance is driven by active real estate and construction sectors. Holcim Group and Ciments du Maroc posted favourable operating conditions despite the COVID-19 health crisis with combined consolidated sales of MAD8.7bn (US$939m) in the January-September 2021, compared to MAD7.4bn in the 9M20. Their combined domestic cement sale...

Morocco’s cement dispatches up 11% in November

07 December 2021, Published under Cement News

Moroccan cement deliveries increased 11.4 per cent YoY to 1,227,984t in November 2021 from 1,102,003Mt in November 2020, according to data from the Ministry of Housing and Urbanisation. The deliveries were made by APC members, ie Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc.  In the January-November 2021 period deliveries were up 15.6 per cent YoY to 12,719,348t from the 11M20, when 11,000,288t were dispatched.

Arabian Cement exports advance 49%

07 December 2021, Published under Cement News

Egypt-based Arabian Cement Co exports increased by 49 per cent YoY in the January-October 2021 period, according to Sergio Alcantarilla, the company’s CEO. Export destinations during this time included Libya, Spain, Sudan, the USA and Yemen. Arabian Cement posted a consolidated net loss of EGP23.21m (US$27,1844) in the 9M21, compared to EGP39.77m in the 9M20.

Sinai Cement reports 67% rise in net sales

30 November 2021, Published under Cement News

Egypt’s Sinai Cement saw its consolidated net loss contract to EGP323.3m (US$20.58m) in the first nine months of the year, compared with EGP425m in the year-ago period. Consolidated net sales advanced 67.3 per cent YoY to EGP984.8m from EGP588.7m in the 9M20.

Morocco’s cement deliveries advance 1% in October

17 November 2021, Published under Cement News

Moroccan cement delivers edged up 0.8 per cent in October 2021 to 1,254,798t from 1,245,064t in October 2020, according to the Ministry of Housing and Urbanisation. The data apply to members of the domestic cement association, APC – Asment Temara, Ciments de l’Atlas, Ciments du Maroc and Holcim Maroc. In the January-October 2021 period 11.491Mt of cement was supplied to the domestic market by these producers, a 16.1 per cent increase when compared with 9.898Mt in the 10M20.

Misr Cement (Qena) announces 168% surge in profit

15 November 2021, Published under Cement News

Egypt’s Misr Cement (Qena) has reported a 168 per cent YoY surge in consolidated net profit during the first nine months of 2021, reaching EGP107.4m (US$6.84m) from EGP40.11m in the comparable period of 2020. Standalone net profit also advanced 78.9 per cent to EGP80.77m against EGP45.15m in the 9M20. 

Arabian Cement Co announces contraction in net loss

15 November 2021, Published under Cement News

Egypt’s Arabian Cement Co has announced a consolidated net loss of EGP23.21m (US$1.48m) during the first nine months of 2021, an improvement from the EGP39.77m net loss seen in the 9M20.  The standalone net loss reached -EGP24.53m against -EGP38.25m in the January-September 2020 period.

Lafarge Algeria hits 2Mt export record

03 November 2021, Published under Cement News

Lafarge Algeria, part of the Holcim group, has exported 2Mta of cement and clinker for the first time, according to a company press release. The company achieved the volume less than five years after the start of cement exports from Algeria. The 2Mta volume represents a considerable increase from the 1.2Mt of exports achieved in 2020 and puts the company firmly on the way to its 2.5Mt target by the end of this year. In 2022 the cement producer aims to export 2.6Mt. This symbolic bar of 2...

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.