Cement News tagged under: North Africa
LafargeHolcim Maroc sees 66% rise in 2Q revenue31 August 2021, Published under Cement NewsLafargeHolcim 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 increase17 August 2021, Published under Cement NewsEgypt’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 July16 August 2021, Published under Cement NewsCement 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 1H2113 August 2021, Published under Cement NewsEgypt’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. |
Carthage Cement posts 61% rise in turnover20 July 2021, Published under Cement NewsTunisia’s Carthage Cement has posted a 61 per cent YoY rise in turnover to TND163.8m (US$59.09m) for the first half of 2021, against TND102m in the same period of last year. Clinker production increased 99 per cent to 829,000t and cement production was also up 48 per cent to 612,000t in the second quarter of 2021. Local market turnover in the 2Q21 advanced 69 per cent YoY to TND123m. Revenue from cement exports reached TND17m during the 1H21, up from TND0.7m in the year-ago period. |
Morocco's cement consumption up 21% in June13 July 2021, Published under Cement NewsCement deliveries by Asment Temara, Ciments de l'Atlas, Ciments du Maroc and LafargeHolcim Maroc increased by 20.6 per cent to 1,363,579t in June 2021, up from 1,130,864t in June 2020, according to an IPSOS report on behalf of the country’s Ministry of Housing and Urbanisation. Retail sales, the largest cement market segment in Morocco, saw a 12.8 per cent YoY advance to 863,695t in June 2021 while sales to the ready-mix concrete market saw the largest increase, 55.1 per cent YoY, to 266,3... |
Asment Temara’s automated truck dispatch approach28 June 2021, Published under Cement NewsVotorantim Cimentos Morocco has implemented a new automatic truck dispatch system to manage the flow and loading of trucks within its Asment Temara cement works. The move is part of the group’s global strategy to improve the customer experience and accelerate the digital transformation of processes. By Fabricio Perretto Rodrigues, Votorantim Cimentos Europa, Asia & Africa. Votorantim Cimentos Morocco installs a new automatic truck dispatch system at its plant in Temara, Morocco ... |
Les Ciments de Bizerte reports 7% revenue increase18 June 2021, Published under Cement NewsTunisia’s Les Ciments de Bizerte has reported a TND421,000 (US$152,235) net loss in the year ended 31 December 2020, against a TND9.4m net loss in the previous year. Revenue also advanced seven per cent YoY to TND111m from TND103.5m in 2019. Cement production saw a marginal increase from 661,829t to 663,491t in 2020, despite the production halt in March and April due to the pandemic lockdown. Sales prices also rose during the year, with a comparable level of sales despite the total closur... |
Sinai Cement sees net sales rise 34% YoY18 June 2021, Published under Cement NewsEgypt’s Sinai Cement has seen its net loss widen to EGP147.97m (US$9.45m) in the first quarter of 2021, compared to EGP105.8m in the year-ago period. However, net sales increased 33.5 per cent YoY to EGP282.63m from EGP211.73m in the 1Q20. |
South Valley Cement's net losses narrow in first quarter16 June 2021, Published under Cement NewsEgypt’s South Valley Cement has posted a net loss of EGP35.69m (US$2.28m) during the first quarter of 2021, compared to a net loss of EGP41.39m in the year-ago period. The company’s revenue declined 30 per cent YoY to EGP62.12m from EGP88.75m in the 1Q20. |