Cement News tagged under: North Africa
Beni Suef Cement sees 101% surge in net profit18 May 2020, Published under Cement NewsEgypt’s Misr Beni Suef Cement has reported a 101 per cent YoY increase in net profit to EGP59.37m (US$3.77m) in the first quarter of 2020, compared to EGP29.53m in the corresponding period of last year. However, sales declined 7.1 per cent YoY to EGP404.96m from EGP435.97m. |
Egyptian cement demand falls almost 10% in April15 May 2020, Published under Cement NewsThe Egyptian cement industry's sales volumes for April, excluding exports, dropped 9.7 per cent MoM and 13.4 per cent YoY. Moreover, local sales witnessed almost the same level of drop of 9.2 per cent MoM and 12.6 per cent YoY, respectively. The cement demand fell during April and May as construction activity slowed, impacted by the ongoing coronavirus containment measures and Ramadan. Egypt's cement industry has for some time been struggling with a supply glut of more than 40 per cent, wh... |
Alexandria Portland Cement sees net loss contract in 1Q2014 May 2020, Published under Cement NewsEgypt’s Alexandria Portland Cement has seen its consolidated net loss contract 54 per cent YoY to EGP35.82m (US$2.27m) in the first quarter of 2020, compared to a loss of EGP77.58m in the year-ago period. Company revenues saw a minor fall in revenue to EGP575.1m from EGP581.3m. As for its standalone business, net losses widened to EGP28.57m from EGP27.73m in the 1Q19. |
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’... |
When the going gets tough06 February 2019, Published under Cement NewsThe north African cement sector is facing a challenging time as declining demand has put into perspective the current overcapacity in the industry. With most of the region affected, export options are limited. Higher energy costs have also brought further challenges in some countries. By Kais Kriaa and Fatma Charfi, Alpha Mena, Tunisia. With production capacity tipped to reach 30Mta in 2019, Algeria’s cement industry has been transformed and has now become a net exporter of cement.... |
Carthage Cement records 29% increase in turnover26 October 2018, Published under Cement NewsTunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period. |
Gebr Pfeiffer wins new order in Algeria09 June 2017, Published under Cement NewsSociété Saoura Ciment has contracted Gebr Pfeiffer to supply a vertical roller mill for its new greenfield plant in Bechar, Algeria. The cement producers has ordered n MVR 5000 R-4 for cement raw material grinding. With a total drive power of 3800kW the mill has the capacity to grind 50tph to a fineness of a maximum 12 per cent R0.090mm. Delivery of the equipment is planned for the first half of 2018. The contract comes after Société Saoura Ciment had switched to Gebr Pfeiffer technolo... |
FLSmidth wins North African plant project18 May 2017, Published under Cement NewsFLSmidth has won a EUR100m contract to build a 12,000tpd greenfield cement plant in North Africa. The contract includes engineering, equipment supply, construction supervision, commissioning and training and the plant will mainly supply cement to its local market. "We are extremely proud to have been chosen as the preferred supplier of this cement plant. It marks the culmination of a close collaboration between the customer and FLSmidth, enabling us to deliver a state-of-the-art cement pla... |
Cemex to open export terminal in Italy to boost Spanish operations03 June 2014, Published under Cement NewsCemex intends to give its Spanish operations a boost through the construction of a cement export terminal in Italy. The facility will also serve as an export base from other European plants, particularly to north Africa. Cemex plans to raise its share of exports from Spain from 35 to 60 per cent to counteract the slowdown in the domestic market. The ongoing downturn in the Spanish market, where demand is around 11Mt, has caused a considerable overcapacity as cement producers currently... |
Moroccan 1H13 double digit sales fall10 July 2013, Published under Cement NewsCement sales in Morocco have hit a new low, with 1H13 figures noting a 12.6 per cent fall YoY as the real estate and public works sectors experienced a slowdown in activity. The downturn in the real estate sector is particularly prevalent in medium-sized and top-end housing construction. Meanwhile, public works have felt the impact of the government’s decision to cut its investment budget by MAD15bn. Moreover, the expansion of the infrastructure segment during 2008-12 has now come to ... |