Cement News tagged under: North Africa
South Valley Cement narrows loss in 1H2318 August 2023, Published under Cement NewsEgyptian cement producer South Valley Cement has announced sales of EGP464.01m (US$15.02m) in the first half of 2023, up from EGP326.11m in the same period a year earlier. The 1H23 saw the company post a net loss of EGP76.25m, down 35 per cent YoY from the EGP117.01m loss seen in the opening six months of 2022. South Valley Cement, part of Building Materials Industries Co , currently runs one cement plant, located in Beni Suef. |
Misr Cement (Qena) reports revenue advance in 1H2317 August 2023, Published under Cement NewsEgypt-based Misr Cement (Qena) Co has reported net sales of EGP1900m (US$61.49m) for the six months ended 30 June 2023, up from EGP1295m in the same period a year earlier. Net profit before income taxes for the 1H23 has come in at EGP86.37m, down from EGP101.46m in the opening six months of 2022, while operating income has advanced from EGP131.62m in the 1H22 to EGP172.98m in the same period the following year. The second quarter of 2023 saw net sales of EGP994.39m, an advance on the EGP... |
Morocco’s cement market expands by 24% in July14 August 2023, Published under Cement NewsMoroccan cement deliveries by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc in July 2023 increased by 23.9 per cent YoY to 780,927t from 630,479t in July 2022, according to the Ministry of National Territory Planning, Land Planning, Housing and City Policy, based on APC data. The key retail sector saw a 23 per cent YoY advance to 526,847t in JulY 2023 when compared with 428,521t in July 2022. Ready-mix concrete producers increased their off take by... |
Ciments de Bizerte sees 21% drop in 2Q sales revenue11 August 2023, Published under Cement NewsTunisia-based Société Les Ciments de Bizerte reported a 20.9 per cent fall in total sales to TND24,494,717 (US$7.011m) in the second quarter of 2023 from TND30,961,761 in the 2Q22. All sales were within Tunisia due to a halt in exports due to a lack of competitiveness following a surge in energy costs. Compared with the 2Q22, domestic revenues were down 6.9 per cent from TND26,310,909, following a 19.5 per cent drop in sales across the board (cement, clinker and lime) in the 2Q23. Cement ... |
Carthage Cement advances 1H turnover by 24%18 July 2023, Published under Cement NewsTunisia-based Carthage Cement increased its turnover by 24 per cent YoY to TND208.546m (US$68.92m) in the first half of 2023, according to information on the Tunis Stock Exchange. The improvement of the company’s results is attributed to a jump in 1H cement sales with local sales increasing by 25 per cent YoY to TND158.822m and exports by 19 per cent to TND31.284m. In addition, the company’s aggregate sales advanced by 38 per cent YoY to TND11.227m. |
Morocco's cement market contracts 14% in June06 July 2023, Published under Cement NewsTotal cement deliveries by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc declined 14.4 per cent YoY to 1,052,975t in June 2023 from 1,229,937t in June 2022, reported the country’s Ministry of National Territory Planning, Land Planing, Housing and City Policy, based on APC data. Construction companies reported a 30.6 per cent YoY drop in offtake to 38,702t in June 2023 while the retail sector saw sales fall by 17 per cent YoY to 610,166t. Deliverie... |
Lafarge Algeria increases cement exports in 1H2326 June 2023, Published under Cement NewsLafarge Algeria ( Holcim ) has announced improved export results for the 1H23. Thanks to the support of the Algerian authorities and close collaboration with its partners, Lafarge Algeria exported nearly 1.7Mt of products, 39 per cent of which were 'cement' finished products valuing more than US$80m. Volumes were helped by the start up of the automatic shiploader at Djenden Port, with 18,000tpd capacity. |
Tunisia’s times of uncertainty19 June 2023, Published under Cement NewsThe Tunisian cement sector is striving to maintain profitability as the domestic construction sector struggles to sustain a post-pandemic recovery. Exports are providing one way for the domestic players to offset weak demand, while prices have risen substantially to offset the steep cost inflation. Tunisia’s cement producers are finding their feet again after the COVID-19 pandemic, but rising inflation and higher building costs remain a challenge (© Romas) Tunisia has seen ch... |
Morocco’s cement deliveries up 26% in May08 June 2023, Published under Cement NewsCement deliveries in Morocco saw a 25.7 per cent advance to 1,189,110t in May 2023 from 945,706t in May 2022, reported the country’s Ministry of National Territory Planning, Land Planing, Housing and City Policy, based on APC data. In terms of market segments, the key retail sales were up 18.5 per cent YoY to 740,303t, followed by the ready-mix concrete sector received 221,378t, up 48.3 per cent YoY. Deliveries to the prefabrication segment were up 34.2 per cent You to 113,938t while dispat... |
Suez Cement invests millions in sustainability targets06 June 2023, Published under Cement NewsSuez Cement , part of the Heidelberg Materials Group , continues to invest heavily in its environmental sustainability efforts. According to the company, since 2010 it has spent US$60m on technology to lower dust emissions throughout its operations, resulting in an 80 per cent reduction in dust emissions by the end of 2020, compared to the company’s 2012 baseline. A further US$16m was invested in non-fossil-based fuels with the installation of alternative fuel (AF) technology in its pla... |