Cement News tagged under: North Africa
Arabian Cement back in profit in 9M2218 November 2022, Published under Cement NewsEgypt’s Arabian Cement Company has reported revenue of EGP3333.9m (US$135.9m) in the first nine months of 2022, up from EGP1568.1m in the same period a year earlier. Profit after tax in the 9M22 came in at EGP244.7m, compared to a loss of EGP24.5m in the first nine months of 2021. Earnings per share over the same period advanced from -EGP0.08 to EGP0.63. Domestic sales accounted for EGP2597.9m of total revenue in the 9M22, with exports (EGP575.9m) and services (EGP160.1m) making up the... |
Arabian Cement Co amends solar power contract09 November 2022, Published under Cement NewsArabian Cement Co (ACC) has announced the signing of an amendment to its 2019 contract with Amarenco SolarizEgypt (ASE) to establish a Solar Photovoltaic (PV) plant at its Suez facility. The amendment to the agreement aligns with updated regulations recently issued by 'EgyptERA', the Egyptian Electric Utility and Consumer Protection Regulatory Agency. The adjusted contract limits the total solar capacity contracted to 30MW with a maximum of 25MW per one project. Currently, the total sol... |
Moroccan cement dispatches down 16% in October08 November 2022, Published under Cement NewsCement deliveries by APC members in Morocco declined by 16.4 per cent YoY to 1,048,975t in October 2022 from 1,254,798t in October 2021, according to the Moroccan cement association, APC. The association’s members include Asment Temara, Ciments du Maroc and LafargeHolcim Maroc. In the first 10 months of 2022, deliveries were down 9.2 per cent YoY to 10.432Mt from 11.491Mt in the 10M21. |
Study aids decarbonisation plans in emerging markets20 October 2022, Published under Cement NewsA recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, titled ‘Paving the way for a better future’, was carried out by the Concrete Action for Climate initiative of the Mission Possible Partnership, co-led by the Global Cement and Concrete Association (GCCA), the World Economic Forum, in collaboration with Boston Consulting Group (BCG), and centred on four emerging markets ... |
Morocco sees deliveries decline 16% in September18 October 2022, Published under Cement NewsMembers of Morocco’s cement association, APC, have seen their total cement deliveries decrease by 15.8 per cent to 1,174,683t in September 2022, according to IPSOS data. In September 2021 deliveries reached 1,395,542t. In the January-September 2022 deliveries declined by 8.3 per cent YoY to 9.383Mt from 10.237Mt in the 9M21. APC members supplying delivery data include Asment de Temara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc . |
Carthage Cement reports 10% increase in 9M turnover14 October 2022, Published under Cement NewsTunisia-based Carthage Cement posted a turnover of TND262m (US$8.2m) at the end of September 2022, compared to TND239m in the 9M21, representing an increase of 10 per cent YoY, according to African Manager. The company attributes the rise in turnover to a 25 per cent hike in export revenues and a seven per cent advance in domestic sales. Export turnover increased to TND41.2m in the 9M22 from TND32.9m in the year-ago period. Local turnover advanced to TND198.4m in the January-September 202... |
Ciments de Bizerte reports TND12m loss in 1H2229 September 2022, Published under Cement NewsTunisia-based Ciments de Bizerte posted a loss of TND11.9m (US$3.6m) in the first half of 2022 when compared with a profit of TND1.3m in the 1H21. The company’s operating result is a loss of TND7.2m in the 1H22 when compared with a profit of TND6.8m in the 1H21. Revenues were down to TND57.8m in the 1H22 from TND72.3m in the year-ago period. The company has attributed the fall due to a decline in both domestic and export markets. In addition, the company saw a 56 per cent rise in petco... |
LafargeHolcim Morocco reports 27% drop in 1H net income28 September 2022, Published under Cement NewsLafargeHolcim Maroc posted a 27 per cent YoY drop in net income to MAD759m (US$69.5m) at the end of June 2022. Consolidated turnover stood at MAD4004m, level with the year-ago period as the company faced unfavourable market conditions and a sharp rise in input prices. Operating income was down 17 per cent to MAD1464m as fossil energy prices surged and were only passed on to prices partly. In addition, the increase in social contributions to MAD176m also impact the group’s 1H22 result. ... |
Votorantim Cimentos Maroc signs JV for industrial waste pre-treatment platform23 September 2022, Published under Cement NewsVotorantim Cimentos Maroc and Veolia Group have signed a joint venture shareholding agreement for the implementation of an industrial waste pre-treatment platform. This action is part of Votorantim Cimentos Maroc’s efforts to decarbonise the sector, aligned with United Nations commitments that align with the objectives of the Paris Agreement. This platform will allow the African cement producer to reduce energy-related CO 2 emissions by maximising the recovery and co-treatment of ... |
Private investor ups stake in Arabian Cement14 September 2022, Published under Cement NewsPrivate investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The deal was handled by Al Ahly Pharos and EFG Hermes Holding. The opening six months of 2022 saw ACC post revenue of EGP2.129bn (US$111.2m), significantly up from EGP964.9m in the same period a year earlier. Consolidated profit surged from a net loss of EGP23.28m to a profit of EGP119.49m over the same period. . |