Cement News tagged under: Tunisia

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Al Karama restarts Carthage Cement share sale

01 June 2020, Published under Cement News

Following a forced break due to the coronavirus pandemic, Al Karama Holding, restarts the process to divest a stake in Carthage Cement to a strategic investor who is able to lead and develop the Tunisian cement producer. The stake of shares up for sale at least 58.2 per cent, according to Il Boursa, a significant step-up from the 50.52 per cent initially up for offer when the company gauged interest on 15 December 2017. However, the final stake sold may be as high as 78 per cent. Interes...

Ciments de Bizerte sees turnover rise in 1Q20

18 May 2020, Published under Cement News

Tunisia’s Ciments de Bizerte has seen an 18.7 rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turnover from exports also increased as dispatches to Libya resumed during the first quarter, according to the African Manager. However, the company suspended production and sales when the general lockdown was announced. Therefore, the overall turnover until 23 March reached TND24.9m. Elsewhere, clinker production grew more t...

Carthage Cement sees 1Q turnover up 6%

17 April 2020, Published under Cement News

Tunisia’s Carthage Cement reported a six per cent rise in turnover to TND63.617m (US$22m) in the 1Q20 when compared with TND59.771m in the equivalent period of 2019. The company also announced it suspended production and sales of aggregates, clinker and ready-mix concrete from 20 March to reduce the spread of the coronavirus. The first quarter also included a technical shutdown for the annual maintenance campaign of the kiln line. As a result, clinker out put reached 145,815t on 31 March 2...

Société de Ciment de Bizerte halts cement sales

14 April 2020, Published under Cement News

Tunisia’s Société de Ciments de Bizerte announced a temporary stop to cement sales until 19 April. The company said it had not seen a single case of coronavirus in its employees but would halt sales as a precaution. Government-owned Société de Ciment de Bizerte operates a 1.5Mta plant on the northern Tunisian coast.

Carthage Cement completes capital increase

31 March 2020, Published under Cement News

Tunisia’s Carthage Cement has successfully completed a capital increase for TND206m (US$71.89m) or 77 per cent of the initial operation. The capital increase was carried out through MAC SA, a stock market intermediary, and will serve to rebalance its financial structure and reduce debt. As a result, the company’s capital will rise to TND343.6m.

Carthage Cement increases capital with TND206m

25 March 2020, Published under Cement News

Tunisia’s Carthage Cement has closed its capital increase with a value of TND206m (US$70.9m), about 77 per cent of its initial sum (TND268.5m), according to ilBoursa. The operation has been hailed a success by the news service under the current conditions. The capital increase was carried out with Bourse MAC SA as intermediary and served to rebalance the company’s financial structure and lower its debt. The company’s capital now stands at TND343.6m.

Medcem's Tunisian investment

18 February 2020, Published under Cement News

Hanacem Tunisia is a subsidiary of Medcem Global, the sole cement and clinker exporting company for Turkey-based Eren Holding. To support export operations Medcem constructed the Hanacem grinding plant in Gabès, Tunisia, given that the country serves as a regional hub and platform to north African target markets. By Hanacem Tunisia, Tunisia. Hanacem Tunisia’s 0.6Mta grinding is situated in the Gabès industrial zone, Tunisia Medcem’s integrated flagship cement facility is situate...

Carthage Cement to start exports to Europe

12 February 2020, Published under Cement News

Following the award of a CE mark, Tunisia-based Carthage Cement will start exports to Europe from March 2020 onward, reports ilBoursa. The first shipment will consist of  150,000t of cement. “This operation marks a new horizon and a new opportunity for the company as part of its drive to diversify the destinations of its products and its commercial fulfilment,” said the company in a statement.

North Africa in focus

10 February 2020, Published under Cement News

North 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’...

Ciments de Bizerte posts 32% increase in turnover in 2019

31 January 2020, Published under Cement News

In the 4Q19 Tunisia-based Ciments de Bizerte saw its local turnover increase by 56.6 per cent YoY to TND29.068m (US$10.3m) from TND18.559m in the 4Q18. Export turnover reached TND2.561m. For the full-year 2019 Ciments de Bizerte reported a 32.3 per cent rise in turnover to TND97.104m, up from TND73.388m in 2018. In terms of clinker production, the company manufactured 242,409t in the 4Q19, up from 119,631t in the 4Q18. Cement output advanced by 33.4 per cent to 186,888t in the last quarter...