Cement News tagged under: Tunisia

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SOTACIB reopens after labour dispute

10 December 2019, Published under Cement News

Tunisian white cement producer SOTACIB will restart its activities on 10 December, following three months of shutdown, confirmed the Governor of Kairouan, Mohamed Bourguiba. The suspension of activities was due to protests and disputes between the administrative and trade union parties. An agreement was signed between the Regional Labour Union, the Regional Union of Industry and Commerce, the Regional Labour Inspector and representatives of the base union.

Carthage Cement reports TND76m net loss

25 November 2019, Published under Cement News

Tunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year. The company managed to reduce its operating deficit by nearly TND4m, the net financial charges rose from TND49.4m in 2017 to TND65m at the end of December 2018. Operating expenses increased 32 per cent YoY to 262.9m as consumable purchases rose. Personnel changes remained almost unchanged at TND28.5m.

Carthage Cement reports 7% rise in 9M revenues

29 October 2019, Published under Cement News

Tunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period. The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output...

Carthage Cement adopts financial restructuring plan

11 October 2019, Published under Cement News

Tunisian cement producer Carthage Cement has presented its 2019-23 business plan. In terms of financial restructuring Carthage Cement will carry out a capital increase of TND223,774,733 and see its share capital rise to TND395,909,146. The share issue price is TND1.20 (TND1 nominal value and TND 0.20 issue premium) and a parity of 13 new shares for 10 old shares. The financial restructuring will also include a cash contribution of TND153,729,552 with the balance by conversion of receivables....

Ciments de Bizerte posts 5% rise in 2Q turnover

29 July 2019, Published under Cement News

Ciments de Bizerte posted a 4.5 per cent rise in turnover to TND22.4m (US$7.8m) in the second quarter of 2019 when compared with the equivalent period in 2018. Cement production decreased by 4.1 per cent YoY in the 2Q19 to 143,283t. However, clinker output rose 7.3 per cent YoYt to 166,810t. Following completion of annual maintenance work, the company expects a significant rise in production, sufficient to meet domestic and export demand.

Ciments de Bizerte reports 7% rise in 1Q total revenues

26 April 2019, Published under Cement News

Tunisia-based Les Ciments de Bizerte has reported a 6.9 per cent rise in total revenues to TND19.416m (US$6.4m) in the 1Q19 thanks to its resumption of exports, according to l’Economiste Maghrébin. Domestic sales in the period increased 5.1 per cent to TND19.364m while export sales reached 328,193t, up 25.7 per cent YoY. Output from the company’s production base fell 16.8 per cent YoY to 124,445t of cement in the 1Q19 while clinker production fell by 43.3 per cent YoY to 130,640t. The decr...

Carthage Cement sees revenues up 3% in 1Q19

23 April 2019, Published under Cement News

Tunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m. The company’s clinker and cement output expanded 10 and 26 per cent, respectively when compared with the 1Q18. However, clinker exports were down YoY to TND8.5m due to disruption at the ports, which led to deliveries being postponed from March to April 2019. In aggregates production increased by three per cent YoY b...

Tunisian cement producers sign new AF charter

17 April 2019, Published under Cement News

Nine Tunisian cement plants have signed a new charter on sustainable development and social responsibility, which seeks to harness new energy and alternative fuels produced through waste recovery. "The industrialists of nine cement plants, signatories of this charter, will be led to use the waste and to valorise non-recyclable and non-reusable products as alternative fuel," said Samir Majoul, president of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA). Mr Majoul ...

New Carthage Cement tender to launch in June

01 March 2019, Published under Cement News

Three months following the announced lack of tender success for the sale of the shares held by the Tunisian state in the capital of Carthage Cement, a financial restructuring, including the transfer of a block of shares representing 50.52 per cent of the capital, is being implemented at the cement plant to launch a second call for tenders by June 2019, according to ilBoursa. To restore financial stability and encourage compliance with future banking commitments of the cement producer, Al Ka...

Tunisian clinker exports surge in 2018

18 February 2019, Published under Cement News

Clinker exports in Tunisia increased 382 per cent to 1.5Mt in 2018 when compared with 311,000t in 2017, according to data published by the country’s Ministry of Industry and Small- and Medium-Sized Enterprises. Cement exports edged up by 3.7 per cent YoY to 273,000t in 2018. In terms of clinker production, output rose by 6.7 per cent YOY to 7.353Mt from 6.89Mt in 2017. Cement production remained stable at 7.3Mt when compared with 2017. Domestic market demand also remained level at 7Mt ...