Cement News tagged under: Tunisia

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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...

Carthage Cement reports 5% turnover rise in 2019

24 January 2020, Published under Cement News

Tunisia-based Carthage Cement saw its total revenues increase by five per cent to TND249.6m (US$4.9m) from TND238.2m in 2019. Cement production rose 17 per cent YoY to 1.478Mt (2018: 1.263Mt). Clinker output was up six per cent to 1.5Mt when compared with 1.42Mt. Domestic revenues were up 33 per cent YoY to TND199.7m in 2019 from TND149.9m in the previous year and a market share of 19 per cent was reported by ilBoursa. In addition, the company re-entered the export markets from the 3Q19, w...

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.