Cement News tagged under: Tunisia

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Carthage Cement records 29% increase in turnover

26 October 2018, Published under Cement News

Tunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period.

New Carthage majority shareholder known by end November

25 October 2018, Published under Cement News

The new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spain) and Cemolins Internacional (Spain).

Ciment de Bizerte exports clinker to Italy

08 May 2018, Published under Cement News

Ciment de Bizerte scheduled a ship to sail on 3 May from Tunisia to Italy, carrying around 8000t of clinker, as part of its export programme and continued performance tests of the company's new wharf facilities. The company has scheduled an additional 30,000t of clinker exports later in the month as well as the unloading of a petcoke vessel to ensure the smooth running of its facilities. Last month Ciment de Bizerte resumed exports to Cameroon .

Carthage Cement records 25% revenue increase

24 April 2018, Published under Cement News

Tunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in production from 15 March for a month, due to a dispute between the subcontracting company (NLS) and a group of workers. Elsewhere, the company's clinker production increased 126 per cent YoY during the period. This has been attributed to the realisation of its first clinker export contract, which it expects to execute by t...

Ciments de Bizerte resumes exports after a decade

04 April 2018, Published under Cement News

Ciments de Bizerte has restarted exports after 10 years with a 25,000t shipment of clinker to Cameroon. The consignment is part of the company’s renewed efforts to enter the export markets with bulk deliveries of clinker and cement. The Tunisian cement producers plans to export large volumes of clinker and bulk to African and Mediterranean markets, its CEO, Jalel Ben Ohman told TAP news agency. Ciments de Bizerte is investing TND250m (US$104m) in modernising its packing equipment and upgra...

Al Karama Holdings names six prequalifiers for Carthage Cement

21 March 2018, Published under Cement News

Six foreign groups have submitted bids for the acquisition of a 50.52 per cent interest in Tunisian cement producer Carthage Cement, according to Al Karama Holding, the company responsible for managing companies confiscated by the Tunisian state from the former regime of Zine El Abidine Ben Ali. Companies interested in purchasing the stake are Cementos Portland Valderrivas (Spain), Cemolins Internationacional SL (Spain), Omnium des Industries et de la Promotion (Morocco), Eurocem (Malta) ...

Carthage Cement sees 12% sales drop

25 January 2018, Published under Cement News

Tunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per cent YoY. The company invested some TND12.26m in 2017, down 40 per cent when compared with the p...

Bizerte sees 4% rise in turnover, but debt weighs

23 January 2018, Published under Cement News

Tunisia-based Société Les Ciments de Bizerte improved its turnover by 3.7 per cent to TND63.7m when compared with TND61.4m in 2016. The company’s cement and lime deliveries increased by 3.2 per cent from 607,050t to 626,591t in 2017. Clinker production increased by just under seven per cent. Les Ciments de Bizerte expects to commission new quay facilities in the first quarter of 2018 to support the company’s export sales and the discharge of petcoke for its cement works. However, ...

SOTACIB Feriana shutdown results in white cement shortage

23 January 2018, Published under Cement News

The production stop at the Feriana white cement plant of Société Tuniso-Andalouse de Ciment Blanc (SOTACIB) on 26 December 2017 has led to a shortage of white cement in the Tunisian market. The Tunisian Organisation for Consumer Information (OTIC) has warned against imports to fill the gap between demand and supply, stating imports were likely to be 2-3 times more expensive. The company announced on 5 January 2018 the plant would be closed from 19 January 2018 for a period of six mont...

Carthage Cement sale attracts foreign investors

29 December 2017, Published under Cement News

Sale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notifi...