Cement News tagged under: Tunisia

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Votorantim sees cement revenues fall 10% YoY in 2016

19 April 2017, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil...

Portland Valderrivas notes 7.6% fall in turnover in 2016

03 February 2017, Published under Cement News

Portland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In addition, an EBITDA of EUR-226.4m was posted at the end of 2016, exacerbating the loss of EUR-73.2m reported the prior year. Cement sales slipped 1.7 per cent from 7.3Mt in 2015 to 7.2Mt in 2016 while the concrete division noted a 10.2 per cent drop in sales to 225,000m3. Aggregate sales increased by +26.4 per cent t...

Tunisia: Carthage Cement reports positive 2016

03 February 2017, Published under Cement News

Tunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016. Domestic sales advanced 13 per cent from TND114.7m to TND126.4m. The company’s market share is estimated at around 19 per cent, up from 16.8 per cent in 2015. Exports reached TND22.175m with Carthage Cement accounting for a 17.8 per cent market share. Cement production rose by nine per cent when compared with 2015. However, the company’s ready-mix turnover saw its...

Algeria’s plan to cease imports from 2017 to affect Tunisian cement industry

01 November 2016, Published under Cement News

Ibrahim Chbili, Director General of Manufacturing Industry of Tunisia’s Ministry of Industry, has said that the decision made by Algeria to cease importing cement by 2017 and become self-sufficient in its supply is expected to affect the Tunisian cement industry. At present Algeria buys around 95 per cent of Tunisian cement exports, which reached 1.8Mt in 2015 before registering a drop to 1.2Mt in the first nine months of 2016.  With new capacity coming online, Algeria expects to be self-...

Tunisia: new Sidi Bouzid cement works online in 2018

26 October 2016, Published under Cement News

Tunisia will see a new 1Mta cement plant entering service in 2018 in Sidi Bouzid, according to the Director General of the Manufacturing Industry Brahim Chebli. "This new project whose cost is estimated at TND500m will be launched in 2018," the official said in an interview with African Manager.  It is expected that the new works will also generate 300 new jobs.

Tunisia: Carthage Cement increases domestic market share

19 October 2016, Published under Cement News

Carthage Cement's turnover for the first nine months ended 30 September 2016 grew 17 per cent, compared to the same period in 2015. It sold cement to the value of TND149m (US$66.2m) compared to TND125.5m (US$55.7m)  in Jan-Sep 2015. Product orders increased by 16 per cent. Local market sales reached TND95.12m, compared with TND78.5m in 2015, an increase of 21 per cent. Carthage Cement now has a 19 per cent market share, expanding from 15.47 per cent in 2015. Export sales fell by two p...

Tunisia: Ciments de Bizerte increases sales by 24.5% in 2Q16

04 August 2016, Published under Cement News

Tunisia's domestic cement sales were up 4.37 per cent in 1Q16, but slumped 5.12 per cent by 30 June 2016. However, Ciments de Bizerte saw its domestic sales increase 65 per cent at the end of 1Q16 and by a further 24.5 per cent at the end of the second quarter. By 30 June 2016, the company's cement sales reached TND33.3m (US$15.1m) an increase of 28.03 per cent over 2015, or by over 65,000t. Ciments de Bizerte market share also increased from 6.18 per cent to 8.34 per cent YoY by the en...

Border closure costs Cementos Molins EUR25m

06 June 2016, Published under Cement News

The closure of the border between Tunisia and Libya and the regional political tension has seen Cementos Molins’ assets depreciate by EUR25m as exports have fallen, according to sources close to the company. Cementos Molins, who owns two cement businesses in Tunisia, reported sales of EUR646m in 2015, representing an increase of 20 per cent YoY with profits at EUR50.8m, up 64 per cent. However, its subsidiary Sotacib, which produces white cement, reported losses of EUR7.2m and has been in ...

Tunisia: petcoke shortage risks near-doubling cement price

13 May 2016, Published under Cement News

Tunisia’s Industry Ministry is looking into to alternatives to alleviate the petcoke shortage in the country. Importing petcoke is proving to be difficult as El Fouledh port, temporarily tasked with importing the fuel, is not able to receive the ships and volumes required for the cement industry. At present, works at the port of Ciment de Bizerte prevent petcoke imports at that location. The petcoke shortage risks the closure of several cement plants in Tunisia unless they can successfully...

Tunisia: Ciments de Bizerte completes quay

21 April 2016, Published under Cement News

Ciments de Bizerte is scheduled to complete the development project of its shipment quay by June 2016. The upgraded quay will enable the company to expand its clinker and cement exports as well as enable the unloading of petcoke for the entire domestic cement industry.