Cement News tagged under: Tunisia

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Tunisia: Carthage Cement turnover up 43% in 1Q16

12 April 2016, Published under Cement News

Tunisian cement producer Carthage Cement posted a 43 per cent rise in turnover to TND53.472m (US$26.78m)  in 1Q16 when compared with the equivalent quarter of 2015.  Sales were strong in both domestic and export markets. Tunisian deliveries reached TND31.366m, up 33.4 per cent YoY, and increased the company’s market share to just under 18 per cent (2015: 14 per cent). Exports rose by 51 per cent to TND8.605m, increasing its export market share from 12.4 per cent to 18.2 per cent in 1Q16. ...

Tunisia: Carthage Cement reduces debt

29 January 2016, Published under Cement News

The overall turnover of Carthage Cement, all activities included, posted a positive growth of +55, reaching TND56.774m (US$27,816m) in the last quarter of 2015 against TND36.639m in 2014. This allowed the company to close the year 2015 with a turnover of around TND184.271m against TND169.490m in 2014. The company’s overall indebtedness at 31 December  2015 decreased by -1% to TND512.8m.

Tunisia: Ciments de Bizerte sees 1.78% turnover rise in 2015

22 January 2016, Published under Cement News

Tunisia’s Les Ciments de Bizerte posted a turnover of TND57.177bn (US$27.9bn) in 2015, up 1.78 per cent YoY. Domestic turnover saw a rise of 14.83 per cent to TND56.9m while exports have slumped by 96.3 per cent. The export low has been attributed to the instability of the Algerian market and the near-absence of Libyan demand. The company’s indebtedness has increased by 32.9 per cent to TND97.5m from TND73.4 at the end of December 2014.

Tunisia: Ciments de Bizerte 3Q15 sales up 2.3%

23 October 2015, Published under Cement News

Turnover of Les Ciments de Bizerte advanced 2.3 per cent YoY in 3Q15. Although sales volumes in the domestic market fell by 3.7 per cent YoY, revenues rose by 21.4 per cent YoY. The company saw a decline in export revenues on the back of a volatile market in Algeria and a lack of demand in Libya. Clinker output rose by 55,050t or 47.5 per cent when compared to 3Q14.

Carthage Cement posts 19% rise in 3Q15 turnover

15 October 2015, Published under Cement News

Tunisia-based Carthage Cement increased its cement production by 52 per cent YoY in 3Q15. Cement turnover rose by 24 per cent during this period but clinker sales fell as the company did not sell clinker to avoid competition with its own product and promote the sales of cement, the finished product with high added value. This strategy allowed Carthage Cement to consolidate its domestic market share which climbed from 10.9 per cent in September 2014 to 16.7 per cent one year later. In the ...

Tunisia: CMG receives government approval for 1.2Mta plant

29 July 2015, Published under Cement News

Ciment de la Méditerranée Gafsa SA (CMG) has received the approval of the Ministry of Industry, Energy and Mines to construct a 1.2Mta greenfield plant. The works, with a clinker capacity of 1Mta, represents an investment of around US$220m. CMG is a joint venture between Ahmed Bouchamaoui International Group, Antonio Lopez Banos and the Ricardo Mella International Group.

Carthage Cement sees 2014 rise in sales but 1Q15 slips

15 July 2015, Published under Cement News

Carthage Cement experienced a positive start to 2014 although faced a more challenging market environment in the second half of the year, according to the company’s 2014 annual report. In 2014, Carthage Cement produced 1.346Mt of clinker and 1.022Mt of cement. While in the first five months, Tunisia’s cement market experienced growth, from June onwards, this decelerated and stalled. As a result, Carthage Cement increased its exports, including 216,819t to Algeria, and effectively positione...

Fitch withdraws Societe des Ciments d'Enfidha ratings, Tunisia

24 June 2015, Published under Cement News

Fitch Ratings has affirmed Tunisian building materials group Societe des Ciments d'Enfidha (SCE) National Long-term rating of 'BBB(tun)' with Stable Outlook and National Short-term rating of 'F3(tun)'. However, Fitch simultaneously withdrew the ratings because it no longer has sufficient information to maintain them. Accordingly, Fitch will no longer provide ratings or analytical coverage for SCE. Key ratings drivers Leading market position Fitch notes that SCE demonstrated a capaci...

Tunisian cement demand falls 6.5% in 4M15

11 June 2015, Published under Cement News

In the first four months of 2015, the Tunisian cement marked contracted by 6.5 per cent YoY to 2.4Mt, according to the latest data revealed by Taoufik Khardani, deputy director of building materials industries at the country’s Ministry of Industry. However, exports were up by 28 per cent from 461,000t to 590,000t. Tunisia’s cement producers manufactured 2.98Mt of cement, down 5.6 per cent on 4M14, when 3.16Mt of cement was produced.

Secil 1Q15 boosted by Angola operations

02 June 2015, Published under Cement News

Semapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ...