Cement News tagged under: Tunisia

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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 ...

Ciments de Bizerte registers 20% drop in 1Q15 turnover

22 April 2015, Published under Cement News

Tunisia’s Ciments de Bizerte saw its turnover fall by 19.6 per cent YoY in 1Q15 to TND11.115m. In Tunisia, the figure fell by 11.5 per cent as domestic demand fell by 9.7 per cent. However, the company noted a 84 per cent drop in exports due to the volatility of the Algerian market and the weak demand from Libya.

Spain: Cementos Portland reports EUR29.5m loss

16 April 2015, Published under Cement News

FCC-owned Cementos Portland closed the first quarter of 2015 with a EUR29.5m loss, representing a 21.2 per cent higher figure when compared with 1Q14. The cement company attributes the fall to lower CO2 sales and new accounting rules relating to annual maintenance costs. Taking into account these effects, results improve by EUR7m. Revenues increased 9.4 per cent to EUR121.8m as the company maintained stable cement sales of 1.6Mt. However, concrete deliveries were down 43 per cent to 66M...

Tunisia: Bizerte cuts cement price

04 March 2015, Published under Cement News

Ciment de Bizerte is lowering its whole-sale cement price from MAD149.9/t to MAD147.9/t for bagged cement while bulk cement will cost MAD127.4/t to MAD130.4/t. Earlier Carthage Cement had announced a drop in its prices. Ciment de Bizerte forecasts a production of 1Mt in 2015 as the producer noted it was running at full capacity since the start of the year after the renovation of one of its kilns to increase capacity to 1.2Mta.

Tunisia: Carthage Cement cuts cement price

20 February 2015, Published under Cement News

In the past few days, Carthage Cement has lowered the price of cement by TND6/t for bagged cement and TND10/t for bulk. For instance, a bag of OPC will now cost TND141,640/t while its bulk equivalent will cost 122,500/t. The step comes as the Tunisian government is gradually removing its subsidies in the energy sector. Mostafa Hamrouni, president of the national Chamber of Cement Manufacturers said that "the professionals of cement industry and regulators exert the effort required to cont...