Morocco: Ciments du Maroc cancels Safi wind farm project
Ciments du Maroc, an Italcementi subsidiary, has abandoned plans to construct a wind farm at its Safi site on Morocco’s Atlantic coast, SeeNews Renewables reports. The company ...
Morocco
247 posts · Page 20 of 25
The Mediterranean and beyond
The Mediterranean has always played a vital role in the world economy and international trade. In recent years its bordering countries have been affected by turmoil caused by v...
Moroccan cement demand slips 2.7% in April
Following a positive first quarter, Moroccan cement demand fell 2.7 per cent in April as construction activity slowed and the real estate market was subdued. The decrease break...
Ciments du Maroc sees rise in 2015 net profit
Ciments du Maroc, part of the Italcementi group, posted an 8.5 per cent rise in turnover to MAD3.73bn (US$376m) in 2015. Cement sales advanced 1.2 per cent while ready-mix conc...
Addoha reportedly to sell 30% African stake to HeidelbergCement
It has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transacti...
Moroccan market recovers in late 2015
Following a 21 per cent fall in September 2015, cement sales in Morocco rebounded in October and November as dispatches increased by 19.5 and 15.6 per cent, respectively, accor...
China’s ICBC and Anouar sign US$171m financing agreement
Morocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of China (ICBC) in the amount of US$171m for the construction ...
Morocco: Anouar Invest starts construction on second cement works
Moroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an inve...
Morocco: Cimar sees 7.6% EBITDA rise in 3Q15
Italcementi-owned Ciments du Maroc (Cimar), Morocco, saw its turnover rise 1.8 per cent to MAD823m (EUR77.4m) in 3Q15, according to analysts at BMCE Capital Bourse. The figur...
Morocco: September 2015 sales drop 21%
The Moroccan cement market contracted by 21 per cent YoY in September as sales fell to 1,029,736t. As a result, total cement sales for the year to date reached 10,508,851t, dow...