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, accord...
Morocco
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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 o...
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 investm...
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 figures ...
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, down...
Ciments du Maroc demolishes Anza plant
Ciments du Maroc, part of Italcementi, is currently demolishing the old Anza cement works near Agadir. The plant was taken out of service more than five years ago, after the com...
Morocco: cement demand falls 6.3% in June
Moroccan cement consumption fell a further 6.3 per cent YoY to 1.16Mt in June following a similar decrease in May. This brings cement demand over the first six months of this ye...
Morocco sees 8.5% market contraction in May
Moroccan cement sales fell 6.3 per cent MoM and 8.5 per cent YoY in May 2015 to 1,266,114t, according to Ministry of Housing.
Addoha Group to build 0.5Mta Gabon works
Morocco’s Addoha Group announced plans to build a cement plant in Gabon’s capital, Libreville. The new EUR30m works will be operated through its CIMAF Gabon subsidiary. It will ...
New orders for Cemengal in South America and MEA
Cemengal has signed new orders for conventional grinding stations and its Plug&Grind ® solution to undisclosed customers in the South America, and the Middle East and Africa (ME...