Italcementi launches five-year bond, Italy
Italcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according t...
Morocco
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CIMAF builds cement plant in Burkina Faso
Morocco’s Ciments d’Afrique (CIMAF) is building a cement works in the industrial zone of Kossodo, Burkina Faso. On Saturday, 19 January 2013 the first stone was laid in the pr...
Morroco to add 5.9Mta of new capacity by 2017
Competition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following...
Citigroup lowers Italcementi price target, Italy
Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 201...
Moroccan cement market enters quiet period
After returning healthy figures in 2011 and at the start of 2012, Moroccan cement producers have found April more of a challenge. "The beginning of 2012 was very encouraging...
Addoha Group to construct Cameroon plant
Morroco's leading home builder Addoha Group will start construction of a EUR20m (US$25.9m) cement plant this month in Cameroon's economic capital Douala, the company said on We...
Lafarge Maroc reports slight decline in net profit, Morocco
Lafarge Maroc has reported a slight decline in net profit for 2011 while operating profit also fell due to escalating input costs and stagnating cement prices. The company s...