Private investor ups stake in Arabian Cement
Private investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The de...
North Africa
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Energy crisis - plant closure warning
CEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures a...
Moroccan cement deliveries see 5% dip in August
Cement deliveries in Morocco declined 5.4 per cent to 1,071,990t in August 2022 when compared with August 2021, when 1,132,900t was dispatched, according to the country’s cemen...
Carthage Cement reports 5% fall in 1H net profit
Tunisia-based Carthage Cement posted a five per cent drop in net profit to TND15.3m (US$4.8m) in the 1H22 when compared with TND16.1m in the 1H21. Revenues in the January-J...
Ciment du Maroc reports 5% rise in turnover
HeidelbergCement Group -owned Ciments du Maroc posted a five per cent increase in turnover to MAD1.8bn (US$170.7m) in the 2Q22 from MAD1.7bn in the 2Q21. In addition, the ...
July deliveries drop 30% in Morocco
Cement deliveries by members of Morocco’s cement association, AFCP, declined by 29.8 per cent in July 2022 to 630,479t from 898,429t in July 2021, according to Ipsos. The data ...
Misr Qena Cement Co records 24% profit rise in 1H22
The consolidated financial statements of Misr Qena Cement Co revealed an increase in the company's profits by 24 per cent during the first half of this year. The company a...
Arabian Cement sees revenue and profit surge in 1H22
Arabian Cement has reported revenue of EGP2.129bn (US$111.2m) in the first half of 2022, significantly up from the EGP964.9m seen in the same period a year earlier. Consolid...
CBMI Engineering wins Algerian silo order
CBMI Engineering (Sinoma group) has signed a contract was signed with Lafarge Algeria (Holcim group) for the construction of cement storage silos at the Oggaz cement plant...
Ragland Cement plant inaugurates new 1.65Mta line
National Cement Co 's Ragland cement plant, in Alabama, USA, has completed a two-year, US$300m project to install a new production line with alternative fuels. The key...