South Valley Cement sees net loss narrow in 2020
Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declin...
North Africa
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Algeria starts clinker exports to France
CILAS commenced Algerian clinker exports to France with a 9000t shipment of clinker from the port of Skikda. In the coming weeks, other shipments of 10,000t will leave Algeria f...
Arabian Cement reports net loss in 2020
Egypt’s Arabian Cement Co has reported an EGP122.78m (US$7.8m) net loss during 2020, compared with an EGP28.92m profit in the previous year. Sales revenues declined 20 per cent ...
Moroccan market contracts 12% in January
Cement deliveries in Morocco by members of the country’s cement association, APC, saw a 12.3 per cent drop in January 2021, according to data published by the Ministry of Urbani...
Building Biskria Cement Premium
CBMI Construction Co Ltd was awarded the contract for a 2 x 6000tpd cement plant project by Biskria Cement Co of Algeria. Employing efficient construction management and innovat...
Egyptian promise Premium
Lafarge Egypt is among the leading companies in the domestic building materials sector with a long-standing history in the country. Despite current market headwinds and the impa...
Carthage Cement posts 1% revenue rise in 4Q20
Tunisia-based Carthage Cement has reported a 22 per cent rise in its revenues in the fourth quarter of 2020. Domestic sales were up 19 per cent YoY. Clinker export sales recover...
Cement demand slips 1% in Morocco in December
Cement demand in Morocco declined 0.8 per cent YoY to 1.18Mt in December 2020, according to the Ministry of Housing and Urbanism. Deliveries to the infrastructure segment increa...
Suez Cement receives approval to delist from EGX
The Egyptian Exchange’s (EGX) listing committee has approved the voluntary delisting of Suez Cement Group from the EGX, according to a disclosure. Suez Cement's capital amounts ...
Al Karama announces prequalifiers for Carthage Cement
Al Karama Holding has published the list of prequalified candidates in the sale of the majority stake of Tunisia-based Carthage Cement. It includes domestic companies such as Ma...