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 amou...
North Africa
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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...
Moroccan cement demand up 7% in November
Cement sales in Morocco increased 6.7 per cent YoY to 1,107,370t in November 2020 from 1,038,250t in November 2019, according to the Ministry of National Land Use, Urbanisation...
South Valley Cement reports contraction in net loss
Egypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The comp...
Metallurgical Industries sells 6.4m shares in Tourah Portland Cement
Egypt’s Metallurgical Industries Holding has reportedly sold 6.4m shares in Tourah Portland Cement. The share sale has a value of EGP45.7m (US$2.91m). Tourah Portland also r...
ASEC signs O&M contract with Al-Takamol Cement
Arab Swiss Engineering Co (ASEC) has signed a signing a 3-year contract for the operation and maintenance of Al-Takamol Cement’s 1.6Mta facility, located north of Khartoum city...
GICA to export clinker to Dominican Republic and Haiti
GICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will a...
Tourah Portland Cement reports 10% decline in net sales
Egypt’s Tourah Portland Cement has reported a net loss of EGP56.7m (US$3.62m) in the third quarter of 2020, compared to a net loss of EGP55.3m in the year-ago period. Net sal...
Suez Cement sees net loss widen in 9M20
Egypt’s Suez Cement has posted a consolidated net loss of EGP888.9m (US$56.79m) in the first nine months of 2020, widening from an EGP521.4m loss in the year-ago period. The co...
Beni Saf starts clinker exports to Mauritania
GICA-owned Beni Saf Cement in Algeria started exports of clinker with a 13,000t shipment from the port of Ghazaouet to Mauritania on 18 November 2020. The company’s exports a...