Misr Cement (Qena) sees consolidated net profit surge 32% YoY
Egypt's Misr Cement (Qena) has reported a consolidated net profit of EGP39.2m (US$2.51m) during the 3Q20, up 31.8 per cent YoY from EGP29.7m. Revenues fell 18.5 per cent to EGP...
North Africa
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Arabian Cement posts net loss in the 9M20
Egypt’s Arabian Cement Co has reported a consolidated net loss of EGP39.78m (US$2.54m) in the first nine months of 2020, compared to a net profit of EGP33.3m in the year-ago pe...
Sinai Cement reports net loss in 9M20
Egypt’s Sinai Cement has announced that its standalone net loss widened to EGP421.4m (US$26.95m) in the first nine months of 2020, against a loss of EGP311.2m in the year-ago p...
Egypt sees demand rise 10% MoM
Egypt saw total cement sales decline 12.5 per cent YoY to 3.8Mt, including exports, in September, according to Daily News. However, this represents a 10 per cent increase MoM a...
Ciments de Bizerte resumes bulk exports by sea
Tunisia-based Ciments de Bizerte announced it is resuming bulk cement exports by sea from the Port of Bizerte. The first ship was loaded with bulk cement destined for the Libya...
Carthage Cement sees reduced COVID-19 impact on 3Q results
Tunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent t...
LafargeHolcim Maroc voted Top Performers for CSR
LafargeHolcim Maroc was named Top Performers for Corporate Social Rrsponsibility (CSR) 2020 by Vigeo Eiris, the independent rating agency in the areas of environment, social a...
South Valley Cement sees net loss contract in the 1H20
Egypt’s South Valley Cement has seen its net loss contract to EGP69.82m (US$4.45m) in the 1H20, compared with EGP100.82m in the 1H19. However, in the 2Q20 sales declined 21....
Chryso acquires majority stake in APTEX
The Chryso Group has signed of an agreement to acquire a majority stake in APTEX, a Moroccan construction chemicals company. The Chryso brand has made construction chemicals f...
No more plastic cement packaging in Tunisia
Tunisia’s Ministry of Industry, Energy and Mines has repealed its joint order with the Ministry of Commerce that authorises the packaging of cement in plastic bags. The decis...