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 ...
North Africa
329 posts · Page 27 of 33
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 company ...
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 repor...
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 also ...
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 sales ...
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 com...
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 are ...
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 EGP1...
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 per...