Morocco's cement market expands 8% in September
Moroccan cement deliveries increased 7.9 per cent YoY to 1,244,689t in September 2020 from 1,154,101 in the year-ago period, according to data by the Ministry of Urbanisation an...
North Africa
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Qalaa Holdings achieves 105% YoY growth in 2Q20
Qalaa Holdings has reported its consolidated financial results for the quarter ended 30 June 2020, with revenues of EGP7.4bn (US$470m), up 105 per cent YoY. " Qalaa’s performanc...
Suez Cement expected to increase stake in Tourah Portland
Egypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according...
Egyptian Cement to inaugurate plant in 2021
Egyptian Cement Group has announced plans to inaugurate a new plant in 2021, according to Ahmed Abou Hashima, CEO. The facility is located in Sohag and has a total investment co...
Arabian Cement sets sales targets
Egypt’s Arabian Cement Co has set a domestic sales target of 3.94Mt of cement in 2020, the same value as last year, according to Sergio Alcantarilla, company CEO. Despite outlin...
Moroccan market expands 19% in August
Cement consumption in Morocco increased 19.4 per cent YoY to 865,681t in August 2020 from 725,359t in August 2019, according to data published by the country’s Ministry of Urban...
Algeria exports 6000t of cement to Lebanon
A vessel with 6000t of cement left the port of Djen Djen, Algeria, yesterday, heading for Beirut, Lebanon. Minister of Industry, Ferhat Aït Ali, and Minister of Solidarity, Kaou...
Sinai Cement announces widening net loss in the 1H20
Egypt’s Sinai Cement Co has seen its consolidated net loss widen to EGP247.6m (US$15.6m) in the first half of 2020, against EGP187.2m in the year-ago period. Its standalone net ...
Tunisian government authorises use of polypropylene bags for cement
Tunisia’s government approved the use of polypropylene for packaging cement, but the move has already drawn ire of the country’s environmentalists and the Tunisian Industrial Pa...
Carthage Cement posts TND3.3m net profit at end July
Carthage Cement posted a net profit of TND3.3m (US$1.2m) as of 31 July 2020, despite at two-month shutdown due to the COVID-19 pandemic. The stoppage led the company to lose nea...