Sinai Cement sees net losses widen in 1Q20
Egypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period o...
North Africa
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Arabian Cement reports 153% surge in profit to EGP15.9m
Egypt’s Arabian Cement Co has reported a 153 per cent YoY surge in consolidated net profit for the first quarter of 2020, rising to EGP15.91m (US$983,519) from EGP6.3m in the 1Q...
Qena Cement's 1Q20 cement sales surge to EGP47m
Qena Cement reports net profits surged to EGP47m (US$2.9m) in the 1Q20, compared to EGP12m for the same period of the preceding year. Standalone net sales revenues grew by 5.5 p...
Solar power plant approved for Arabian Cement
The Egyptian Electricity Utilities Regulatory and Consumer Protection Agency (EgyptERA) has approved the construction of a 7.5MW solar power plant for Arabian Cement Co. The app...
African cement escapes the pandemic; structural issues remain
Cemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika ...
Moroccan cement sales fall 50% in May
Morocco’s cement market contracted 50.6 per cent in May with 523,848t of cement delivered to domestic customers, according to APC, the country’s cement association. In May 2019 ...
Al Karama restarts Carthage Cement share sale
Following a forced break due to the coronavirus pandemic, Al Karama Holding, restarts the process to divest a stake in Carthage Cement to a strategic investor who is able to lea...
Ciments du Maroc sees turnover down 10% in 1Q20
Ciments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market. The co...
Ciments de Bizerte sees turnover rise in 1Q20
Tunisia’s Ciments de Bizerte has seen an 18.7 per cent rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turnove...
Beni Suef Cement sees 101% surge in net profit
Egypt’s Misr Beni Suef Cement has reported a 101 per cent YoY increase in net profit to EGP59.37m (US$3.77m) in the first quarter of 2020, compared to EGP29.53m in the correspon...