Displaying items by tag: Carthage Cement
Carthage Cement strike cancelled
30 October 2017Tunisia: A planned strike by workers at Carthage Cement for late October to early November 2017 has been cancelled. The decision to call off the industrial action follows a meeting between Finance Minister Ridha Chalghoum and UGTT Secretary General, Noureddine Taboubi, according to African Manager. Further meetings between the management of the cement producer and the unions have been scheduled.
Tunisia: Carthage Cement’s cement sales have fallen due to a ban on sales to Algeria. Its clinker production volumes fell by 27% year-on-year to 0.57Mt in the first half of 2017 from 0.78Mt in the same period in 2016 and its cement production fell by 13% to 0.72Mt from 0.83Mt. Cement export sales fell by 79% and overall its sales fell by 18% to Euro31.6m from Euro38.7m. However, the cement producer said it increased its market share in the period.
Tunisia: Al Karama Holding, a state-owned company, has initiated a bidding process to sell its stake in Carthage Cement. The company has started a consultation process with investment banks and consultation firms to help it sell its direct and indirect stakes in BINA Group, that includes Carthage Cement, according to the African Manager website. The deadline for bids is 16 June 2017. The government owns an estimated 41% share of the cement producer.
Tunisian government to sell stake in Carthage Cement
01 March 2017Tunisia: Finance Minister Lamia Zribi has said that the Tunisian government has decided to sell its share in Carthage Cement. It owns an estimated 41% share of the cement producer, according to Tunis Afrique Presse. Zribi said that the decision was due to financial problems at the company as well as issues with production and export. Carthage Cement's chief executive Ibrahim Sanaa has blamed a rise in production costs on a poor construction market and production overcapacity.
Carthage Cement grows domestic market as exports slump
20 October 2016Tunisia: Carthage Cement’s turnover grew by 17% to US$66.2m in the nine months to 30 September 2016, compared to US$55.8m a year earlier. Locally, the firm’s sales reached US$42.3m, a rise of 21% from US$34.9m in the same period of 2015. This growth helped Carthage Cement bring its market share up to 19% in Tunisia, compared to 15.5% a year earlier. This bucked the trend in the sector, which contracted by 3.3% year-on-year between the review periods.
In terms of exports, sales fell by 2% to US$8.4m from January to September 2016, against US$8.5m in the first nine months of 2015. The third quarter of 2016 saw a higher decrease year-on-year, of 16%. The firm said it was due to a lower demand from Algeria in particular.
Carthage Cement improves its position in the sector
13 July 2015Tunisia: According to African Manager, data published by the National Chamber of Cement Producers points to a year-on-year improvement in the position of Carthage Cement in the first four months of 2014.
Carthage Cement's domestic sales have increased by 44% to 349,823t in the first four months of 2015 compared to 242,0315t in 2014, despite the 6.69% decline of total cement sector sales. Carthage Cement's total sales in the first four months of 2015 rose by 36.6% to 420,923t compared to a cement sector decrease of 1.57%.
Tunisia: Carthage Cement Company's turnover for the first six months of 2014 amounted to US$87.5m excluding VAT, up by 419% compared to the same period of 2013. Clinker sales totalled US$16.6m, while cement sales amounted to US$55.1m, including US$14.5m of exports. Sales of ready-mix concrete grew by 25% compared to the same period in 2013.
Geometrica supplies Carthage Cement with bulk storage structures
19 February 2014Tunisia: Geometrica has released details of bulk-storage structures built for Carthage Cement at its Djebel Ressas cement plant in 2013. The dome and space frame structure builder supplied three storage buildings for additives, coal and limestone. The additives and coal longitudinal buildings are 200m and 300m long respectively with a span of 50m. The limestone building is a 90m circular dome.
Carthage Cement contracted FLSmidth to supply machinery and engineering at the 5800t/day cement plant. Turkish contractor, EKON, was FLSmidth's partner for the civil works, including civil design, supply of structural steel and plate work, site preparation, plant erection. Construction at the plant started in late 2010 and was completed in 2013.
Carthage Cement to restart production at 2.2Mt/yr plant
09 September 2013Tunisia: Carthage Cement, the cement plant confiscated after the 2010 – 2011 Tunisian Revolution, has restarted its precalciner kiln ahead of a resumption of production. According to its Director General Riadh Ben Khalifa, the cement plant plans to sell at least 2.2Mt/yr.