Displaying items by tag: Ciments du Maroc

Morocco: Ciments du Maroc has reported unconsolidated, unaudited sales of US$115m for the third quarter ending 30 September 2025, up by 6% year-on-year. Over the first nine months of 2025, revenue reached US$324m, an 8% year-on-year increase.

Morocco: Ciments du Maroc has reached a milestone in its ALGACEM initiative with the first delivery of CO₂-derived products under the ALGACE brand from its Safi cement plant. The pilot project captures and recovers CO₂ using microalgae, transforming the carbon captured during the cement production process into bioproducts.

The company said the result confirms the technical and economic feasibility of the project and its compatibility with existing industrial infrastructure, laying the groundwork for a reproducible model for the wider cement sector.

Morocco: Heidelberg Materials has signed a strategic agreement to acquire Votorantim Cimentos' assets in Morocco, including a 63% share in cement and ready-mix concrete producer Asment de Témara and the entire stake in aggregates supplier Grabemaro through its subsidiary Ciments du Maroc. This acquisition positions Ciments du Maroc to expand its operations in Northern Morocco, adding a cement plant with a production capacity of 1.4Mt/yr, two aggregates sites and eight ready-mix concrete plants. The acquisition includes access to an alternative fuels platform enhancing the fuel rate at the newly acquired cement plant to 70% by 2027, reportedly contributing to reduced environmental impact and optimised production-related energy costs. The completion of the transaction awaits regulatory approval from Moroccan competition authorities, and financial details remain undisclosed.

Chair of the managing board of Heidelberg Materials Dominik von Achten said "Our latest investment marks an important step as part of our ongoing portfolio optimisation to strengthen our core markets. Expanding our presence in the attractive Moroccan market while increasing our use of alternative fuels will generate substantial financial synergies and thus help us accelerate our ambitious decarbonisation efforts throughout our sites in the country and grow our local offering of sustainable solutions."

Morocco: Ciments du Maroc has appointed Severin Weig as its chief executive officer with effect from 1 February 2024. He will succeed Matteo Rozzanigo in the post, who will become the president of the Northeast-North America Region of Heidelberg Materials Group.

Weig joined Heidelberg Materials in 2012 and has held various corporate treasury roles in Germany before becoming the group’s Director of Treasury, Insurance and Corporate Risk within its German organisation. He was also appointed as a member of the Advisory Council on Sustainable Finance of the German Federal Government in June 2022. Prior to working for Heidelberg Materials Weig held a number of positions in multinational investment banks.

Morocco: Ciments du Maroc has officially started its 0.7Mt/yr Nador grinding plant in Oulad Settout. The new unit will be supplied with clinker from the integrated Ait Baha plant in Souss-Massa. It is intended to support the development of the north and east regions of the country. The project had a cost of around Euro84m.

Robert Dölger, the German ambassador, Zouhair Magour, the honorary consul of Germany, René Aldach, the chief financial officer of Heidelberg Materials, Hakan Gürdal, the head of Heidelberg Materials’ Africa-East Mediterranean Region, the president of the Oulad Settout region and various directors of Ciments du Maroc attended a ceremony marking the event on 9 December 2022.

The subsidiary of Heidelberg Materials operates three integrated plants, four grinding plants, four aggregate quarries and 21 ready-mix concrete plants in the country.

Morocco: Ciments du Maroc plans to commission its 0.7Mt/yr grinding plant at Nador in July 2022. The production unit, belonging to the subsidiary of Germany-based HeidelbergCement, is located around 18 km outside of Nador. The project has a budget of around US$36m and it intended to support development in northern and eastern regions of the country. Construction of the plant started in 2020.

Morocco: HeidelbergCement subsidiary Ciments du Maroc made sales of US$88.4m in the first quarter of 2020, down by 9.8% year-on-year from US$100m in the corresponding quarter of 2019. Cement volumes fell by 9.9%. Ciments du Maroc said that it increased its capital expenditure by 43% to US$1.51m from US$824,000.

Morocco: Ciments du Maroc has completed its acquisition of Atlantic Ciment and Cimsud from the Anouar Invest Group following an agreement originally signed in July 2019. The subsidiary of HeidelbergCement now owns 100% of the capital of the companies. Atlantic Ciment is building an integrated cement production plant in the province of Settat and Cimsud operates a grinding unit in Laâyoune with a capacity of 0.5Mt/yr. The cement producer said that the acquisition was part of its strategy to develop its cement, aggregates, and ready-mix concrete activities in Morocco.

Morocco: HeidelbergCement has sold 3.6% of its 54.6% stake in Ciments du Maroc’s share capital. HeidelbergCement chairman Bernd Scheifele expressed the company’s commitment to retaining its majority stake in the total 5.6Mt/yr-capacity cement producer. Scheifele explained that the decision was ‘aimed at generating cash to speed up deleveraging,’ and that it was ‘well on track’ to reach its Euro1.5bn disposal target by the end of 2020.

Morocco: LafargeHolcim Morocco’s net profit in the first half of 2019 was Euro90.6m, representing an increase of 8.6% year-on-year from Euro83.5m in the six months to 30 June 2018. Its revenue held steady year-on-year with a 0.2% increase to Euro366m from Euro365m. It continues its ambitious renewables plan with an 80% increase in its use of wind power.

HeidelbergCement’s Moroccan subsidiary Ciments du Maroc improved its net profit restated for exceptional items by 3.4% year-on-year to Euro55.3m from Euro53.6m in the first half of 2018. Its 2019 first-half revenue improved by 5.0% to Euro191m from Euro183m in the same period of 2018, which it said was due to a record year-on-year increase in clinker sales of 55% due to increased exports and operational improvements.