Ciments du Maroc to open a grinding centre in 2016

Moroccan cement company Ciments du Maroc (Italcementi), which has three plants in Morocco, intends to open a grinding centre in the north of the country by the end of 2016, thus highlighting its priorities, sustainable development and envrionmental protection. Italcementi is second in the country in the cement market, with 24% market share, and is Lafarge's main competitor. The company aims to expand to Guinea, Western Africa, where several projects have been identified. Works are due to begin in 2015

June 9, 2015 Read time: 1 min

Moroccan cement company Ciments du Maroc (726 Italcementi), which has three plants in Morocco, intends to open a grinding centre in the north of the country by the end of 2016, thus highlighting its priorities, sustainable development and envrionmental protection.

Italcementi is second in the country in the cement market, with 24% market share, and is 725 Lafarge's main competitor.

The company aims to expand to Guinea, Western Africa, where several projects have been identified. Works are due to begin in 2015.

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Morocco: Ciments du Maroc reports 5.1% fall in turnover

Moroccan cement company Ciments du Maroc (Italcementi Group) has reported a 5.1% fall in its operational turnover to MAD 3.43 billion (€320.06 million/US$346.73 million), while its Ebitda fell by 7.9% to MAD 1.48 billion. The company's net profit fell slightly by 0.8% to MAD 813 million, with operational efficiency notably in substitute fuel use making up for a drop in sales. By volume, the company's sales (as well as those of its subsidiary Indusaha) fell by 5.1%, notably affected by the floods that hit th

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The sale by the German global building materials giant of around 1.1 million shares representing 7.8% of Ciments du Maroc’s share capital generated around €140 million. The shares were sold to certain Moroccan institutional investors through an off-market block trade. Following this transaction, HeidelbergCement will retain a controlling stake of 5