Cement manufacturers are launching projects to install new cement works in Morocco despite poor market conditions.
The CEO of Ciments du Maroc, Mohamed Chaibi, believes that improvements in current demand are temporary, while Dominique Drouet, chairman of the board of directors at Holcim is reprted as anticipating a 12% drop in activity in the cement industry at the end of 2013 and expecting the decline to continue in 2014.
A cement works with a production capacity of 1 million tonnes costs an average
January 22, 2014
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Cement manufacturers are launching projects to install new cement works in Morocco despite poor market conditions.
The CEO of Ciments du Maroc, Mohamed Chaibi, believes that improvements in current demand are temporary, while Dominique Drouet, chairman of the board of directors at 680 Holcim is reprted as anticipating a 12% drop in activity in the cement industry at the end of 2013 and expecting the decline to continue in 2014.
A cement works with a production capacity of 1 million tonnes costs an average MAD 1.5 million (€133.78 million) and takes at least 36 months to construct.
Ciments du Maroc plans to open a new cement works in Tetouan, while 725 Lafarge Ciments is pursuing a project to install a new cement works in Taroudant. The Awka Group plans to open its first cement facility in Sidi Bibi near Agadir. Cimat (Ciments de l'Atlas) is installing a new crusher in Nador close to an existing facility operated by Holcim Maroc. However, Ynna Asment (Ynna Holding) has delayed the opening of its first cement plant.
