Mining

Local market strongly supports slump in export sales of Tunisian Ciments de Bizerte

Thursday, 23 July 2015 08:52

The foreign sales of the Tunisian company Ciments de Bizerte fell by nearly 95%, in an environment marked by fluctuations in demand on the Algerian market, and almost zero sales on a Libyan market facing socio-political turmoil. Despite this situation, sales in Tunisia have sustained operations during the first quarter 2015.

Revenues are at 26.3 million dinars, an increase of 10.7% compared to 23.7 million dinars for the same period in 2014. The cement manufacturer has therefore decided to speed up the establishment of infrastructure for sales abroad by sea freight. In line with this, the second quarter 2015 has been characterised by the beginning of civil engineering works for the upgrade of installations in order to give the company an efficient loading and unloading dock.

Current liabilities still remain a source of concern for the company. By end June 2015, the total indebtedness reached 100 million dinars versus 73.4 million dinars by end December 2014. In addition to this, there are the 12.1 million dinars of short-term loans.

On the Tunis stock exchange, the value of Ciments de Bizerte has declined on 22 July 2015, but in a barely significant trading volume. Even if some investors of the Tunisian marketplace remain optimist, Ciments de Bizerte posts a capital loss of 28% since 1st January 2015.

The direct competitor Carthage Cement, appears in better health with a share value increasing by 1.8% as of 22 July 2015.

On the same topic
Scatec signs partnership deals with Norfund, EDF for Egypt's Obelisk project Norfund takes 25% stake; Scatec retains control and 60% economic...
Scatec launches 273 MW Grootfontein solar complex in South Africa Project to supply Eskom under 20-year deal, cost $270 million Part of...
Electricity production, grids, and storage now lead global energy job creation Sector employment reached 76 million in 2024, up more than 5 million...
Koryx Copper plans to start first drilling programs at Luanshya West and Mpongwe in Zambia in 2026. The Haib project in Namibia can produce 88,000...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.