Carthage Cement concludes contract for export of 350,000 tonnes of clinker | Tunisia News Gazette

Carthage Cement concludes contract for export of 350,000 tonnes of clinker

“The Carthage Cement Company has recently concluded a contract to export, in the first half of 2018, 350 thousand tonnes of clinker to an African market,” said Brahim Sanaa, CEO of the Company, during the financial communication organised Tuesday at the headquarters of the Tunis Stock Exchange. He added that the first cargo ship loaded with 38 thousand tonnes of clinker left Tunisia on 1 February, while the second and third cargo departures are scheduled for 10 and 25 February 2018.

The first Manager of Carthage Cement, who presented the financial statement of the company, said that although it has doubled its production capacity, the company still suffers from a problem of marketing of these products, because of a stagnation of local market consumption and falling exports.

“We have lost our two main markets: Libya and Algeria,” he said, recalling that cement exports to Algeria fell by 1.8 million tonnes in 2015 to just 100 thousand tons in 2017.

It had an impact on the overall turnover of the company, which fell 12% to 172.9 MD against 196.1 MD, a year earlier. This decline is due to the regression of revenues of 2% on the local market to 125.2 MD and the fall of 80% of exports to 4.44 MD.

“The amount of indebtedness of the company to financial institutions amounted to 513 MD at the end of 2017,” said the official, without losing his optimism about a recovery very soon, “especially with the conquest of new African markets “.

Sanaa has indicated, on another level, that the company is currently working on the installation of a new unit of fleeting, which will ensure the packing of cement by the use of pallets, which will facilitate the export of this material.

“Four other projects are currently pending, until funding is provided, including the construction of a large sack factory, and the launch of coloured concrete production,” he added.

Source: TAP news Agency

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