Moroccan cement plant reports us$ 199 mln in sales
Morocco, Business, 3/19/2003

Moroccan cement plant "Ciments du Maroc" reports a 1.99 billion DH (US$ 199 Mln) in sales in 2002, posting a 3% growth compared to 2001 and a net result of 409 million DH (US$ 40.9 mln), an increase by 11%.

The plant's president and CEO, Mohamed Chaibi told a meeting with a group of the Casablanca stock exchange financial analysts that last year was marked for the plant by the selling of 757,600 shares, representing 9.5% of the company's capital. He added that 2003 will be a promising year, mainly as Morocco has launched a program to build 100,000 low-cost houses and roads.

Given the high demand, "Ciments du Maroc" will consolidate its activities with 3 new units and the opening in south Casablanca of an aggregate quarry with a one million-ton capacity.

Previous Stories:
  Moroccan carrier launches 85 new lines starting next April   (3/17/2003)
  Moroccan bank SGMB takes over Ghanaian SSB bank ltd   (3/15/2003)
  Boeing wishes to become partner in Morocco's tourism development   (3/15/2003)
  Portuguese cement group posts best turnover in Morocco   (9/27/2002)
  American chamber of commerce and employers association launch 3rd annual corporate citizenship award   (6/10/2002)
  Moroccan, Egyptian businessmen set up joint-ventures   (3/19/2001)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search