Recommended
Recommended
More Related Content
Recently uploaded
Recently uploaded (20)
Featured
Featured (20)
IPO On Tunisia Stock Exchange
- 1. LES CIMENTS DE BIZERTE INITIAL PUBLIC OFFERING on Tunisia Stock Exchange July 2009 Tunisian Cement Sector The Tunisian cement cement factories and the Sales (Million tons) industry is one of the most only white cement plant were structured industrial activities sold to international private 7.45 and is distributed on all groups between October 7.35 national territory. 1998 and end 2005. 7.16 7.14 The first cement factory (Les Ciments Artificiels Tunisiens) Production was established in 1936 in 7.52 the southern suburb of the The total production capacity capital Tunis, and the of cement increased from second in 1953 in the 6.52 Mt in 2003 to around region of Bizerte (Les 7.45 Mt in 2007. 2003 2004 2005 2006 2007 Ciments de Bizerte). At present, cement factories, in all, encompass 10 In response to the production lines, which all development of the country use the dry process. Production (Million tons) and its economy, additional factories were founded: Local Sales and Exports 6.09 6 6.08 6.23 5.73 Les Ciments de Gabes Les Ciments d'Oum El Cement sector proved its Kélil ability to adapt with the Les Ciments d'Enfida demands of local market and Local Les Ciments de Jbel Oust exports. Export White cement factory During the 2003-2007 1.32 1.55 SOTACIB, equally shared period, local sales increased 1.22 0.83 0.98 between Tunisia and Algeria from 5.73 Mt to 6.23 Mt and exports rose from 830 000 Due to attractiveness of tons to 1.55 Mt. 2003 2004 2005 2006 2007 cement sector, four grey The Cement Factory of Bizerte The Cement Factory of Bizerte is a “state owned firm” created in 1952 on the bay of Sebra in Southern Bizerte, 65 km north of the Capital Tunis. The factory produces the following hydraulic binders: Artificial Portland cements (standard I): CEM I 32.5 and CEM I 42.5 Portland cement made of limestone : CEM II A-L 32.5 The artificial lime CHA.10 according to Tunisian Standards NT 47-02 Currently, the factory employs nearly 500 persons and produces 900 000 tons of clinker and is the first exporter of the Tunisian cement sector. Exports present 30% of its turnover. The company had reached a turnover of TND72 million ($55 million) and a net profit of TND7.8 million ($6 million) in 2007. Key Numbers Employees 500 persons Social Capital 27 M$ Production 900 000 tons Turnover 55 M$ Net Profit 6 M$ The firm offers a real potential development, so in order to increase the production capacity of the factory, the government decides a capital increase of 20%. An Issued Public Offering of $60 – 75 million will soon be launched on Tunisia Stock Exchange. The contents of this document are made by AMEN INVEST and are given for purely indicative purposes. The accuracy, completeness or relevance of the information 1 provided is not guaranteed although it has been drawn from sources believed to be reliable