Tunisia: Carthage Cement recorded revenues of US$133m in 2025, a fall of 9% year-on-year compared to US$146m in 2025. Cement exports rose dramatically, with an 80% increase in value from US$14.1m in 2024 to US$23.4m in 2025. The company saw its clinker production fall by 13% year-on-year. Cement production fell by 7%, indicating a reduced clinker factor in 2025 compared to 2024.
Carthage Cement’s sales decline mitigated by rising exports in 2025
