“Les Ciments de Bizerte” company is due to go public soon through stock market by opening 20% of its capital to small savers. This move is part of the implementation of the January 31, 2008 ministerial meeting decision and that of February 26, 2007 one held in the framework of the consolidation of competitiveness. Two tenders were launched, the first concerning the selection of a design office tasked to assess the company’s assets and the second to choose a stockbroker. A ministerial working meeting recommended since July 5 2008, to accelerate the opening of the company’s capital by increasing it up to 20% .
Deloitte was chosen for the assets assessment while the operation of accompanying the opening of capital was devoted to BNA-Capital.
Private share
The company’s capital amounts to 35237 833 million dinars between public shareholders, namely the State, up to 35,155 560 MTD, and private ones up to 82,273 MDT, which allows the State to be the majority shareholder with 99,766%.
Amounting to more than 35,237 MDT, the capital of this important Tunisian operator in the cement sector, includes already some private shareholders, albeit a very low turnout.
CB which is a limited company employs 473 staff members, including about 465 on production sites. It produces cement, clinker and lime.
The production capacity is 850 000 tonnes, consistently since 2003, while production has risen from 851 810 t in 2003 to 904 314 t in 2007.
The number of shares in 2007 amounted to 84 655, while equity stood at 56 828. The liability represents 27 826 shares, turnover and 72,099 with a payroll, fairly important, 9920, is also noted that the result for the year 2007, stood at 7926 MDT.
A turnover growth and a net profit slight increase
| Indicators | 2003 | 2004 | 2005 | 2006 | 2007 |
| Assets | 65 587 | 67 244 | 70 360 | 82 153 | 84 655 |
| Equity | 42 205 | 43 944 | 44 785 | 50 677 | 56 828 |
| Liiabilities | 21 084 | 23 300 | 25 575 | 31 476 | 27 926 |
| Turnover | 57 721 | 56 341 | 48784 | 65 646 | 72 099 |
| Domestic market | 51 212 | 47 652 | 39 730 | 46 605 | 50 015 |
| Export | 6 509 | 8 689 | 9 054 | 19 041 | 22 084 |
| Payroll | 11 190 | 11 006 | 10 494 | 9 814 | 9 920 |
| Net profit | 2 753 | 3 300 | 2 238 | 7 270 | 7 926 |
It emerges from these figures that the company is making profit and earning money. Assets evolves and equity as well. Note also the saw tooth evolution of the company’s liabilities which stabilized last year at almost 28 thousand dinars, i.e. 1/3 of the turnover and four times the company net profit. Ciments de Bizerte company is a major provider of local market which remains its main market, but it is also involved in export, and in this regard, figures are continuously evolving since 2003.
