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Societe Nationale De Siderurgie Sa (Morocco)

Main Activities: Cement Manufacturing | Ferrous Metal Foundries
Full name: Societe Nationale De Siderurgie Sa Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company was created in 1974 from the will of the public authorities to build a national steel industry to create added value and employment, develop know-how, and contribute to the expansion of local technical subcontracting.
The Company specializes in the study, development, implementation, operation and direct or indirect management of steel projects as well as all industrial, commercial, financial, movable and real estate operations that may have any relation to the goals. of the present company or simply likely to favor its development.
Production started in 1984 with a 420,000 T capacity rolling mill based in Nador.
The Company operated in a highly protected environment until 1991, when imports were liberalized, with customs duties kept quite high.
Entirely privatized in 1997, and controlled today by the ONA group in collaboration with the Spanish steel group ACERALIA and other hard-core partners, it remains faithful to its basic missions while integrating the strategic orientations dictated by the imperatives of competitiveness and sustainable profitability.
The Company was created by the Moroccan State in 1974 with the ambition to set up a fully integrated steel industry from the production of ore in Ouixane (Nador) to its valuation in a blast furnace of one million tonnes. “This is how the first link of a national steel industry dedicated mainly to the construction sector was launched. The technical and economic studies carried out over many years have resulted in the opportunity of a simple rolling mill with gradual upstream integration. .

This is how the first link of a national steel industry dedicated mainly to the construction sector was launched. Production started in March 1984 with the Nador rolling mill with an initial production capacity of 420,000 tonnes gradually increased to 600,000 tonnes per year of reinforcing bars and wire rod.
In 1996, La Compagnie introduced 35 of its capital on the stock market and, in 1997, the State sold 62 of the capital to a consortium of institutional investors led by the SNI.
To cope with new market constraints and the imperatives of competitiveness, La Compagnie started in July 2002, a new rolling mill at Jorf Lasfar with an annual production capacity of around 400,000 tonnes per year.
In 2003, La Compagnie embarked on an ambitious project to build an electric steelworks at Jorf Lasfar, which started in August 2005 and is responsible for the production of billet, the raw material for the two rolling mills.
Also in 2005, La Compagnie carried out a capital increase in Longometal Armatures, an activity initially developed within Longometal Africa, bringing its stake to 92 . In March 2006, taking into account the movements of concentrations which animate the international scene, SNI, Arcelor and the main shareholders Sonasid concluded a strategic partnership for the development of the company. The objective is to consolidate and develop Sonasid s position on the Moroccan market and allow it to benefit from the transfer of technology and skills from Arcelor in the long products sector. A strategic alliance for Sonasid, which is backed by a large European operator with the ambition to strengthen the company s production. A few months later, in June 2006, the merger between Arcelor and Mittal Steel gave birth to the No. 1 in steel: the ArcelorMittal Group.
Key dates :
1974: Creation of La Compagnie by the Moroccan State.
1984: Start of production at the Nador rolling mill.
1991: Liberalization of imports.
1996: Initial public offering of 35 of the capital and start-up of Longometal Industries in Casablanca.
1997: Sale by the State of 62 of Sonasid s capital to a consortium of institutional investors led by SNI.
1998: Acquisition of Longometal Industries.
1999: Acquisition of Longometal Armatures.
2000: Start of construction work on the Jorf Lasfar rolling mill.
2001: ISO 9002 certification of the Nador site.
NM certification of non-weldable FeE400 and weldable Fe500 products.
2002: Start-up of the new rolling mill at Jorf Lasfar.
Launch of the Jorf Lasfar electric steel plant project.
2003: ISO 9001 version 2000 certification.
Launch of TPM in Nador and Jorf Lasfar.
Signing of the main contracts relating to the electric steelworks.
2004: NM certification (Moroccan Standards) of the concrete reinforcing bar of Jorf Lasfar.
2005: Commissioning of the Jorf Lasfar electric steelworks.
Certification of compliance with the reference NM 00.5.801 of the Occupational Health and Safety Management System.
NM ISO 14001 certification of the Environmental Management System.
Increase of Sonasid s stake in the capital of Longometal Armatures to 92 .
2006: Success of the 1st integrated QSE certification monitoring audit and NM certification of the FeE400 NS and FeE500S products produced by the 2 Sonasid sites.
Merger between Arcelor and Mittal Steel which gave birth to the Arcelor Mittal Group, No. 1 in steel.
Implementation of a new marking in accordance with the revised standards.
NM 01.4.096 and NM 01.4.007 to ensure traceability of products manufactured by La Compagnie.
Arcelor, SNI and the other reference shareholders transferred their respective holdings in the capital of La Compagnie to a holding company NSI “Nouvelles Siderurgies Industrielles”.
SNI, Arcelor and the main shareholders Sonasid (MAMDA-MCMA, Axa Assurances Maroc, RMA-Watanya, CIMR and Attijariwafa bank) have entered into a strategic partnership for the development of La Compagnie.
Certificate of compliance with standards NM 00.5.801 of the Management System for Health and Safety at Work and NM ISO 14001 of the Environmental Management System.
1st Prize for Safety at Work and First Prize for Quality Encouragement in the Large Industrial Companies category.

2007: Realization of the CTI project of the Nador Site.
Success of the 2nd integrated QSE certification follow-up audit.
Certificate of compliance with standards NM ISO 9001, NM ISO 14001 and NM 00.5.801.
Publication of accounts in IFRS standards.
Conclusion of the Sonasid / Nareva partnership for the creation of the 50 MW wind farm.
International Health Safety Day with ArcelorMittal.
2008: Renewal of certificates NM ISO 9001 - 2000, NM ISO 14001-2004 and NM 005 801-2007.
Presentation of the 36th International Trophy for quality.
Creation of the ASM (Association of Moroccan Steelmakers) which brings together the 3 concrete reinforcing bars producers.
Launch of the SAP project.
International Health Safety Day with ArcelorMittal.
Launch of the 5S process.
2011:Starting the scrap metal crusher
2020: Launch of a strategic plan based on 4 pillars:Valorization of Human Capital, Leadership New growth drivers, Operational Excellence Green Steel.
2022: Commissioning of the photovoltaic parkat the Nador site.
Inauguration of the first R D laboratoryat the Jorf Lasfar site.
Production of the first 100 Moroccan steel fiber, a product with high added value.
2023: Marketing of a new high value-added product for the automotive market.
The company is the first Moroccan steelmaker to obtain international EPD certification for its long steels.

Headquarters
Route Nationale N°2- El Aaroui- Bp 551 - Nador
Casablanca; Casablanca-Settat; Postal Code: 20100

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Website: http://www.sonasid.ma

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1974
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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64.86%
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24.34%
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5.12%
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3.7%
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0.82%
Subsidiaries
Longometal Armature (France)
96.93%
Company Performance
Financial values in the chart are available after Societe Nationale De Siderurgie Sa report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MAD. Absolute financial data is included in the purchased report.
Net sales revenue
-4.15%
Total operating revenue
-0.63%
Operating profit (EBIT)
-8.07%
EBITDA
-11.51%
Net Profit (Loss) for the Period
12.75%
Total assets
-0.79%
Total equity
0.33%
Operating Profit Margin (ROS)
-0.04%
Net Profit Margin
0.13%
Return on Equity (ROE)
0.13%
Debt to Equity Ratio
0.7%
Quick Ratio
-0.1%
Cash Ratio
-0.06%

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