Cement News tagged under: Prices
Holcim Mexico to raise prices of bagged cement31 August 2018, Published under Cement NewsHolcim Mexico has announced that the prices of its bagged cement products will increase by seven per cent from 1 September. The hike has been attributed to the high volatility in the exchange rate as well as rising costs, with energy prices rising up to 22.9 per cent. The company has reportedly implemented mitigation measures, such as increasing process efficiencies, to reduce the impact of the effects on production and distribution expenses. |
CNBM reports strong pricing in 1H1827 August 2018, Published under Cement NewsCNBM’s Chairman, Cao Ganglin, reported that the average cement price over the first half of 2018 rose to RMB311/t in China. Speaking at a press conference, Cao said there was an upside trend for cement prices due to the current supportive demand-supply situation. Full-year demand is expected to stay stable. |
African aspirations24 July 2018, Published under Cement NewsEast Africa’s cement sector has remained resilient in recent years, despite oversupply and power shortages. ICR reviews the main east African markets as the battle to increase market shares intensifies and modernisation is further challenged by new entrants taking on the established players. Tanga Cement is building on the strength of its Simba brand to compete effectively with new entrants in the Tanzanian cement market Growth in cement consumption continues to stimulate the... |
Steppe Cement 1H18 volumes rise by 14%11 July 2018, Published under Cement NewsIn the 1H18 Steppe Cement Ltd sold 738,228t of cement for KZT10,539m (US$30.7m), compared with 650,333t of cement for KZT8553m in 1H17. This represents an increase of 14 per cent in volume and an increase of 23 per cent in turnover over the same period in 2017. The average price for the current period for delivered cement was KZT14,276/t (ex VAT), compared with KZT13,151/t in the corresponding period of 2017. The ex-factory price for the current period was KZT11,560/t, compared with KZT11,... |
Pakistan: positive expectations for FY1802 July 2018, Published under Cement NewsThe Pakistan cement industry is likely to wrap up FY18 on a positive note. Provisional data show that cement dispatches for June 2018 increased three per cent YoY to 2.81Mt, when compared with 2.73Mt in June 2017, according to a report of IGI Finex Securities Ltd. This brings FY18 dispatches to date to 45.72Mt, up 13 per cent YoY. In the equivalent period of FY17, deliveries reached 40.32Mt. However, MoM a fall of 28 per cent was noted, which was mainly attributed to the holy month of Ram... |
Vietnam’s dragon of growth29 June 2018, Published under Cement NewsWith strong economic growth fuelling infrastructure investment and China importing more clinker than ever, its not hard to see why Vietnam’s cement producers are enjoying a surge in demand. But the industry remains highly-fragmented and needs to tackle its oversupply situation as new mega plants arrive on the scene. The Vietnamese dragon is a symbol of growth. Last year saw the country report GDP expansion of 6.8 per cent, the highest rate in the last decade Last year saw Vi... |
Semen Indonesia28 June 2018, Published under Cement NewsSemen Indonesia is hoping to boost sales across the country by using an e-commerce platform. The move comes as the company announced a 4.5 per cent contraction in domestic sales in the opening quarter of 2018, falling from 2.38Mt in 1Q17 to 2.27Mt. Intense competition from new arrivals has forced established producers such as Semen Indonesia to lower their prices. It’s not only prices that have been affected by the new arrivals. The gap between cement production and demand in Indonesia a... |
Cemex raises cement price 5% in Mexico12 June 2018, Published under Cement NewsCemex has increased the price of cement in Mexico by five per cent last week, making it the second price rise by the company this year. The increase applies to national sales of bagged cement. The increase applies from 4 June and the company has said the price is part of its programme to supply “value over volume” and to set “realistic cement prices. In January the company carried out a 10-12 per cent increase in prices for both bagged and bulk cement as well as raising prices for read... |
Cement prices rise in Pakistan04 June 2018, Published under Cement NewsPrices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ... |
Pakistan cement likely to face challenges25 May 2018, Published under Cement NewsPakistan's cement industry is expected to face challenges ahead in view of an increase in production capacity in the north and south, the surging cost of coal prices and a cut in the Public Sector Development Programme (PSDP) in FY18-19. These developments are expected to impact on cement prices as well as capacity utilisation – industry experts anticipate and suggest exports are the only respite in the difficult time ahead. With falling capacity utilisation rates over the medium term, p... |