Cement News tagged under: Prices
Paraguay: INC plans to raise capacity07 January 2015, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) plans to increase its production capacity from 50,000 to 70,000 bags/day in 2015, according to Jorge Méndez, head of the company. This is expected to create a good supply to the market and lower prices by the end of the year. Although the company is forecast to have an accumulated deficit of nearly PYG1bn, due to successive years of losses, he assured that in 2014, the firm will produce a profit of PYG8000m. The change in fuel planned for... |
Mongolia on the move03 December 2014, Published under Cement NewsTo ensure an increasing domestic supply of the rapidly-expanding Mongolian cement market, existing producers are expanding and modernising their production base and new players are entering the market. In a transformation process not seen in the past three decades, Mongolia’s cement industry is clearly going places. Mongolian ALT (MAK) is building a 1Mta cement works at Khukh Tsav, Dalanjargalan district, Dornogovi While Mongolia remains among the world’s fastest-growing economi... |
Paraguay: cement price decrease expected17 November 2014, Published under Cement NewsJorge Méndez, head of Paraguay’s Industria Nacional del Cemento (INC), announced a drop in cement prices for 2015-16. At present the price of a 50kg bag of cement is PYG42,000, but next year is expected to see the price fall to PYG35,000. The upcoming change has been attributed to production process modifications such as the plant’s new dryers and fuel switch at the Vallemí works. |
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |
Set for rationalisation?18 June 2014, Published under Cement NewsWith the construction sector predicted to grow by just 1.1 per cent in 2014, there is little for South Korea’s cement producers to look forward to. As the focus turns to overseas markets, cement exports are on the up, but how long can this strategy sustain the country’s cement overcapacity crisis? South Korea’s cement producers will need to find a long-term solution to their overcapacity woes as the domestic market has reached saturation point and export growth is unsustainable ... |
India: Telangana Government seeks cement price cuts17 June 2014, Published under Cement NewsOn Monday, the Telangana Government in southern India asked local cement companies to reduce prices. Chief Secretary to the Government, Rajiv Sarma, had asked the firms to rationalise the price in line with the demand. It may be noted that cement prices rose sharply after the formation of the new government in the centre and the two states and is hovering around INR280/bag (US$4.7) at present, marking an increase of INR60-80 in the last three weeks. According to sources, the industry capta... |
Russia: open to investment28 April 2014, Published under Cement NewsAttracting private and foreign investment is becoming key for Russia as prices in oil and natural gas come under pressure for funding state projects. Russia’s transition to a modern country will also require large volumes of cement and the ramping up of production capacity is already in full swing. In recent years, Russia has been building new, modern production capacity to replace old wet-process plants Russia’s economy continues to decelerate as consumer spending, key to the c... |
DC market developments16 April 2014, Published under Cement NewsThe United States’ DC Area has been the centre of attention in many ways during recent years. In terms of cement consumption, while the area achieved nearly 20 per cent growth last year compared to its 2010 trough, it may be some years before previous peaks are achieved. By Rob Roy, ROI Consulting, USA. ICR looks forward to meeting delegates at the 2014 IEEE-IAS/PCA Technical Cement Conference and Exhibition in Washington, DC. Visit us at booth No 112! The District of Columbi... |
African Forum checks dynamics of cement prices07 April 2014, Published under Cement NewsZambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta... |
India: adjusting to new times07 April 2014, Published under Cement NewsThe latest financial updates from some of India’s leading cement producers suggest that the long-awaited revival in higher consumption trends is still some way off. The industry remains weighted under slowing demand growth, concerns over capacity utilisation rates and downward pricing pressures. Sector specialists are now calling for stimulus measures to help draw the market out of its current slowdown and help absorb current capacity and expected new volumes. India’s general election... |