Cement News tagged under: Production costs
Pakistan cement sector growth rises 5.2% in FY1320 January 2014, Published under Cement NewsPakistan’s central bank reported growth in the domestic cement sector in FY13 of 5.2 per cent compared to 2.9 per cent the year before. The annual report released last week by the State Bank of Pakistan shows that total growth in large-scale manufacturing recovered from just 1.1 per cent in FY12 to 4.4 per cent in FY13 – the highest rate in the past five years. Officials attributed the growth in the cement and construction industry to stability in building materials prices, a higher all... |
Pakistan production costs set to increase10 January 2014, Published under Cement NewsPakistan cement producers fear further production costs increases after the Gas Infrastructure Development Cess (GIDC) has been increased from PKR50/mmbtu to PKR100. This will push up costs for those producers with gas-fed captive power plants, such as Lucky Cement, DG Khan Cement and Maple Leaf Cement Company. The Pakistan Tribune quoted Farhan Mehmood of Sherman Securities as saying that the increase could lead to an increase of cement prices by PKR10-12/bag. The tax was initially... |
EACPA opposes proposals to hike Tanzanian power tariffs26 November 2013, Published under Cement NewsThe East African Cement Producers' Association (EACPA) has objected to proposals by the Tanzania Electric Supply Company (Tanesco) to raise power tariffs by 68 per cent due to the significant knock-on effect it will have on cement production costs. According to reports by The Citizen, the association has claimed that its member are already significantly impacted by costs related to power rationing, adding that cement producers recorded 1782 power rationing cases between 2012-13. A st... |
Lower pricing hits July-September profits, India15 November 2013, Published under Cement NewsIndian cement companies saw their profits drop over the July-September period due to higher cement prices and freight expenses. Average dispatches across the country were estimated to have increased by 3.5 per cent, according to Business Line. Meanwhile, coal expenses were also lower as the international market price was down 11 per cent YoY to US$78/t. However, the average cement prices were at INR279/50kg bag during the quarter, down seven per cent from INR300/50kg bag. In South Ind... |
Vietnam expects price stability18 October 2013, Published under Cement NewsVietnam’s Ministry of Finance's Pricing Management Department expects cement prices to remain stable this month following September’s increase, local press reported. Some companies operating under the country’s largest cement producer, Vicem, raised prices by 5-9 per cent a month ago to VND1.3m-1.5m/t (US$61-71) in the north and VND1.6m-VND1.8m in the south. Vicem chairman attributed the hikes to higher production costs due to higher electricity prices. Cam Pha Cement Company, for exampl... |
Asia Cement expects higher nine-month net profit17 October 2013, Published under Cement NewsAsia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year. |
Rising South African input costs impacting Lafarge margins08 October 2013, Published under Cement NewsLafarge South Africa has said it may raise cement prices on the local market due to higher fuel and electricity costs. Thierry Legrand, country chief executive, said last week that increasing input costs were having an impact on margins and had not been fully recovered in previous price increases. He said fuel costs rose by 21 per cent in 2011, 16 per cent last year and nine per cent so far this year, while electricity costs were increasing annually by more than nine per cent. As such, the... |
Vietnam producers increase prices24 September 2013, Published under Cement NewsVietnam producers have increased cement prices by VND100,000/t (US$4.71) to help mitigate higher input costs despite domestic demand remaining subdued. The increase is due to the rising cost of inputs such as petroleum, coal and power. The average selling price is now VND1.28m. Prices in the north range between VND1.28m-1.66m/t while in the north they are VND1.36-1.74m/t. Producers have also reduced their discount to agencies by VND20,000/t, the price management department under Vietn... |
Malaysian fuel price hikes to impact production costs05 September 2013, Published under Cement NewsLafarge Malaysia Bhd, the country's leading cement producer, said an increase in fuel prices due to the government's recently-announced cut in subsidies, will have a definite impact on production costs. “The increase would naturally have an impact on businesses in terms of transportation cost for both production and delivery to the market,” a spokesman from the company told The Star newspaper of Malaysia. “We understand the need for this subsidy rationalisation exercise by the Governmen... |
India Cement's net profit hit by rising production and transportation costs22 May 2013, Published under Cement NewsRising production costs and subdued demand in the southern markets has resulted in India Cements reporting a 31 per cent decline in FY13 net profit. Net profits (consolidated) fell to INR178.62 crore for the fiscal, down from INR259.86 crore last year, while revenues rose nine per cent to INR5159.47 crore from INR4631.04 crore last year. According to N Srinivasan managing director of India Cements, profit took a hit due to an increase in cost of diesel and freight charges and high cost o... |