Cement News tagged under: cement prices
Cement prices rise 36-44% in Tamil Nadu14 February 2019, Published under Cement NewsThe price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former national president of the Builders’ Association of India, has noted that the increase will affect construction projects. "The price of basic raw materials in manufacturing of cement has not increased. The price of cement bag has increased by INR100. This increase is totally unethical. We request the government to fo... |
Gambia raises tax on Senegalese imports24 January 2019, Published under Cement NewsGambia has imposed a new import tax regulation on cement being imported from Senegal that has exacerbated the shortage of cement and increased prices in the country. Both the Commissioner General of GRA, Yankuba Darboe, and the Permanent Secretary at the Ministry of Finance, Mod Secka, confirmed that a cabinet decision was reached on the increment of excise duty on cement, imported from neighbouring Senegal. A five per cent excise tax was put on the CIF import value from 1 January 2019. Th... |
Cement price rise concerns Philippine housing developers22 January 2019, Published under Cement NewsHousing developers in the Philippines have become alarmed at the sudden rise in cement prices in the last few weeks. The Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP) and the Socialized Housing Alliance Roundtable Endeavour (SHARE), an association of non-government organisations (NGOs) engaged in housing development, reported that teh hikes in price of the commodity and shortages were of concern. Cement prices for 40kg bags jumped from PHP205 (US$3.87... |
Indian cement dealers association requests price control04 October 2018, Published under Cement NewsThe Kerala State Cement Dealers’ Welfare Association (KSCDWA) is expected to request that the government forms a regulatory committee with cement companies to moderate prices in the state. Until last month cement was available for INR355-360/50kg bag (US$4.81-4.88/50kg bag). However, this has now increased to INR395-440/50kg bag. In other states, the price remains at around INR310-360/50kg bag, according to the Deccan Chronicle. KSCDWA state secretary, Ellathodi Sirajudheen, commented t... |
Zimbabwe's cement prices skyrocket11 September 2018, Published under Cement NewsCement prices in Zimbabwe have hit a new high with 50kg bags being sold for US$20-25 on the black market compared to the authorised retail prices of US$11.50/bag for ordinary Portland cement and US$10/bag for masonry cement. A statement released by the Cement and Concrete Institute of Zimbabwe (CCIZ) last week indicated that the industry may not be able to cope with the rising demand, estimated at 30 per cent year-to-date since the same period last year, unless foreign currency shortages ... |
Tanzania's Government says super-dealers must be kept in check28 August 2018, Published under Cement NewsTanzania's Government has put out a strong message to the country's cement producers that their licenses will be revoked if they do not keep their super-dealer's price rises in check. Unwarranted price hikes are a feature of the market that the government is now seeking to stamp out. Mr Charles Mwiijage, trade and investment minister said, recent price hikes were the work of distributors who buy in bulk from super-dealers. The super-dealers are the middlemen who buy directly from the factor... |
Cement prices rise in Tanzania as Twiga Cement suspends production17 August 2018, Published under Cement NewsCement buyers in Tanzania are finding it difficult to buy adequate supplies of cement since Tanzania Portland Cement Ltd (Twiga Cement) suspended production on technical grounds. In July the price for a 50kg bag of cement was US$5.60 but is reported to have risen to US$8.70 (TZS TZS20,000, despite the fact Tanzania has 12 cement factories which produce approximately 7.1Mta. Cement buyers are reported to be turning to Kenya for cheaper imports of cement, according to KTN News. |
Tanzania government meets with stakeholders over cement prices16 August 2018, Published under Cement NewsThe Tanzanian government called an emergency meeting with stakeholders in Dar es Salaam to discuss the rising cement prices and the lack of product availability in the country’s market, according to a report in The Citizen. The closed-door meeting was chaired by the Deputy Minister for Industries, Trade and Investment, Stella Manyanya, who wanted producers to explain why there was scarcity of cement in the market. "We conducted a quick survey in the market and established that cement i... |
Cimerwa plant upgrade should see cement prices start to fall25 July 2018, Published under Cement NewsCimerwa expects its cement plant upgrade to stabilise the domestic market after shortages sent the price of a bag of cement up nearly 50 per cent in recent months. Rwanda has resorted to importing cement from neighbouring countries such as Uganda and Tanzania to cover the shortages. Bheki Mthembu, CEO of Cimerwa, told Reuters the company carried out maintenance and upgrade works on its plant in April and May, which had now been completed. The US$3.3m maintenance and upgrade programme at Cim... |
Northern players increase price by PKR1019 July 2018, Published under Cement NewsPakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details were given to justify the increase. The northern zone represents around 80 per cent of the total produc... |