Cement News tagged under: cement prices
USA: Summit cement profits rise 45% on back of higher volumes and prices24 February 2017, Published under Cement NewsIn a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices increasing by 7.5 per cent. Summit’s cement segment produced revenues of US$250m in 2016, with profits reaching US$127m in the same period. The business produced 2.14Mt of cement over the year, of which 0.6Mt was produced in the 4Q16. Summit’s profitability was improved by the rising price of cement. In 2015 its ave... |
Rising cement prices signal economic growth in China24 January 2017, Published under Cement NewsRising cement prices were providing a clear signal that China's economic growth will remain stable for the year ahead, said Mo Ji, chief economist for Asia ex-Japan at Amundi in an interview with CNBC. Cement offers a more accurate gauge of China's economic activity given its short shelf life. "It can only be stored one month. If there is no on-the-ground activity, how can the cement prices go up? It's really demand," she said, adding that meant infrastructure and other construction was ... |
India: falling demand and rising petcoke prices threaten profits08 December 2016, Published under Cement NewsThe Economic Times reports that petcoke prices – which have risen by over 36 per cent since the start of the year – are likely to put a squeeze on cement company profits. This comes on top of the disastrous impact that the withdrawal of higher denomination rupee notes has had on the economy. The Reserve Bank of India’s failure to provide enough new-style notes has had a profound and negative effect in a country where 98 per cent of all transactions are carried out via cash. An analyst ... |
Taiwan Cement plans to increase exports to China08 December 2016, Published under Cement NewsThe Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per... |
India: marking time28 November 2016, Published under Cement NewsWhile the monsoon has been kind to India this summer and is likely to help a recovery in cement demand next year, India’s cement producers are still marking time as they wait for more sustained, double-digit growth reminiscent of better times in the past. Eyes, and hopes, are set on FY17-18. As the Indian private sector has not yet accelerated its spending all eyes are on the government to support the cement industry with an increased public spending programme Despite being o... |
India: 32 manufacturers to sell at INR230/bag25 November 2016, Published under Cement NewsTelangana State Housing Corp has signed a MoU with 32 cement manufacturers this week. As per the MoU, the companies will supply cement at a price of INR230/bag (US$3.35/bag) for the next three years to the housing corporation. With cement prices high on the open market, the state government negotiated with the manufacturing companies for reduced rates. Housing Minister Undrakaran Reddy thanked the participating firms for coming forward and supporting the housing scheme. Mr Reddy estimates... |
CRH revenues rise to US$22bn on stronger US construction activity17 November 2016, Published under Cement NewsIn a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f... |
India: Telangana State Housing Corporation signs cement price MoU03 November 2016, Published under Cement NewsThe State Housing Corporation of Telangana has signed a memorandum of understanding with local producers to fix the price of supplied cement at INR230/bag (US$3.45), the New India Express reports. The rate includes loading, transportation, unloading and all taxes. The average price of a bag of cement in India was INR285-290/bag at the beginning of the year, but substantially higher in Telangana and other southern states at around INR350/bag. The State Housing Corporation is currently u... |
Uganda: Kampala Cement’s investors revealed19 October 2016, Published under Cement NewsKampala Cement, Uganda’s newest cement company and the country’s third, is jointly-owned by two local investors, Charles Mbire and Rajinder Singh Baryan, according to an article in the New Vision newspaper. Baryan’s investment was known from the start as Kampala Cement and from the outset associated with his Multiple Industries Group. Mbire’s involvement was hitherto unknown, and the industrial clout wielded by both men gives Kampala deep pockets. Kampala Cement began production in 201... |
Ghana: cement companies cut prices to win market share07 October 2016, Published under Cement NewsImproving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb reports. Following Dangote Cement’s decision to reduce its price by GHS1.00/bag (US$0.25) in September, Ghacem and others have followed suit, driving down prices throughout the country. The Ghanaian market is dominated by Ghacem, Dangote and WACEM/Diamond, although GhanaWeb’s investigations found that cement impor... |