Cement News tagged under: cement prices
Morgan Stanley: cement consumption to grow 4% YoY to 202025 April 2016, Published under Cement NewsNew research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and 2020. The investment firm is particularly bullish about India, South Asia and sub-Saharan Africa, all of which it forecasts will see consumption grow by more than five per cent per year over the period (with Indian demand set to expand at 6.7 per cent). However, consumption in China is predicted to fall by 1.2 per ... |
China Resources Cement sees profits fall by 99%25 April 2016, Published under Cement NewsChina Resources Cement (CRC) has seen profits attributable to owners fall by 99 per cent to HKD6.6m (US$850,000) for the first three months of 2016 as compared to the same period in 2015. The firm's revenues fell by 24 per cent to HKD4.7bn (US$610m) in 1Q2016. The company was hit hard by falling prices: sales volumes rose from 15Mt in 2015 to 15.8Mt, but average prices fell by 27 per cent to HKD232.8/t (US$30/t). Sales volumes fell 14 per cent to 5.6Mt in Guangdong – CRC’s biggest prov... |
Pakistan: Builders hit out against high cement prices19 April 2016, Published under Cement NewsThe Chairman of Pakistan’s Association of Builders and Developers (ABAD), Hanif Gonar, has accused the country’s cement manufacturers of keeping prices artificially high. In a report in the Daily Times, Mr Gonar pointed to recent statements by the head of the All Pakistan Cement Manufacturers Association, Muhammad Ali Tabba, who claimed that taxes on gas and coal meant the industry was unable to reduce it charges. This was not the case, the ABAD chairman, insisted. He claimed that the ... |
Kazakhstan: Steppe Cement sales down as demand tumbles18 April 2016, Published under Cement NewsSteppe Cement has seen sales and revenue fall in the first quarter of 2016 as the company predicts that demand in Kazakhstan will be 11 per cent lower this year than it was in 2015. According to a report from DigitalLook, Steppe Cement’s volumes were down one per cent YoY in Q1 2016, falling to 190,953 tonnes. Revenues fared worse, falling by 12 per cent to KZT2.3bn (US$6.8m) over earnings in the same period last year. Ex-factory prices have declined by 13 per cent. Despite this, Step... |
India: Cement stocks rise as demand recovers14 April 2016, Published under Cement NewsIndian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this period, the Economic Times reports, India Cements’ shares are up 23 per cent, ACC is up 18 per cent, JK Cement and JK Lakshmi Cement are up 16 per cent, Ramco Cements is up 14 per cent and Ambuja Cements is up 12 per cent. The market as a whole, as tracked by the Bombay Stock Exchange’s Sensex index, is up just 1.2 per... |
Cement price dispute rages in Pakistan14 April 2016, Published under Cement NewsThe Pakistan cement industry and the Association of Builders and Developers of Pakistan (ABAD) are loggerheads with each other on the price of cement price. Both players are advocating their point of views and are appealing to the government to safeguard their industries, and the current and future investment in their respective sectors. While defending, Chairman of All Pakistan Cement Manufacturers Association (APCMA), Mohammad Ali Tabba, said in a statement that the cost of doing bu... |
Mexico: cement prices rise 6.7% in 201525 February 2016, Published under Cement NewsCement prices in Mexico have risen 6.7 per cent in 2015, according to the National Institute of Statistics and Geography (INEGI). It is the highest price advance recorded since 2008. The increase has been attributed to the strength of the US dollar vs the Mexican peso. In 2015 Cemex, the largest cement producer in the country, hiked its prices by 10 per cent to protect its margins, a step which was quickly followed by other cement companies. In 2014 Cemex raised its prices by two per cent... |
Zambezi Portland lowers cement price22 September 2015, Published under Cement NewsCompetition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51. |
Dangote Cement02 March 2015, Published under Cement NewsDangote Cement has sent a team of experts to Nepal to study the feasibility of opening a cement plant there. The team is reportedly looking into sites in the Makawanpur and Dhading Districts where the company intends to open a 6000tpd cement plant by June 2017. Nepal currently consumes around 3.5Mta of cement, but this is expected to grow to 6Mta by 2020. In Ghana the worsening power crisis has forced Dangote to buy fuel for its standby generators, increasing its production costs. Accord... |
Dangote Cement03 February 2015, Published under Cement NewsNigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou... |