Cement News tagged under: Prices

RSS feed

Benin government caps cement price

20 June 2022, Published under Cement News

The government of Benin has set a price cap on the price of cement with the new price ceiling dependent on the locality. The price is capped from 17 June 2022 for four months. The government has taken the step “in support of populations faced with soaring prices of consumer products” and during the four-month period the Ministry of Commerce will carry out “strict controls and regular prices.”

Developing central Asia

16 May 2022, Published under Cement News

The central Asian cement markets of Kazakhstan and Uzbekistan are among the most active accumulators of greenfield plants and expansion projects. Construction and infrastructure projects are on a huge scale and opportunities are emerging for the cement sector to play its part in the development of these countries. By ICR Research, UK. Bordering China, Kazakhstan is seeing large infrastructure projects under impetus of the Belt and Road scheme, while in Uzbekistan infrastructure pro...

Cuba’s government approves retail prices for cement

21 April 2022, Published under Cement News

The Cuban government approved retail prices for white and grey cement  in bulk and 42.5kg bags. Grey cement costs CUP79 (US$3.24)/bag while the price for a tonne of bulk cement is CUP1500. White cement costs CUP183/bag while the price for bulk cement is at CUP4000/t. At present, production by the country's cement plants does not cover domestic demand.

Cameroon prices rise as construction demand strengthens

20 April 2022, Published under Cement News

Cement prices in Cameroon have risen in April to XAF6000-6600 (US$9.89-10.88)/50kg bag, past the November 2021 peak. The price rise is expected the help cement producers offset the impact of higher input costs. As of 22 March 2022, the average cement price rose by over 10 per cent MoM and by 11 per cent YoY, firming up as the cement sector enters a seasonally-strong period for construction activities. In addition, the government has increased its pace of awarding road construction projects.

Building material prices continue to rise in Germany

22 March 2022, Published under Cement News

Cement prices in Germany rose by 4.9 per cent YoY in February, according to the recently-published producer price index by the German statistics office, Statistisches Bundesamt.   The rise was more modest than in other building materials due to the highly competitive industry environment in Germany, according to industry analysts at CIC Market Solutions (France). The equity research team at CIC Market Solutions point out that in 2022, the domestic industry is targeting a YoY EUR13-15/t incr...

Bamburi Cement to raise prices as costs escalate

15 March 2022, Published under Cement News

Kenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price of a 50kg bag of Bamburi Cement retails between KES600 (US$5.25) and KES770.

Tudela Veguín halts production for 10 days

14 March 2022, Published under Cement News

Cementos Tudela Veguín has shut down its plant at La Robla for 10 days from Friday, 11 March, citing the soaring electricity prices as the reason for the stoppage. The company has significant stocks of cement and expects to continue normal deliveries to its customers. The halt in operations will not affect the nearly 200 workers at the plant, the company said.  While it has a cement capacity of 1.2Mta, it has a utilisation rate of around 25 per cent currently. The company follows Ceme...

Cement prices in Tanzania to fall?

23 February 2022, Published under Cement News

There was a modest fall in cement production in Tanzania in 2021 as output fell to 6.436Mt when compared with 6.496Mt in 2020, according to data from the National Bureau of Statistics. Prices have risen sharply during the period. Cement producers have said that the COVID-19 pandemic and its associated lockdowns in the world have compounded the cited issue of “high manufacturing costs”. Maintenance and repairs of cement plants were more difficult as lockdowns in other parts of the world ha...

Cement demand in El Salvador sees 33% hike in 10M21

22 February 2022, Published under Cement News

Apparent cement consumption in El Salvador increased 33 per cent YoY to 1.437Mt in the 10M21 from 1.086Mt in the 10M20, according to the country’s construction chamber, CASALCO. Cement prices have increased with cement delivered ex-works (including VAT) up 6.9 per cent YoY to US$8.09/bag of 42.5kg in January 2022 from US$7.57/bag in January 2021. At the retail level, prices increased by 5.6 per cent YoY to US$8.83/bag in January 2022 from US$8.36/bag.

SONOCC announces resumption of production

26 January 2022, Published under Cement News

Société nouvelle des ciments du Congo (SONOCC) will restart its production of cement from 31 January after several weeks of work stoppage, said the company’s Director General, Il Xingtao. It is expected that the additional output will help alleviate the cement shortage in the Republic of Congo and put an end to soaring cement prices. Prices have jumped to XAF120,000 (US$206.67) to date from XAF70,000 in November 2021. At present only Forspak’s plant is operating but is unable to cover na...