Cement News tagged under: Prices

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Builders challenge cement price rise in southern India

06 April 2015, Published under Cement News

The price of cement has gone up by INR100 per bag (USD1.61) over the last six months in Tamil Nadu, according to the Tiruchi branch of the Builders’ Association of India. The construction industry has been adversely affected and the Builders’ Association of India is now exploring the possibility of importing cement, claimed Mr Thirusangu, chairman of the association in Tiruchi. Furthermore, the rising price is not linked to the increase in cost of any cement manufacturing inputs. “The incr...

Paraguay: INC lowers cement price

04 March 2015, Published under Cement News

INC has reduced the price for three types of cement. Vallemí cement will see a fall from PYG38,990 (US$8.34) to PYG35,000 while cement sold from the Villeta works will see its price reduced from PYG41,500 to PYG41,000. Pozzolana cement now costs PYG41,500, down from PYG42,500. The company is currently investing US$67m in a fuel conversion project, saving US$10m annually as well as increasing production by 8000 bags/day.

UAE: changing fortunes

02 February 2015, Published under Cement News

The changing fortunes of the UAE, as it prepares to host Expo 2020 in Dubai, expands its infrastructure and addresses housing requirements, are envisaged to bump up domestic demand in the coming years. Meanwhile, exports have provided significant relief to local producers during recent years of scaled-back demand. The UAE’s construction sector is returning to form, with a number of major megaprojects in the pipeline and the ramping up of social infrastructure spend. Prestigious, la...

Algeria’s expansion drive

19 January 2015, Published under Cement News

As cement demand rapidly increases across north Africa, Algeria leads the region’s drive to increase its cement production capacity. Supported by an active housing and infrastructure construction sector, domestic cement demand is expected to remain high, offering plenty of opportunity for existing and new cement plants. Algeria’s housing shortage and a need for infrastructural development is expected to ensure a continued buoyant domestic cement market Algeria’s economy is on...

Costa Rica: cement price rises up to 5% at end-2014

07 January 2015, Published under Cement News

The price of cement rose by 4.3-5 per cent at the end of December 2014, depending on supplier, according to the national daily La Nacion. The first to adjust prices, by five per cent upwards, was Cemex on 22 December, followed five days later by Holcim, which increased prices by 4.3 per cent. Both companies have attributed the increase to a rise in inflation, which reached 5.13 per cent at the end of 2014. Randall Murillo, executive director of the Costa Rican Chamber of Construction (CCC...

Paraguay: INC plans to raise capacity

07 January 2015, Published under Cement News

Paraguay’s Industria Nacional de Cemento (INC) plans to increase its production capacity from 50,000 to 70,000 bags/day in 2015, according to Jorge Méndez, head of the company. This is expected to create a good supply to the market and lower prices by the end of the year. Although the company is forecast to have an accumulated deficit of nearly PYG1bn, due to successive years of losses, he assured that in 2014, the firm will produce a profit of PYG8000m. The change in fuel planned for...

Mongolia on the move

03 December 2014, Published under Cement News

To ensure an increasing domestic supply of the rapidly-expanding Mongolian cement market, existing producers are expanding and modernising their production base and new players are entering the market. In a transformation process not seen in the past three decades, Mongolia’s cement industry is clearly going places. Mongolian ALT (MAK) is building a 1Mta cement works at Khukh Tsav, Dalanjargalan district, Dornogovi While Mongolia remains among the world’s fastest-growing economi...

Paraguay: cement price decrease expected

17 November 2014, Published under Cement News

Jorge Méndez, head of Paraguay’s Industria Nacional del Cemento (INC), announced a drop in cement prices for 2015-16. At present the price of a 50kg bag of cement is PYG42,000, but next year is expected to see the price fall to PYG35,000. The upcoming change has been attributed to production process modifications such as the plant’s new dryers and fuel switch at the Vallemí works.

China Shanshui Cement 1H hit by lower prices

25 August 2014, Published under Cement News

China Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability.   During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh...

Set for rationalisation?

18 June 2014, Published under Cement News

With the construction sector predicted to grow by just 1.1 per cent in 2014, there is little for South Korea’s cement producers to look forward to. As the focus turns to overseas markets, cement exports are on the up, but how long can this strategy sustain the country’s cement overcapacity crisis? South Korea’s cement producers will need to find a long-term solution to their overcapacity woes as the domestic market has reached saturation point and export growth is unsustainable ...