Cement News tagged under: Prices

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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 ...

India: Telangana Government seeks cement price cuts

17 June 2014, Published under Cement News

On Monday, the Telangana Government in southern India asked local cement companies to reduce prices. Chief Secretary to the Government, Rajiv Sarma, had asked the firms to rationalise the price in line with the demand. It may be noted that cement prices rose sharply after the formation of the new government in the centre and the two states and is hovering around INR280/bag (US$4.7) at present, marking an increase of INR60-80 in the last three weeks. According to sources, the industry capta...

Russia: open to investment

28 April 2014, Published under Cement News

Attracting private and foreign investment is becoming key for Russia as prices in oil and natural gas come under pressure for funding state projects. Russia’s transition to a modern country will also require large volumes of cement and the ramping up of production capacity is already in full swing. In recent years, Russia has been building new, modern production capacity to replace old wet-process plants Russia’s economy continues to decelerate as consumer spending, key to the c...

DC market developments

16 April 2014, Published under Cement News

The United States’ DC Area has been the centre of attention in many ways during recent years. In terms of cement consumption, while the area achieved nearly 20 per cent growth last year compared to its 2010 trough, it may be some years before previous peaks are achieved. By Rob Roy, ROI Consulting, USA. ICR looks forward to meeting delegates at the 2014 IEEE-IAS/PCA Technical Cement Conference and Exhibition in Washington, DC. Visit us at booth No 112! The District of Columbi...

African Forum checks dynamics of cement prices

07 April 2014, Published under Cement News

Zambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta...

India: adjusting to new times

07 April 2014, Published under Cement News

The latest financial updates from some of India’s leading cement producers suggest that the long-awaited revival in higher consumption trends is still some way off. The industry remains weighted under slowing demand growth, concerns over capacity utilisation rates and downward pricing pressures. Sector specialists are now calling for stimulus measures to help draw the market out of its current slowdown and help absorb current capacity and expected new volumes. India’s general election...

Angola: expanding an industry

26 March 2014, Published under Cement News

Since 2002, Angola has been recovering from the wounds left after almost 30 years of civil war. The entire country’s infrastructure was destroyed and had to be rebuilt, creating a huge pressure on cement consumption. The cement industry sector has developed fast and the country is now self-sufficient. By Guilherme Paiva, Cimenfort, Angola & Luis Silva, Nova Cimangola, Angola. Angola’s cement producers, such as Cimenfort pictured here and Nova Cimangola, anticipate further market ex...

Venezuela: supply issues raise cement prices 50%

05 February 2014, Published under Cement News

Venezuela’s cement companies started the year with operational issues, which have resulted in an irregular supply to customers and a poor performance of the construction industry. This has impacted on prices, which have seen an upward trend for some cement types. In 2013, cement output fell and in the third quarter, production fell 10.5 per cent. Construction sector sources said that Industria Venezolana de Cementos (Invecem), Fábrica Nacional de Cementos (FNC) and Cementos Venezuela are ...

Oman's vision for growth

05 February 2014, Published under Cement News

Oman is currently experiencing a growth spurt, which has been reflected in rising cement demand as public spending on infrastructure and real estate climbs steadily. Domestic producers are beginning to satisfy the market through increases in capacity and the prospects for the industry going forward are very encouraging. By Vijay Sridharan, Gulf Baader Capital Markets, Oman. The Sultanate of Oman is becoming an increasingly popular tourist destination, providing evidence of growth i...