Cement News tagged under: Prices

RSS feed

El Salvador records 18.5% drop in cement prices

11 June 2013, Published under Cement News

Cement prices in El Salvador rose by 18.5 per cent YoY to US$8.49 per 42.5kg bag in February 2013, according to CASALCO, the Salvadorian Chamber of the Construction Industry. The rise in cement prices has affected the growth of the construction sector, according to the organisation. “The increase in cement prices has had a direct impact on all construction costs,” said Carlos Guerrero, CASALCO president. Cement consumption in the first three months of 2013 decreased 9.1% to 6506 bags ...

Caribbean: cement price increase 'difficult to accept'

10 January 2013, Published under Cement News

The 9.5 per cent cement price hike announced at the start of this year by Trinidad Cement Ltd, will be 'difficult to accept,' according to the former president of the Contractors Association of Trinidad and Tobago. Following the hike, a 42.5kg bag of cement now cost approximately TTD55 (US$8.60).  “Anytime cement prices goes up, it is difficult to accept. When you are talking about a 9.5 per cent it makes it even worse. You would have had people with ongoing contracts and they would be n...

Jamaica: Caribbean Cement raises prices

31 December 2012, Published under Cement News

Caribbean Cement Company, a member of the TCL Group, has announced price increases for a bag of cement. The company said effective January 7, the prices for its packaged Carib Plus will be increased by 15.4 per cent. There is also to be slight adjustments in the prices for other products. A bag of Carib Cement OPC will be sold for JMD780 while Carib Cement plus will sell for JMD755 per bag. Carib Cement said it had to increase its prices in order to generate enough money to meet debt payme...

Northern India: rising demand to support prices

29 December 2012, Published under Cement News

A slower rate of new capacity additions coupled with strong demand in north India will improve the business environment enabling higher prices for cement companies such as Shree Cement, JK Cement and JK Lakshmi Cement. A reduction in oversupply will improve utilisation levels and eventually lead to higher prices. While India will see capacity expansion of more than 80Mt in the next two years, in north India, it will just be 8-10Mt, according to a report in the Economic Times. Demand gro...

Trinidad prices to come down

01 August 2012, Published under Cement News

Trinidad Cement Ltd announced that a temporary surcharge imposed on bagged cement has been removed and that cement prices are expected to go down in the coming weeks. Speaking to local press, Satnarine Bachew said a 42.5kg bag of cement had increased by US$13 as the company was forced to raise prices two weeks after workers began strike action on 27 February. "The additional charge was driven by the higher cost of satisfying the local cement demand due to extenuating circumstances crea...

China Resources Cement prices weaken in1Q2012

07 May 2012, Published under Cement News

China Resources Cement Holdings Ltd, the largest cement producer in South China, saw its average sales price decline 6% or RMB20/t Y-on-Y to RMB340/t in the first quarter of this year, noted Deputy Chairman Yu Zhongliang. Yu noted that the firm's gross margin narrowed to 20% during the low season. But he believes the company gross margin would reach 30% this year, as sales prices began to rebound at the beginning of April. Sales volume surged 33% from a year earlier in the first quarter ...

Pakistan: FY12 to be a fortunate year for the entire cement industry

04 May 2012, Published under Cement News

Pakistan cement sector profitability is on the recovery path due to higher local dispatches and rising prices. Low-tier companies are also on the way of recovery. Researching domestic sector profitability for 9MFY12 by reviewing the accounts of the 17 companies representing 98% of the listed sector market capital, leading brokerage house InvestCap Research has suggested that FY12 to date could be considerate particularly good year for Pakistani cement producers. The top line of the sector...

Lafarge sees higher pricing in 2012

04 May 2012, Published under Cement News

Lafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amortisation in the three months to 31 March rose 8% to €516m (US$678.67m), while sales increased 5% to €3...

India: cement prices falling pre-monsoon

04 May 2012, Published under Cement News

Apart from in eastern India, cement prices are on a downward spiral across the country, suggesting the monsoon-time weak cycle has set in early this year. Dealers and industry sources said prices have corrected in the range of INR5-15/bag, or around 2%, of late as supply outstripped demand. The earlier price uptrend since February corrected from INR314-308/bag (US$5.80-5.70) in mid- to end-April. A cement dealer from Delhi said, “Demand from construction activity has been low. The most re...

India: cement closures called in Rayalaseema

02 May 2012, Published under Cement News

The Rayalaseema Rashtra Samiti, an organisation based in Proddatur of Kadapa district, has given a closure call for all cement factories in the four Rayalaseema districts on 23 May if the price per bag is not reduced to INR150 (US$2.80) from the current INR330 (US$6.24). Samithi president Kuncham Venkata Subba Reddy has sent out notices to the cement factories and also written a letter to Prime Minister, apprising him of the problems faced by people of Anantapur, Chittoor, Kadapa and Kurno...