Cement News tagged under: Prices

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Challenges to grow in 2019 for Pakistan cement sector

02 January 2019, Published under Cement News

Pakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to remain flattish in FY19 mainly due to higher base of FY18, reduction in allocation of the Public Sect...

Fancesa lowers prices for Christmas

21 December 2018, Published under Cement News

Fancesa’s 2018 Christmas campaign has seen the company lower its cement prices to BOB42/bag (US$6.07/bag) from BOB46 in Sucre, Bolivia. The company expects to meet its target of 90,200t of monthly cement sales in December, after record sales in November 2018 helped the company exceed its target by five per cent.

Pakistan's cement industry braces itself for challenges ahead

13 December 2018, Published under Cement News

Pakistan's cement industry will face challenges in the remaining six months of current financial year 2018-19 due to various pressing factors. Industry experts are of opinion that declining trends in cement demand, capacity expansion, cut in Public Sector Development Programme (PSDP), slowdown in private construction and price war may adversely impact cement industry performance from January 2019 onward.  According to a report of Taurus Security Ltd, the cement sector in Pakistan faces ...

Mexican ready-mix prices to rise 20%

13 December 2018, Published under Cement News

Mexico's ready-mix concrete producers are set to raise prices by 20 per cent. The Mexican Association of Independent Concrete Producers (AMCI), representing 70 per cent of the production companies in Mexico, cited the rising cost of cement and aggregates, including sand and limestone as well as higher prices for diesel and electricity. The price rise will come into effect on 1 January 2019.  "This increase... is due to the rise in 2018 of all our inputs," said Jorge Pérez, Cemex's Media Rel...

Paraguay's MIC committed to ensuring cement supply

10 December 2018, Published under Cement News

Paraguay's Ministry of Industry and Commerce (MIC) held a press conference with representatives of the cement sector to address the reported scarcity of cement on the market. Vice President of Commerce, Pedro Mancuello, noted that action will be taken to ensure that there is an adequate amount of cement on the market at a suitable price for the consumer. "We are making an alliance with the National Cement Industry (INC) with the Secretary of Defense of the Consumer (SEDECO) and the Sub-...

PPC indicates price rises ahead for South Africa's cement market

27 November 2018, Published under Cement News

PPC has seen group revenues grow by eight per cent to US$40m on the back of higher volumes and PPC's CEO, Johan Claassen, is not ruling out future price rises in South Africa. Mr Claassen said price hikes were necessary despite PPC's estimates that capacity would outstrip demand in South Africa by as much as 36 per cent in 2018. "Our synopsis is that the industry really needs it, and somebody needs to be bold about it," Mr Claassen said. "To make costs of capital, the cement industry in SA...

Germany: spending spree ahead?

02 November 2018, Published under Cement News

The need for Germany to begin spending its accrued budget surplus on infrastructure projects and housing is starting to weigh heavily on the new government. The cement industry has invested and is able to increase output. Will the public purse strings be loosened? HeidelbergCement’s Burglengenfeld plant in Bavaria is just one of several German cement plants that have carried out upgrades to improve production efficiency and reduce the environmental impact of their operations ...

Cement prices in central India rise

17 October 2018, Published under Cement News

While cement prices across India declined MoM to INR326 (US$4.44)/50kg bag in October from INR328/bag, they significantly increased by INR3/bag in central India as local demand performed better when compared with other regions. Prices increased by INR5-10/bag in Lucknow, Meerut and Faizabad in Uttar Pradesh and remained steady in a few places such as Bhopal. Better demand conditions are supporting prices, said analysts, but they warned that demand continues to be driven mainly by governmen...

High expenses deter industry from investing in Himachal Pradesh

12 October 2018, Published under Cement News

Multiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant...

Cement prices rise 25% in Uzbekistan

10 October 2018, Published under Cement News

Cement prices in Uzbekistan have risen 24.7 per cent YoY in the first nine months of 2018, alongside an overall increase of 18.4 per cent in the price of building materials. Meanwhile, a decline in cement production within the country has been attributed to a price hike of around 60 per cent for gas and electricity for the construction industry.