Cement News tagged under: Prices

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Vietnam’s dragon of growth

29 June 2018, Published under Cement News

With strong economic growth fuelling infrastructure investment and China importing more clinker than ever, its not hard to see why Vietnam’s cement producers are enjoying a surge in demand. But the industry remains highly-fragmented and needs to tackle its oversupply situation as new mega plants arrive on the scene. The Vietnamese dragon is a symbol of growth. Last year saw the country report GDP expansion of 6.8 per cent, the highest rate in the last decade Last year saw Vi...

Semen Indonesia

28 June 2018, Published under Cement News

Semen Indonesia is hoping to boost sales across the country by using an e-commerce platform. The move comes as the company announced a 4.5 per cent contraction in domestic sales in the opening quarter of 2018, falling from 2.38Mt in 1Q17 to 2.27Mt. Intense competition from new arrivals has forced established producers such as Semen Indonesia to lower their prices.  It’s not only prices that have been affected by the new arrivals. The gap between cement production and demand in Indonesia a...

Cemex raises cement price 5% in Mexico

12 June 2018, Published under Cement News

Cemex has increased the price of cement in Mexico by five per cent last week, making it the second price rise by the company this year. The increase applies to national sales of bagged cement. The increase applies from 4 June and the company has said the price is part of its programme to supply “value over volume” and to set “realistic cement prices. In January the company carried out a 10-12 per cent increase in prices for both bagged and bulk cement as well as raising prices for read...

Cement prices rise in Pakistan

04 June 2018, Published under Cement News

Prices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users.   Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ...

Pakistan cement likely to face challenges

25 May 2018, Published under Cement News

Pakistan's cement industry is expected to face challenges ahead in view of an increase in production capacity in the north and south, the surging cost of coal prices and a cut in the Public Sector Development Programme (PSDP) in FY18-19. These developments are expected to impact on cement prices as well as capacity utilisation – industry experts anticipate and suggest exports are the only respite in the difficult time ahead. With falling capacity utilisation rates over the medium term, p...

Hima Cement to open new plant in Uganda next month

17 April 2018, Published under Cement News

Hima Cement has announced that its UGX144bn (US$40m) new plant in Tororo, Uganda, will begin operations next month. The country is currently experiencing a severe price hike and George Nicola, CEO of Hima Cement Uganda, has stated that increased production can solve the issue. “It is not the producers increasing the price but it’s the full distribution channel that has been impacted,” said Mr Nicola. “What is causing the price to go up is because our customers’ distributors and retailer...

KFTC fines 26 manufacturers for cartelisation

16 April 2018, Published under Cement News

The Korea Fair Trade Commission (KFTC) has announced that it levied KRW15.37bn (US$14.64m) of fines on 26 cement manufacturers for cartelisation activities, according to Korea JoongAng Daily. The KFTC stated that the manufacturers had colluded to set the prices of ready-mix concrete provided to smaller construction firms between 2009-16. As a result, the prices of the construction material have been on the rise, according to the watchdog. The KFTC has referred the 26 companies to state p...

A banner year ahead

09 April 2018, Published under Cement News

Following several challenging years with cement demand declining, the year ahead promises a turnaround of fortunes for China. With domestic cement consumption and export demand expected to rise and new supply to moderate, the Chinese cement industry can look forward to a better year. Prices are also forecast to recover, providing improved returns for producers. By Addison Dai, DBS Vickers, Hong Kong. China’s cement consumption is expected to grow in 2018, improving the demand-supply b...

Egyptian cement prices rise EGP250/t in March

09 April 2018, Published under Cement News

Egyptian cement prices increased by EGP250/t (US$14.14/t) to reach EGP1100/t at the beginning of March, reports Ahram Online. This has been attributed to some manufacturers using a halt in production in Sinai to raise prices, according to members of the Building Materials Division of the Cairo Chamber of Commerce.  The cement price hike is part of a wider increase in the cost of building materials, which could result in a 15-20 per cent rise in real estate unit prices over the year. “Rea...

Imported petcoke prices rise to a multi-year high in March

19 March 2018, Published under Cement News

The price of petcoke imported to India has risen to a multi-year high in March. This has been attributed to both increased demand and a supply shortage because of maintenance work undertaken by refiners, reports Mint. "Indian demand for petcoke is around 23-24Mta, while domestic supplies total up to around 14Mta. Suppliers are not in a rush to sell into the Indian market for there is some healthy demand from other regions like Latin America," said Deepak Kannan, managing editor of Asia The...