Cement News tagged under: Prices

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India: further challenges ahead

15 June 2021, Published under Cement News

India’s cement demand declined by less than initially anticipated in 2020 and producer profitability was supported by a better-than-expected economic recovery, stable cement prices and greater cost efficiencies. However, GDP growth has been precarious and as the pandemic takes a concerning turn, 2021 may be no less challenging in terms of market dynamics and maintaining cost discipline. A pick-up in government-led infrastructure projects resulted in incremental cement demand Ind...

Rock Hard Cement to increase cement price

14 June 2021, Published under Cement News

Caribbean cement importer Rock Hard Cement announced it will be increasing its price for cement from 1 July 2021. The company cited rising global prices along with the volatility of shipping in the second half of the year, according to the Daily Express. Meanwhile, Trinidad Cement Ltd confirmed that it has not supplied any cement to local distributors and retailers since 8 May, except for direct supplies to three essential construction projects as requested by the government. However, it h...

Zambezi Portland Cement allows retail purchases direct from plant

09 June 2021, Published under Cement News

Zambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Litana, has said the company has a set price and that it was not interfering in price fixing on the retail market. "As a cement producing company, we do support not only large buyers but small scale consumers, you can come here and buy 100 or 200 bags," he said.

Fancesa considers lowering prices

09 June 2021, Published under Cement News

Bolivia-based Fancesa is looking to lower prices to improve its sales and is changing its selling practices. "Our cement is the most expensive in the entire national territory," said the Governor Damián Condori after the extraordinary shareholders' meeting that was held yesterday at the company's offices. This does not allow Fancesa to be more competitive, particularly not during the COVID-19 pandemic, he added. “In our city just, El Puente, cement is at BOB41 [US$5.95]. Our cement is at B...

French cement consumption expected to recover in 2021

28 May 2021, Published under Cement News

Cement consumption in France fell 7.5 per cent to an estimated 17.891Mt in 2020 with demand in 2021 forecast at 19.039Mt, up 6.5 per cent YoY, according to CIC Market Solutions. Ready-mix concrete production in FY20 contracted 9.1 per cent to 36.994Mm 3 when expressed in constant working days. In the first quarter of 2021, output saw a 23 per cent YoY jump but edged up 1.1 per cent when compared with the 1Q19. Cement producers such as Lafarge France and Ciments Français announced a price...

Côte d'Ivoire government responds to rising cement prices

17 May 2021, Published under Cement News

To prevent cement prices spiralling out of control following recent increases, the Ivorian Ministry of Commerce and Industry set maximum cement prices in Côte d’Ivoire at XOF73,000/t (US$135.08/t) of CPJ 32.5 cement ex-works, and at retail level XOF85,000/t within a radius of 300km from the cement plant. Retail prices beyond 300km  were set at XOF90,000/t. The sale of CPJ 42.5 cement will be at a maximum price of XOF75,000/t ex-works. Maximum retail prices within a 300km radius were set at...

Malaysia: budget for the future

20 April 2021, Published under Cement News

Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ...

Russia on the rebound?

05 April 2021, Published under Cement News

After returning to growth in 2019, Russian cement consumption stalled in 2020 due to the impact of the COVID-19 pandemic. Construction output stagnated during the year, but government programmes are expected to stimulate recovery and help cement consumption growth rebound, thus paving the way for cautious optimism in 2021. By Alexey Semenov, GS-Expert, Russia. Support measures announced by the Russian government have become stimuli for the domestic economy, construction industry an...

Cement prices rise in Ghana

29 March 2021, Published under Cement News

Cement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins.

VICEM’s shift to sustainability

09 February 2021, Published under Cement News

Vietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products. VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base Owned by the Vietnamese state, the or...