Cement News tagged under: Prices

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India: glimmers of hope

26 October 2017, Published under Cement News

The Indian cement sector appears to have shrugged off the impact of demonetisation but 1QFY18 figures suggest recovery will be slow. However, confidence is starting to build on the back of a pick-up in demand from rural and semi-urban regions, while pricing improvements have led to improved profitability for the country’s leading producers. Will the glimmers of improvement starting to be seen translate into a better year for the Indian cement sector? With the effect of demonetis...

Urgent action required on Ghana's imported clinker valuation

04 October 2017, Published under Cement News

Dr George Dawson-Ahmoah, the Chairman of the Cement Manufacturers Association of Ghana, has appealed to the Ag Commissioner to intervene in the valuation on the importation of clinker by the Customs Division of Ghana Revenue Authority (GRA). Dr Dawson-Ahmoah who is also the Strategy and Corporate Affairs Director of Ghacem and the Chairman of the Tema Branch of the Association of Ghana Industries, stressed that the unfavorable economic environment was making business difficult in Gh...

Cemex leads the Caribbean

21 August 2017, Published under Cement News

With varying levels of economic growth across the region and reliant on overseas investment and trade with the UK and USA, these are uncertain times for the Caribbean. As a new player emerges in the regional cement market and prices fall, existing producers such as Cemex and Argos are strengthening their hand.  The Dominican Republic is the hub of Caribbean cement production with over 7Mta of capacity Economic activity in the Caribbean eased in 2016 with growth dropping to 3.43 ...

GCC achieves 23% YoY rise in 2Q sales

26 July 2017, Published under Cement News

Mexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m).  The company derives the majority of its sales in the US, where net sales advanced 28.9 per cent YoY to MXN3455m in 2Q17. In its home market of Mexico, sales expanded by 5.5 per cent YoY  to MXN1042m in 2Q17 when compared with 2Q16. Cement price realisation in the second quarter improved 16.9 per cent in Mexico but was more ...

Canacem: high demand pushes up Mexican cement prices

30 June 2017, Published under Cement News

Mexico’s National Chamber of Cement (Canacem) has attributed the increases in domestic cement prices to the high demand in the domestic market despite that construction players maintain that there are no conditions to justify the increases. "Cement prices in Mexico are established by the dynamics of supply and demand. The price varies depending on the region and the brand, because of the distances to be travelled, as transport in the country is expensive. We had time that we did not gener...

UltraTech

26 June 2017, Published under Cement News

UltraTech Cement will be bracing itself for the impact of the new Goods and Services Tax (GST) on the price of Indian cement. The new GST regime, which is due to be introduced on 1 July, will see the price market change for most commodities. With cement forecast to attract a GST of 28 per cent, cement prices are expected to increase, at least temporarily, raising the cost of infrastructure and housing in the country. So far this year, Indian cement prices have risen since March, only to f...

After the monsoons

01 March 2017, Published under Cement News

While the demonetisation of the Indian economy has seen cement sales significantly drop, the country’s cement producers are waiting for the positive medium-term effects of good monsoons to kickstart an acceleration in demand growth. Ambuja Cement saw a 6.6 per cent YoY drop in Jul-Sep sales in 2016 Uncertainty has once again eclipsed the growth of India’s 420Mta cement sector. Good monsoon rains with uniform spread across India in the July-September period have taken a toll on c...

Saudi Arabia: changing times?

14 November 2016, Published under Cement News

The 2017 outlook for the Saudi Arabian cement sector remains neutral unless the government continues its spending spree. But as the subdued oil price environment calls for a more-diversified economy and spending cuts to rein in costs, cement demand in the kingdom could be in for a gloomy ride in the medium term. By Santhosh Balakrishnan, Riyad Capital, Saudi Arabia. As oil prices remain subdued, Saudi Arabia may need to rein in its construction ambitions  The Kingdom of Saudi Ar...

Kazakhstan: a nation’s vision

17 October 2016, Published under Cement News

While the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels of public spending. However, the government has pinned its hopes on foreign investment to meet construction demand as well as expand the cement production base, which in turn will reduce expensive imports. While cement demand growth rates of the past are not expected going forward, Kazakhstan still has a co...

India prepares for the upturn

03 October 2016, Published under Cement News

After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following a good monsoon is positive. Share prices of all Indian cement majors are hitting an all-time high on the stock exchanges, including Mumbai (pictured) as demand for cement looks set to grow by 6-7 per cent in 2016 [Copyright: Big Rolo Images] Following strong growth in the Jan-Mar...