Cement News tagged under: Pricing
BUA's Sokoto Line 5 begins production20 December 2023, Published under Cement NewsProduction has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of 2024, reports The Capital. The new line at Sokoto takes BUA’s total cement production capacity c... |
Asian producers warned over carbon price liability05 December 2023, Published under Cement NewsAsian cement companies will see consistent negative margins in the next decade if they do not decarbonise, according to a report by the Imperial College Business School. The report, published in partnership with the Singapore Green Finance Centre, explored the financial impact of decarbonisation on Asia’s cement and steel companies covered by selected Asian Emission Trading Schemes. Researchers Dr Anastasiya Ostrovnaya, Antigoni Theocharidou, Julian Smart, Jan Ahrens and Dr Bob Buhr c... |
Fears raised over cement price hike in Nigeria26 September 2023, Published under Cement NewsThe Cement Producers Association of Nigeria has praised the Nigerian government’s commitment to introduce concrete roads but warned that supply issues could push cement prices to NGN9000/bag (US$11.54/bag). According to Punch, cement in Nigeria currently sells at around NGN5000/bag, but a lack of supply could force prices much higher. Instead, the association has urged the government to place more attention to road design to encourage the use of both cement and asphalt pavement. “While we c... |
Taiwan Cement fined for price fixing22 February 2023, Published under Cement NewsTaiwan Cement Corp (TCC) is one of 18 firms fined a combined TWD213m (US$7m) for forming a ready-mixed concrete (RMC) price-fixing cartel, accord to Taipei Times. Since 2018 the companies have regularly met in person and messaged via apps to control the supply of RMC and drive up prices, reports the Fair Trade Commission. TCC faces an individual fine of TWD50m but has said that it will appeal against the ruling. “TCC’s ready-mix concrete quality and price have been considered to be the ... |
What a year that was...03 January 2023, Published under Cement NewsGlobal cement consumption declined by more than five per cent in 2022 – a level not seen since the 1970s. As a new year starts, BNP Paribas Exane provides a first look at what can be expected in the global cement sector in 2023. While some challenges remain, it appears that some headwinds are at least subsiding. By Paul Roger, BNP Paribas Exane. Figure 1: EBITDA scenario, 2022E Last year was quite a rollercoaster. Global cement consumption fell by 230Mt or over five per cent – d... |
Improving outlook for Indian producer profitability29 June 2021, Published under Cement NewsRecent price hikes undertaken by cement manufacturers in India are expected to aid margin growth in the FY22, according to projections by brokerage house CLSA. Local producers have implemented consecutive price increases in March, April and May, and CLSA believes the sector's profitability outlook has improved, stated a report by Indian business news publication Mint. CLSA expects industry EBITDA/t to increase by three per cent YoY in the FY22. However, CLSA cautions that some of the discr... |
Fiji issues cement price control order29 June 2021, Published under Cement NewsThe Fijian Competition and Consumer Commission has issued a price control order for cement following a legal notice on 18 June by the Minister for Commerce and Trade, Faiyaz Koya, according to The Fiji Times. "This order may be cited as the Fijian Competition and Consumer Commission (Control of Prices for the Supply of Cement Products) Order 2021," states the legal notice. "This order comes into force on 22 June 2021. "For the purpose of Section 39 of the Fijian Competition and Consumer C... |
Lafarge Africa looks to scale-up Nigeria's road infrastructure14 October 2020, Published under Cement NewsLafargeHolcim Africa hosted a webinar on approaches to rapidly upscaling Nigeria's Economic Infrastructure, yesterday. Nigeria’s Honourable Minister of Works & Housing Guest of honour, Babatunde Fashola, led the discussions emphasising that the government is committed to renew, review and increase Nigeria’s infrastructure. Babatunde Fashola argued that Nigeria stopped investing in infrastructure in the 1970s and that it must get back to investing something similar today by investing a s... |
Manaus cement plants face watchdog warning03 September 2020, Published under Cement NewsTwo cement plants in Manaus, Brazil, have received warnings from Procon, the consumer watchdog in the state of Amazonas. The organisation has requested clarification regarding prices charged since March 2020. Both plants have been given five days to present a defence and receipts to Procon, according to Esmerk Latin American News. The warnings follow the publication of studies that the price of cement in Manaus is higher than in seven other state capitals at BRL45 (US$11.73)/bag, compared... |
Cement prices in Punjab rise after trade suspension03 September 2019, Published under Cement NewsAfter the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo... |