Cement News tagged under: Pricing

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Bolivian economic downturn leads to pricing war

19 September 2018, Published under Cement News

The economic slowdown in Bolivia is driving cement companies into a pricing war, according to Esmerk Latin American News. The cost of a 50kg bag of cement has fallen to BOB46 (US$6.66) from BOB75 over the past five years as cement producers vie for market share. Currently, in Santa Cruz, Itacamba sells its cement at BOB44-45/bag while Fancesa’s product is priced at BOB45-46/bag. Itacamba has multiplied its supply by five after opening a new factory in Yacuses in 2017. Fancesa’s second p...

State Council confirms penalties issued by SIC to Cemex Colombia

20 June 2018, Published under Cement News

Colombia’s State Council has confirmed the COP923m (US$315,784) and COP138m penalties issued by the Superintendence of Industry and Commerce (SIC) to Cemex Colombia SA, according to El Universal. "The ruling reveals the emergence of indications about the existence of market share agreements and the allocation of production quotas between the companies Cemex Colombia SA, Holcim Colombia SA and Argos, which affected the behaviour of prices, the effect of supply and the handling of grey cemen...

Pakistan producers to increase prices

14 May 2018, Published under Cement News

Cement prices in Pakistan are set to increase by PKR15-20/50kg bag (US$0.13-0.17/50kg bag), after companies have reached a consensus on production according to a stipulated quota. High supply levels and increased production costs have negatively impacted profitability for cement companies, according to The Express Tribune. “A consensus has been reached among cement producers to increase prices,” said Anjali Rawlani, UBL Funds research analyst. “Companies have been producing as much as they ...

Kyrgyzstan produces 1.503Mt of cement in 2017

10 May 2018, Published under Cement News

Kyrgyzstan produced 1,503,400t of cement in 2017, according to data of the country’s National Statistics Committee.This represents a 16.6 per cent YoY rise. Cement production in 2016 reached 1,289,000t, a 13.9 per cent drop following an output of 1,496,400t in 2015. The top three companies contributing to the country’s treasury were CJSC South-Kyrgyz Cement (KGS420.9m/US$6.1m), JSC Kant Cement Plant (KGS62.4m) and LLC Southern Combine of Building Materials (KGS115.6m). Retail price...

Israel: closing the gap

14 March 2018, Published under Cement News

A stable economy and renewed commitment to infrastructure spending by the government bodes well for Israel’s cement producers, although rising cement imports are making for a more competitive environment that has challenged the status quo. In 2017 visitor numbers to Israel hit a record high of 3.6m, spurring further investment in the country. Source: Ron Barkin - Israeli Ministry of Tourism Israel’s GDP is estimated to have advanced by three per cent in 2017, according to the...

Uganda faces cement price hike

22 February 2018, Published under Cement News

Cement prices have risen in Uganda since the start of the year, with wholesale prices now between UGX29,000-30,500 (US$7.90-8.40)/bag. Tororo Cement has announced that prices increased to UGX29,500 from UGX28,500 recorded in the first week of January 2018, according to the Daily Monitor. " There is an increment of UGX1000. At wholesale level, the price is UGX29,500. It is due to the fuel price hiking and the dollar price currently at UGX3650," said Alok Kala, chief marketing manager, Toror...

Egypt's juggling act

14 November 2017, Published under Cement News

Despite the Egyptian government’s focus on infrastructure investment, the country’s cement producers have had a difficult year so far with energy prices rocketing, competition intensifying and a currency crisis playing havoc with prices. Many are investing in their energy mix as a way of protecting their market share and margins going forward.  In Cairo, old and new coexist while ambitious plans are afoot to build a US$25bn New Administrative Capital, 45km east of Cairo, by 2022....

Mexico City government agrees preferential price with CANACEM

08 November 2017, Published under Cement News

Miguel Angel Mancera, Mayor of Mexico City, has confirmed an agreement between the capital’s government and the national cement industry association, CANACEM, to access preferential prices in the acquisition of materials for reconstruction projects. He further explained that the special prices would also apply when the materials were used in earthquake reconstruction of buildings or infrastructure. CANACEM representative, Luis Guillermo Colin, said the industry would provide technical...

West China Cement sees improved operating environment

17 August 2017, Published under Cement News

West China Cement Ltd and its subsidiaries reported on an improving operating environment in the first half of 2017 with sales volumes in the Shaanxi province remaining stable while volumes in the Xinjiang and Guizhou provinces registering slight increases. Total group sales volumes of cement and clinker were 8.76Mt, up from the 8.39Mt recorded in 1H16. group’s capacity as at 30 June 2017 has reached 29.2Mt of cement. The group said it has maintained a strong market position in its s...

Saudi's subdued second quarter

11 August 2017, Published under Cement News

The Saudi Arabian cement industry is continuing to face headwinds with domestic producers reporting a tough second quarter amid the dual impact of lower cement demand and Ramadan season as well as weak price realisation. Welcome relief has come in the form of an increase in July sales and the potential effect of the government's decision to reduce cement export fees by half. Saudi cement producers reported subdued second quarter earnings as the industry has been affected by falling cement ...