Cement News tagged under: Pricing

RSS feed

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 ...

Shanshui Cement expects first-half loss to narrow

09 August 2017, Published under Cement News

China-based Shanshui Cement expects that the group will continue to record a net loss for the six months ended 30 June 2017. However, the loss is expected to narrow compared with the corresponding period of 2016 mainly due to the increase in average selling prices. In addition, the Jinan government is assisting the company to restructure the board of directors and senior management of Shandong Shanshui and to resolve the illegal occupation of the properties of Shandong Shanshui by its form...

Italian producers to appeal watchdog decision

08 August 2017, Published under Cement News

Buzzi Unicem, Italcementi and Cementir have been fined by the Italian Competition Authority following a probe launched in November 2015 into the existence of alleged anti-competitive practices in the domestic market. The authority's decision states that Buzzi Unicem participated in an agreement concerning the alleged co-ordination of manufacturers regarding simultaneous price increases as well as an exchange of information within the industry association AITEC and, in general, the adopti...

EAPCC announces 10% price cut

20 July 2017, Published under Cement News

East African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director...

Steppe Cement price focus helps lift 1H turnover

19 July 2017, Published under Cement News

Steppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer focussed on pricing. In a market update for the first half of the year published on Monday, the company said sales volumes fell to 650,333t from 761,777t a year earlier. Meanwhile, turnover reached KZT8553m (US$26.2m) versus KZT8190m in 1H16. The average price for delivered cement in the 1H17 increased to KZT13,15...

Mexico's construction chamber considers imports

06 July 2017, Published under Cement News

Following the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports. He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buyers. However, to minimise the effect of such price rises, increased supply through imports would cre...

UltraTech reduces prices

05 July 2017, Published under Cement News

UltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press report. The company has started the supply of batches from its warehouses on new rates effective 1 July , when the new tax structure came into force. Cement has been taxed at 28 per cent under the GST as compared to 30-31 per cent in the previous taxation system. The reduction in prices would vary from state to st...