Cement News tagged under: Pricing

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Competition Market Authority consults on draft cement price announcement order

11 September 2015, Published under Cement News

The Competition Market Authority (CMA) has published a draft order which would prohibit cement suppliers in Great Britain from sending generic price announcement letters to their customers. In January 2014, the Competition Commission (CC) published its final market investigation report into aggregates, cement and ready-mix concrete which required Lafarge Tarmac to sell one of its cement plants and Hanson to sell one of its ground granulated blast furnace slag (GGBS) plants to enhance compet...

Indian prices rising in the north, down in the south - report

10 September 2015, Published under Cement News

JM Financial says in the past few weeks India cement prices have risen by INR50/bag in the north while they fell by INR20/bag in the south. Across India though cement prices have increased just 1.1 per cent YoY during April-July. If the divergence continues, north India-based cement makers may see a sharp rebound in profitability after four to five quarters of disappointing earnings, whereas south India-based firms may see some decline in the near-term from decent profits, the broker says....

China: Huaxin first-half profit plunges 82%

24 August 2015, Published under Cement News

Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos...

GCC sees higher volumes and bettter pricing

19 August 2015, Published under Cement News

Grupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio...

Shanshui Cement issues first-half profit warning, China

17 August 2015, Published under Cement News

Shanshui Cement on Friday said it expects to record a loss in net profit for the six months ended 30 June 2015 compared to the net profit of the same corresponding period in 2014, adding that the loss is expected to be "relatively significant." Management attributes the loss to two main factors. Firstly, the group has seen sluggish cement demand in the regions where it operates, particularly in the northeastern and Shanxi regions. Secondly, severe overcapacity led to a "substantial" decr...

China: Guangdong Tapai Group 1H affected by pricing pressures

12 August 2015, Published under Cement News

Guangdong Tapai Group saw net profit fall to CNY186m (US$29m) for the first half of 2015, down 47.81 per cent from the same period a year ago. Operating revenue fell was down 7.89 per cent to CNY1.84bn. Competition in east Guangdong and Pearl River Delta became fiercer causing cement prices to continue falling. The average selling price fell 19.52 per cent.

Zambian prices expected to come down

11 August 2015, Published under Cement News

Cement prices in Zambia are expected to drop further with new capacity investments being lined up, according to the country's Commerce, Trade and Industry Permanent Secretary, Siazongo Siakalenge. Mr Siakalenge said two Chinese investors, namely, Jidong Development Group and Sino Construction Limited, had expressed interest in setting up two cement plants in Lusaka and Ndola, respectively. "Government signed a Memorandum of Understanding (MoU) with the two companies in China in April thi...

South Korea: local producers to face price probe?

24 July 2015, Published under Cement News

South Korea's Fair Trade Commission (FTC) has initiated another investigation into whether domestic cement producers colluded to raise cement prices. According to industry sources and the FTC Friday, the antitrust watchdog conducted an onsite probe into major cement makers including Tongyang Cement & Energy and Hanil Cement in mid-July, the Maeil Business Newspaper reports.. Upon the request from the ready-mixed concrete industry, the regulator kicked off investigation into cement makers' a...

Egypt: Suez Cement 2Q net profit drops 57%

22 July 2015, Published under Cement News

Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month period declined by 15 per cent due to lower prices and exports. Suez Cement said it was diversifying its energy sources to mitigate the impact of shortages which "affected negatively the company's profits".

Kazakhstan: Steppe's 1H volumes edge ahead, revenue falls

14 July 2015, Published under Cement News

In the first half of 2015, Steppe Cement Ltd sold 717,654t of cement for KZT8277m (US$44.3m), which compares with 709,459t of cement for KZT9125m in the first half of 2014. This represents an increase of one per cent and a decrease of nine per cent, respectively over the same period in 2014. The company said in a statement that the average price for the current period for delivered cement was KZT11,533/t excluding VAT (EUR56), compared with KZT12,862/t (EUR62) in the corresponding period o...