Cement News tagged under: Pricing

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Kathmandu prices rise on higher production costs, Nepal

05 August 2014, Published under Cement News

Prices of most building materials including cement have increased in the Kathmandu valley since last year, according to local traders. Binod Keshari Upadhyaya, president of the Federation of Construction Materials Association told local press that construction materials have been rising due to costlier raw materials and various government policies. Higher transportation costs and wages have also pushed up prices of clinker. Cement prices have reportedly risen 8-10 per cent this year, ac...

Israel: antitrust moves to increase competition

29 July 2014, Published under Cement News

Israel’s antitrust authority is taking steps to introduce competition in the domestic cement market by calling on the country’s dominant producer to make a plant disposal or adjust discounts to its largest customers. Antitrust Commissioner David Gilo has outlined plans to force Nesher to sell its Har Tov plant which produces about 1Mta of cement and accounts for about 30 per cent of domestic sales. Should Nesher fail to sell the cement works, the company would have to drop the discounts it...

Egypt cement volumes hold firm

28 July 2014, Published under Cement News

Egypt’s cement volumes demonstrated resilience over the Jan-May 2014 period with the pricing environment also positive. During the first five months of the year, volumes totalled 21.7Mt – an increase of 1.8 per cent compared to the same period of 2013 which was impacted by interruptions in energy supplies and exceptional political events, writes CM-CIC Securities. Lafarge posted a particularly strong performance, with volumes up by 18.9 per cent (2.5Mt) in the Jan-May period, and by 19...

Producers agree to lower Himachal Pradesh prices, India

03 July 2014, Published under Cement News

Cement producers operating in Himachal Pradesh (HP) have agreed to reduce the price of cement in the northern Indian state to bring it more in line with prices in neighbouring states, an official has said. "Ambuja, ACC and Jaypee have agreed in principle to reduce the price with immediate effect," a government spokesperson told local press. The move comes as chief minister of Himachal Pradesh, Virbhadra Singh, toughens his stand on cement being sold in Himachal Pradesh at rates higher t...

Trinidad Cement Ltd increases prices

02 July 2014, Published under Cement News

Trinidad Cement Ltd (TCL) has increased its prices as of 1 July 2014 to help counter increases in production costs. The company stated: “TCL Premium Plus, which accounts for 95 per cent of local market share, will be adjusted by nine per cent, which is equal to a five cent increase per pound from US$.53 to $.58 VAT inclusive. Ordinary Portland Cement (OPC), which is used by approximately five per cent  of the market, will move by 15 per cent.” TCL added: “These price movements have resul...

China Resources sales exceed guidance

27 June 2014, Published under Cement News

China Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased as compared with the corresponding period in 2013," the company says.  "The strong cement price in off season (2Q14) is suggesting better and demand balance in southern China," says Guotai Junan Securities. "We believe cement price might pick up in 4Q14 and recent sell-off makes CR Cement more attractive."

RAM Ratings reaffirms Lafarge Malaysia rating

27 June 2014, Published under Cement News

RAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ...

Cemex hikes prices by 7% in Mexico

11 June 2014, Published under Cement News

Cemex is to increase the price of grey cement in Mexico by seven per cent, its second increase of 2014. The company hiked prices in its domestic market during the first quarter of this year. Together with the new increment, prices have risen by 14.5 per cent on a cumulative basis so far in 2014. The increases have been made in a bid to bring prices back up to where they were in 2012 before the market's depression, as well as to compensate the rising cost of input materials such petcoke...

Ghana: prices stablise in Northern Region

06 June 2014, Published under Cement News

Cement prices in the Northern Regional capital of Tamale, Ghana, have now stabilised, according to local press reports. Until recently, a bag of cement was being sold at between GHS28 (US$9) and GHS30 (US$10) in the Tamale Township. However, prices have now evened-out across the board, with a bag of cement now selling at GHS28. A shortage of supply of cement products, which has slowed down infrastructural development at all levels in the Tamale Metropolis, is being attributed to import...

Cement price rise 2.5% in Morocco

04 June 2014, Published under Cement News

The price of a bag of cement in Morocco will rise between 2-2.5 per cent to MAD1400/t (US$170), mainly on the back of higher fuel prices. In addition, cement stocks have decreased by 3.37 per cent between January-May 2014.