Cement News tagged under: Pricing

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Positive outlook for Pakistan producers

03 June 2014, Published under Cement News

The government of Pakistan said yesterday it expects the domestic cement industry to prosper during fiscal FY14-15, led by improvements in local pricing and demand. According to the Pakistan Economic Survey 2012-13 released yesterday, due to improving cement prices this year, the outlook for most cement players is positive for the next fiscal which begins in July 2014. Local cement dispatches are also expected to increase due to improvements in Public Sector Development government expe...

Tunisian prices to rise following government subsidy cut

23 May 2014, Published under Cement News

The price of cement in Tunisia is to rise following the announcement by Kamel Bennaceur, Minister of Energy and Mines, that the government will remove the subsidy on cement. Prices are set to increase by TND7.5-8 (US$4.6-4.9) local news sources have reported.

Crossing the Andes

20 May 2014, Published under Cement News

Colombia’s cement producers are poised to benefit from the government’s ongoing investment in housing and road networks. The country’s geography and favourable demographics also hold the promise of further development and to meet these demand requirements leading domestic producers have been increasing capacity with further projects potentially in the pipeline. By Jairo Julián Agudelo Restrepo & Martin Posada, Grupo Bancolombia, Colombia. Colombia’s Andean topography remains a challen...

Italian price probe

15 May 2014, Published under Cement News

Italy's antitrust authority has launched an investigation into eight Italian producers and vendors to determine if they have colluded to restrict competition in the Veneto region. SeeNews Italy reported that the watchdog on 13 May notified companies General Beton Triveneta, SuperBeton, Intermodale, Calcestruzzi Mosole, Jesolo Calcestruzzi, Ilsa Pacifici Remo, Calcestruzzi Dolomiti and F.lli Romor that they are being probed over possible efforts to coordinate offers, redistribute suppliers, ...

China prices expected to rise, exceed market expectations

14 May 2014, Published under Cement News

Cement prices in China are likely to continue rising in the second half this year and go beyond market expectations along, according to industry sources. Cement prices in China slightly dropped 0.17 per cent after May Day holiday, but Digital Cement expects the demand for cement would grow significantly in the second half of this year with the rising investment in railways and the speeding up of social housing construction. Although cement prices in Jiangxi and Zhejiang recently fell by...

Egypt production disrupted by gas shortages

02 May 2014, Published under Cement News

Securing sufficient fuel to operate production facilities has become one of the key challenges for Egyptian cement manufacturers with output rates dropping and input costs rising, leading to cement prices rising. Latest industry reports state that production has come to a halt at 10 cement plants following EGAS's decision to temporarily cut off the gas supply. The plants reportedly account for approximately 70 per cent of Egypt’s cement output. An official from the Federation of Egyptia...

Steppe Cement profit rises as Kazakh market grows 13%

02 May 2014, Published under Cement News

Kazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during the period, up from 1.3Mt a year earlier, while selling prices increased five per cent in US dollar...

Asia Cement (China) earnings surge

30 April 2014, Published under Cement News

Asia Cement (China) said its profit attributable to owners for the first three months of 2014 was 13.73 times higher YoY at CNY127.7m (US$20.4m). Revenue rose to CNY1.6bn, an increase of 20.6 per cent from a year earlier. The leap in the group’s earnings for the period was mainly attributable to an increase in average selling prices and a decrease in cost of coal over the same period last year, the company said in a statement. During the period the group sold 5.29Mt of cement and clinker,...

Vicat improves cement shipments by more than 12%

29 April 2014, Published under Cement News

Vicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to €325m, as cement shipments rose by 12.2 per cent to 4.60Mt. The turnover in concrete and aggregates was 9.8 per cent higher at €199m as aggregates shipments rose by 9.0 per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent i...

Price increase for Karachi market, Pakistan

28 April 2014, Published under Cement News

Pakistan cement producers have increased the price of cement by PKR5/bag to PKR220-235/bag in Karachi, according to local retailers. “The latest increase is made after a gap of six to eight weeks,” vendor Muhammad Sohail told News International (Pakistan), adding that the previous increase of PKR5 per bag was made sometime in March.   Commenting on the increase, an analyst said that the surge in development work in the country has provided room to the manufacturers to raise the price of th...