Cement News tagged under: Pricing

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Honduran authorities to monitor cement prices

17 March 2014, Published under Cement News

The Secretariat of Economic Development in Honduras announced it will be monitoring cement prices to protect consumers in San Pedro Sula, northern Honduras. Miguel Angel Bonilla of the Consumer Protection Directorate said that apart from monitoring costs of basic products, the performance of the construction industry would also be reviewed. "We have turned the relevant instructions for our team to monitor cement prices, in order to prevent providers from acting to the detriment of con...

Energy shortage behind Egypt cement price spike

11 March 2014, Published under Cement News

Energy shortages are behind the recent spike in Egyptian cement prices as reduced gas supplies lowers output, a statement by Egypt’s cabinet has said. Daily News Egypt reported that interim Prime Minister Ibrahim Mehleb, who heads the cabinet, met with Minister of Foreign Trade, Industry and Investment Mounir Fakhry Abdel Nour, Minister of Energy and Electricity Mohamed Shaker, Minister of Petroleum Sherif Ismail and Minister of Environmental Affairs Leila Iskander on Sunday. Medhat Stepha...

Argos increases cement price in Honduras

07 March 2014, Published under Cement News

Argos Honduras will increase the price of its cement as of Tuesday, 11 March after it received government authorisation to raise prices by HNL8/bag. A 42.5kg bag of Piedra Azul cement will cost HNL168. The company had sought a price hike of eight per cent or HNL11. "We have been meeting with executives from Argos, after more than a month and a half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to reque...

Philippine producers scale back prices

06 March 2014, Published under Cement News

Philippine cement producer have reduced cement prices by an average of PHP3/40kg bag after the an industry-wide planned increase could not be supported due to stiff competition, and following the issue of a show cause order from the Department of Trade and Industry (DTI) for unwarranted price hikes. DTI Undersecretary Victorio Mario A Dimagiba told reporters the price reduction was implemented last week and cement prices are now under ‘special monitoring’. Dimagiba said that a number ...

Honduras cement prices up for discussion

06 March 2014, Published under Cement News

The Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss changes to the price of cement. At present the price of a bag of cement is frozen at HNL160 (US$8.21). A decision is expected by 10 February as the following day the resolution holding the price at HNL160 expires. "We will have another meeting with the cement companies and probably next Monday we will be issuing a fina...

India sees rise in average nationwide price

04 March 2014, Published under Cement News

Cement prices in India increased throughout the country with the exception of the south due to high inventories in the region. On the other hand, prices in the north saw the highest increases due to supply constraints. A report by Money Control (India) stated that the national price was INR304/bag in February compared to INR294/bag the month before. The February increment is the second consecutive monthly increase. Overall, cement prices in the country increased by INR10/bag. Prices i...

Lafarge Malaysia holds off on price hike

27 February 2014, Published under Cement News

Lafarge Malaysia Cement has no immediate plans to increase cement prices, despite a hike in electricity tariffs this year its president and CEO, Bradley Mulroney, said. The company last increased prices in August 2012 when it implemented a MYR20/t increment. “I wouldn’t say it is an urgent need to increase price. But when the input cost is going up, of course we have to review on a monthly basis,” Mulroney said. “We will work on maintaining energy efficiency in our operation...

Lucky Cement 1HFY14 net profit rises 20%

27 February 2014, Published under Cement News

Pakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c...

Fujairah Cement profit hit by weaker prices

24 February 2014, Published under Cement News

UAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales. In a filing posted on the Abu Dhabi Securities Exchange yesterday, the company said revenues were AED588m last year, compared to revenues of AED569m and a gross profit of AED35m the year before. “The market has not increased in our favour,” said Murthy Veasi, the company’s finance manager. “Prices have come down by nearly AED10 [per tonne] ...

Pakistan prices sees further increases

24 February 2014, Published under Cement News

Cement producers in Pakistan have increased prices by PKR15/bag in anticipation of improved construction activity before the monsoon season begins. Cement dealers said that the new retail price of Falcon Cement’s brand hovers between PKR530-535 while that of Lucky Cement is PKR520/50kg after the new hike.