Cement News tagged under: Pricing
Philippine producers scale back prices06 March 2014, Published under Cement NewsPhilippine 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 discussion06 March 2014, Published under Cement NewsThe 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 price04 March 2014, Published under Cement NewsCement 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 hike27 February 2014, Published under Cement NewsLafarge 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 NewsPakistan 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 prices24 February 2014, Published under Cement NewsUAE-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 increases24 February 2014, Published under Cement NewsCement 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. |
Honduras government freezes cement price for further 30 days11 February 2014, Published under Cement NewsFollowing an agreement with local cement companies, the Honduran government resolved to continue freezing cement prices at HNL160 (US$8.07)/bag. On 11 January, the country’s executive power decided to maintain cement prices for a month, due to the strong hikes applied by cement companies and DIY shops. “We are going to extend the price of cement at HNL160 for a further month and during this period of 30 days we will have a dialogue with Argos, to work out its price structure,” said Al... |
DTI steps up monitoring of reported price hikes10 February 2014, Published under Cement NewsThe Philippines' Department of Industry is stepping up its monitoring of cement prices following recent reports of price hikes. "Our monitoring teams in all provinces and regions have been notified to conduct daily monitoring activities over the next two weeks on prices of cement bags," Victorio Mario Dimagiba, officer-in-charge of the DTI Consumer Protection Group told local press. The DTI will issue show-cause orders to retailers, manufacturers, importers and distributors found to hav... |
China prices seen rising over 2014-1506 February 2014, Published under Cement NewsCement prices in China are expected to increase by 10 and five per cent in 2014 and 2015, respectively, according to research report by HSBC. As a result, higher prices as well as lower coal costs may offset rising costs from environmental protection monitoring, the bank expects. It expects gross profit in 2015 for cement companies to rise by 59 per cent compared to 2012. Over the next two years, the bank predicts the compound earnings growth of the cement sector would reach 35 per cent. C... |