Cement News tagged under: Pricing
Lusaka prices continue to rise, Zambia16 September 2013, Published under Cement NewsThe price of cement in the Zambian capital of Lusaka has continued to rise through the year, due to increased fuel and transportation costs. The average price across the city is now ZMW85 with traders citing increased costs of transportation compared to ZMW50 two years earlier. However, Lafarge Cement CEO Emmanuel Rigaux played down the increase saying they had no control over retail prices. "Our duty is to sell the commodity at the most productive efficient cost and not police at what... |
Credit Suisse upgrades TCC’s earnings outlook13 September 2013, Published under Cement NewsCredit Suisse has revised up its 2013 earnings by 48 per cent for Taiwan Cement Corp International (TCC) to reflect the upside risk in cement price and sales volume from Guangdong/Guangxi market (51 per cent of sales). Credit Suisse cited its sources suggesting that recent construction demand pick-up has been better in eastern/southern region versus potentially disappointing demand in other regions, likely driven by property and local government infrastructure construction. It expects t... |
China Shanshui Cement 1H hit by lower prices27 August 2013, Published under Cement NewsChina Shanshui Cement recorded a YoY drop in net profit attributable to shareholders in the first six month of 2013, as the group faced pricing pressures in key operating regions. Net profit attributable to equity shareholders for the six months ended 30 June 2013 dropped 52.2 per cent YoY to CNY348m. The basic and diluted earnings per share were CNY12 cents. Revenue was CNY7.07bn, a decrease of 4.2 per cent from a year earlier. Gross profit margin dropped to 22.7 per cent from 24.9 per ce... |
Pakistan cement producers consider price hike15 August 2013, Published under Cement NewsPakistan cement producers are considering increasing cement prices following government hikes in electricity prices and general sales tax. A source from the All Pakistan Cement Manufacturers Association told local press that domestic producers are considering a price increase of PKR35-40/50kg bag. The official said: “The price would be increased in order to pass on to consumers the impact of the hike in rates of electricity and GST. Earlier, the government had increased GST by one percent... |
Eastern China prices beat expectations14 August 2013, Published under Cement NewsCement prices in eastern China have increased during July, beating analysts expectations for some parts of the region. Prices continued rising and rebounds in Zhejiang, Fujian, Jiangxi and Guizhou were far beyond market expectation. Last week (5-9 August 2013), the average cement price in China increased 0.85 per cent from the previous week, according to data from the Digital Cement. Prices in Anhui, Jiangxi, Hubei and Guangdong increased CNY20-30/t. Cement prices in eastern China ar... |
India Cements reports fifth consecutive quarterly drop in net profit14 August 2013, Published under Cement NewsIndia Cement has reported its fifth consecutive quarterly drop due to forex losses and a lower pricing environment. Net profit for the first quarter of the current fiscal declined by 72 per cent to INR16.82 crore. N Srinivasan, vice chairman and managing director, India Cements Ltd said: “The exchange translation charges due to unprecedented rupee depreciation impacted to the tune of INR27 crore resulting in net profit before tax of INR26 crore.” The company also saw a drop in prices duri... |
Credit Suisse lifts target price for TCC International13 August 2013, Published under Cement NewsCredit Suisse lifted its target price for Taiwan Cement Co (TCC) International to HK$1.8 from HK$1.7 and upgraded the stock to "neutral" from "underperform". The research house said TCCI sees improving cement pricing in the second half of this year, but also expects administrative cost may revert as well. Management commented that Guangdong has increased prices by CNY40-50/t (US$6-8) since May which were partly offset by higher cost of trucking due to overload controls. The house also revi... |
Colombia’s cement price rose 8% in 1H1312 August 2013, Published under Cement NewsIn 1H213, cement prices in Colombia rose eight per cent, well above the country’s inflation rate of 1.73 per cent in the period, according to a report in El Tiempo. The price also compares unfavourably with other Latin American countries. Based on sales at retail stores, Colombian customers can pay up to US$250/t in a city away from any cement plant, while in Peru this price is US$158/t and in Argentina US$199/t. In Panama and Costa Rica, customers pay US$227 and US$240/t, respectively. H... |
China Resources Cement 1H13 profit rises12 August 2013, Published under Cement NewsChina Resources Cement (CRC) said yesterday that its net profit attributable to shareholders of the company increased 80.35 per cent YoY to HK$1.15bn (US$148.29m) in the first half of this year. Basic earnings per share were at 17.6 HK cents, and an interim dividend of 3.5 HK cents was declared. The firm's turnover rose 16.5 per cent YoY to HK$12.86bn in the first half. Gross profit jumped 29% YoY to HK$2.97bn in the period, and gross profit margin was about 23.1 per cent in the period, u... |
Zambia prices reach record level09 August 2013, Published under Cement NewsCement prices in Zambia's capital, Lusaka, have increased for the third time in a month to reach record levels. Prices are currently ZMW85,000 (US$15.60), the highest ever seen on the Zambian market. Since fuel prices were increased over a month ago, cement prices have risen three times and are showing no signs of abating. Distributors across the city of Lusaka have said that the increase is meant to help offset the higher price of transportation costs, an issue which is reported to ... |