Cement News tagged under: Pricing
Steppe Cement 1H turnover boosted by higher prices10 July 2013, Published under Cement NewsIn the first half of the year, Kazakhstan-based cement producer Steppe Cement reported an eight per cent decline in volumes YoY but turnover rose by six per cent thanks to higher prices. During the January-June 2013 period, the company sold 564,440t of cement compared with 615,838t in the first half of 2012. Overall sales in Kazakhstan rose by 11 per cent during the period an the share of imports rose marginally from 14 to 15 per cent. Steppe Cement saw its market share drop from 19 p... |
Indian producers forced to make 10% provision of CCI fine10 July 2013, Published under Cement NewsThe 11 cement companies fined by the Competition Commission of India (CCI) last year will be forced pay 10 per cent of the total amount levied in the June quarter of this year. The Supreme Court has instructed the companies in question to abide by the Competition Appellate Tribunal’s directive to pay 10 per cent of the INR60bn (US$1.1bn) record high fine issued for cartel practices back in June 2012. The top four cement companies — ACC, Ambuja Cements, UltraTech Cement and Jaiprakas... |
Caribbean Cement to increase prices, Jamaica04 July 2013, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) is set to increase cement prices for the third time in 2013, this time due to the depreciation of the Jamaican dollar against the US dollar. In a notice to the Jamaica Stock Exchange, CCCL said that as of 8 July 2013, the price of a bag of Carib Cement OPC will be increased to JMD945.48 (US$9.38), while a bag of Carib Cement Plus will sell for JMD914.53. The new prices represent an average rise of one per cent. CCCL said the price changes are necessar... |
UltraTech to take tribunal plea to Supreme Court on Monday07 June 2013, Published under Cement NewsIndia’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement companies charged with cartel practices to pay 10 per cent of the penalty imposed by the Competition Commission of India (CCI) last year. Following an appeal from several cement companies against the CCI’s record fine of INR6.3bn issued in June 2012, the tribunal ordered the cement producers to pay the 10 per cent withi... |
HeidelbergCement India increases prices07 June 2013, Published under Cement NewsHeidelbergCement India Ltd (HCL) has increased cement prices by INR2-3 per 50kg bag, its chief executive officer and managing director, Ashish Guha told local media. Mr Guha said during an interview with CNBC-TV18 that prices have been hiked despite subdued demand over the past two months and margins have suffered. During the April-May period consumption only rose by 4-5 per cent instead of the 10 per cent growth expected ahead of the monsoon season. However, consequently Mr Guha does not... |
Indian producers eye price increase06 June 2013, Published under Cement NewsWith Indian consumption showing some signs of improvement local producers are looking to raise prices ahead of the impending monsoon season. According to sources cited by DNA India, prices are expected to rise by at least INR10/bag to possibly INR15/bag. Monsoon rains are due in June and traditionally supress construction activity until September/October and therefore cement companies generally increase prices before monsoon sets in. At the start of 2013, the average price of a 50kg ce... |
RAM reaffirms Lafarge Malaysia’s debt facility, stable outlook03 June 2013, Published under Cement NewsRAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malaysia Bhd’s MYR350m Islamic Securities Programme (2010-17) at AA2 and P1. The long-term rating has a stable outlook. The reaffirmation of the ratings is based on the cement producer’s strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has the largest installed capacity in the industry. The strategic location of its Langkawi plant coupled with ... |
Pakistan 10MFY13 export volumes decline30 May 2013, Published under Cement NewsDuring the first 10 months (July 2012-April 2013) Pakistan exported 6.943Mt on revenues of US$469.02m, compared to 7.016Mt at US$390.42m in the corresponding period of last year. This translates into a 1.03 per cent decline in terms of quantity but a 20.13 per cent rise in dollar value, according to data released by Pakistan’s Federal Bureau of Statistics. In Pakistan rupee terms, the value of exports rose by 30.64 per cent to PKR45.173bn during July-April and the average export price ro... |
Cement producers explain price hikes, Philippines27 May 2013, Published under Cement NewsThree of the largest cement producers in the Philippines have begun submitting documents to the Department of Trade and Industry (DTI) to explain recent rises in cement prices. Trade Undersecrertary Zenaida C. Maglaya told reporters that Holcim Philippines, Lafarge Republic and Cemex Philippines have started submitting documents to support the adjustment in prices which have risen above the Suggested Retail Price (SRP) of PHP205-210/bag. Holcim reportedly raised its price to PHP216/bag... |
Catalonian producers cut exports, Spain24 May 2013, Published under Cement NewsCement producers in Spain's autonomous region of Catalonia reduced their exports by 41 per cent between January and April, compared to the same period in 2012. The drop was explained by a five per cent cut in the price per tonne, which made the sales abroad less profitable. (Abstracted from an original article in Expansion) |