Cement News tagged under: Pricing
Pakistan cement prices rise by PKR5/bag05 December 2012, Published under Cement NewsCement prices in Pakistan have increased by PKR5/50kg bag to PKR440-445 (~US$4.6) in various areas of the country, the Pakistan Observer reports. The rise is being attributed to a recent hike in coal prices which have seen an increment of around 10 per cent over the last three weeks."Cement industry experts said that during FY12, cement prices have followed an upward trend and posted an increase of nine per cent. Moreover, the Lahore High Court has ordered the construction of much del... |
Pakistan: APCMA demands checks on smuggling of Iranian cement04 December 2012, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has requested the government take measures to stop the smuggling of Iranian cement into the country to safeguard the domestic cement industry. Iranian cement is reportedly is finding its way to Quetta and other parts of Balochistan (Pakistan's Western province which shares its borders with Iran) through informal channels. Cement is being sold below the average price of locally produced cement of PKR451.50/50kg bag (US$4.62). ... |
India sees weak November pricing environment03 December 2012, Published under Cement NewsIndian cement prices saw corrections in most regions in November, with the central, eastern and northern areas witnessing the steepest falls, the Economic Times of India reports. Cement prices traditionally pick-up following the monsoon season and October saw a slight improvement in prices nationwide with the same was expected in November. However, bleak demand in Kolkata led to a correction in prices of INR12 to INR350/bag (US$6.41) which was lower than the peak price of INR390/bag. Price... |
Cemex leads the charge on US pricing03 December 2012, Published under Cement NewsCemex is planning two incremental cement price increases in January and April 2013 in a bid to reverse the "chronic under-pricing of cement in the US", says Karl Watson, president Cemex USA. Speaking at a presentation in Mexico on Tuesday this week, Watson said that the price increases of US$8/t each are integral to the company's goal of achieving an EBITDA of over US$1bn by 2016. "Prices, in real terms, averaged US$154/t in the 1970s. The current industry price of, on average, US$90/t is... |
Gresik sees output rising 18% next year, Indonesia29 November 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik expects cement production to increase by 18 per cent next year, however, it has hinted that domestic sales growth could slow next year compared to the robust figures expected in 2012. The company’s president director Dwi Soetjipto said the company’s production growth could rise to 26Mt in 2013 from output of about 22Mt in 2012. In the first 10 months of 2012, the Gresik group sold 18.13Mt, an increase of 13.6 per cent compared to 15.... |
China cement prices see mid-November drop28 November 2012, Published under Cement NewsFollowing a three month rise, the average price of cement in China began to show a weekly drop in the 19-23 November period. According to a report by China Securities Journal citing data from the industry information provider Digital Cement, the average cement price in the week from 19-23 November declined 0.2 per cent from the previous week to CNY337.25/t (US$54). This was the first decline following 10 consecutive weeks of rises. The cement price in Anhui, Ningxia, Guangxi and Guangdong... |
Fitch Ratings: mixed picture for EMEA companies27 November 2012, Published under Cement NewsFitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ... |
Maple Leaf Cement Factory on course for higher FY13 profit27 November 2012, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. According to reports by Businessweek, earnings per share may rise to about PKR3 in the year ending June 2013, according to Waleed Tariq Saigol, a member of the company’s board of directors. EPS in the previous 12 months was PKR0.84. Maple Leaf plans to reduce its debt to PKR13bn (US$135m) in... |
Deutsche Bank sees modest China earnings recovery in 201309 November 2012, Published under Cement NewsDeutsche Bank has turned more positive on China's average selling pricing recovery in the next 12 months. For 2013, it expects a revival of property starts and captive supply to further support production halts and thus more stable prices. "While we are more cautious in the medium term due to structural overcapacity and declining cement intensity, we see modest earnings recovery in 2013." Deutsche Bank's top picks are China Resources Cement where it sees a healthy turnaround in suppl... |
Cementir's ready-mixed concrete volumes weaken08 November 2012, Published under Cement NewsCementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m. The net financial charge declined by 37.4 per cent to €13.9m to give a more ... |