Cement News tagged under: Pricing
Iran cement prices increased by 22%28 September 2012, Published under Cement NewsIran’s ministry of Industry, Mine and Trade announced on 23 September that it is to increase the price of cement by 22 per cent. This is the third price hike in seven years and the decision to increase prices this time is mainly due to increased raw material costs which have led to declining profit margins. Moslem Dorrieh, the secretary of the Cement Industry Contractors Union, informed all Iranian cement factories that the ex-works price of bulk cement is as follows: • Type I-323: from I... |
Texas Industries reduces quarterly net loss, USA28 September 2012, Published under Cement NewsTexas Industries, Inc reported a net loss of US$2.7m for the quarter ended 31 August 2012, against a loss of US$7.4m in the same period of last year as shipments and pricing improve. "Though not back to pre-recession levels, our results reflect improvement in our markets," stated Mel Brekhus, Chief Executive Officer. "Shipments are up, pricing is improving and we are seeing the benefits of our margin enhancement initiatives." "I am looking forward to beginning the commissioning of our ne... |
Chinese prices climbs for third time in September28 September 2012, Published under Cement NewsCement price in the south China has just climbed for the third time in September, according to local press reports. Traditionally, the fourth quarter is the peak season for south China cement industry with quarterly demand accounting for more than one third of full-year demand. It has been reported that the clinker inventories of leading cement firms in south China like Anhui Conch, and TCC Int’l Holding have already dropped below 55 per cent. |
Indian cement prices slip due to delayed monsoons26 September 2012, Published under Cement NewsLow cement demand in India has put a downward pressure on cement prices across the country, correcting them by around INR7-10 (US$0.13-/0.19)/bag since Monday. Construction activities have not picked up yet due to delayed monsoons but the industry is hopeful of Maa Durga’s blessings as it expects the festival will lead to an improved sentiment amongst consumers and hence, better sales. An official from Ambuja Cement said, “During monsoon prices get corrected but as demand starts picking u... |
Attock Cement full year profit rises, Pakistan19 September 2012, Published under Cement NewsAttock Cement Pakistan reported profit after tax to PKR1.44bn for the year ended 30 June 2012 compared to PKR684m in the previous year, thanks to higher prices. Net sales rose to PKR10.63bn in FY12 against PKR8.55bn in FY11 while cost of sales rose to PKR7.691bn against PKR6.8bn a year earlier. Pretax profit for FY12 rose to PKR2.03bn compared to PKR1.03bn a year earlier. |
Inchini Cement seeks export permit, Ethiopia19 September 2012, Published under Cement NewsEthiopia-based producer Inchini Bedrock Cement factory is seeking approval to export cement volumes to neighbouring countries as domestic demand has declined, forcing the factory to operate at 52 per cent capacity utilisation. The Addis Fortune reported that the company is seeking an export permit and is in negotiations with three regional customers, citing Inchini’s operations manager, Daniel Ganyi. According to the report, the management at the local cement factory have concerns on the ... |
Indian producers signal possible price hike17 September 2012, Published under Cement NewsIndian cement producers have indicated that prices may have to be hiked to absorb increased freight charges as diesel prices are hiked. Speaking to the Hindu, JK Lakshmi Cement Whole-time Director Shailendra Chouksey said: “The increased freight is not only going to impact the distribution of finished goods but also on a total of 3Mt freight. I don’t think the industry is now in a position to absorb this.” Following the INR5.62 a litre hike in the price of diesel last evening, apex tr... |
Morgan Stanley sees China recovery from 4Q1217 September 2012, Published under Cement NewsMorgan Stanley (MS) believes that the China cement industry showed some early signs for recovery, noting that prices have stopped declining on rising property construction following accelerating land sales. In addition, land sale revenue can help governments on construction capital. Therefore, MS believes that cement demand has turned steady, and a recovery can be expected in 4Q12 - 2013. The Bank added that with the slump in earnings, the cement manufacturers reduced capital expenditu... |
Global market outlook17 September 2012, Published under Cement NewsAnalysts at Jefferies International have recently provided an update on their expectations for global cement markets. While prospects for the US are improving, emerging markets are beginning to face uncertainties and the outlook for Europe is weaker than it previously anticipated. US markets have performed stronger than expected in 2012, having risen 15 per cent in the first half to 37Mt. While growth slowed in June and the rate is expected to ease to around three per cent for the remaind... |
Competition tribunal serves notice to CCI13 September 2012, Published under Cement NewsThe Competition Appellate Tribunal ( COMPAT) has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine issued on 11 cement producers for price fixing. Hearing an appeal by cement companies including UltraTech and ACC, the tribunal also asked the CCI not to take any coercive action in the matter until 11 October when the COMPAT would next hear the case. In their petitions, the cement firms have requeste... |