Cement News tagged under: Pricing

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China Resources Cement issues profit warning

07 October 2015, Published under Cement News

China Resources Cement (CRC) has said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in China compared with the year before, as well as the depreciation of Renminbi against other currencies since the begin...

Thai 3Q consumption likely to be flat - report

07 October 2015, Published under Cement News

Cement consumption in Thailand is likely to be rather flat in 3Q15 and 9M15, according to a report by Bualuang Securities focussed on domestic cement major Siam Cement Co (SCC). Last week, the research house accompanied SCC's management and IR team to meet investors in Germany, Switzerland and France. The information gathered during the non-deal roadshow (NDR) gave Bualuang a clearer picture of SCC's long-term growth profile. Regarding SCC's Cement-Building Materials (CBM) business, Bual...

CREDAI files complaint with India regulator

06 October 2015, Published under Cement News

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has filed a complaint with the Competition Commission of India (CCI) against cement manufacturers for the alleged manipulation of cement prices. In its submission to the Commission, CREDAI has pointed out that the cost of raw materials used in manufacturing cement has fallen between January and September this year, yet customers are yet to feel the benefit. CREDAI believes that the cement firms are working in tande...

Sino Zimbabwe cuts prices to boost market share

05 October 2015, Published under Cement News

Sino Zimbabwe has reduced the price of its cement products by 20 per cent to increase market share, according to reports by the Financial Gazette’s Companies & Markets. General Manager, Wang Yong, said they had reduced the price of PC15 cement from US$10 to US$8/50kg bag, with the hope that the new strategy will boost sales going forward. Sino-Zimbabwe Cement Company is a joint venture between the Industrial Development Corporation of Zimbabwe Ltd (IDC) and China’s CBMC. It operates one ...

Chinese imports lower Costa Rica’s cement price by 20%

30 September 2015, Published under Cement News

Construction costs in Costa Rica are lower due to the import of Chinese cement, according to local news service La Republica. Chinese imports retail at around 20 per cent below cement produced locally by Cemex and Holcim. However, to date the imported cement has not received certification of compliance with domestic standards although initial samples have proved positive. Cement is imported from Sinocem via local company JCB. Sinocem exports nearly 2Mta to various destinations. Cement im...

Egypt prices decline on slower construction activity

28 September 2015, Published under Cement News

Egyptian prices have declined three times in the past two months as a result of increased supply and low demand in the market, local media have reported. A ton of cement now costs EGP550 (US$70), down from EGP700 (US$89) at the beginning of August, the construction materials division of Cairo Chamber of Commerce Ahmed al-Zeiny told Youm7 Sunday. Zeiny attributed the decline to the lack of construction activities this month due to holidays such as al-Adha feast. He also cited the dollar s...

Steppe Cement first-half loss narrows, Kazakhstan

11 September 2015, Published under Cement News

Steppe Cement Ltd Friday said its first-half loss before tax narrowed to US$2.29m from US$6.40m in the previous year. Loss after tax totaled US$2.2m, narrower than the US$4.1m loss in the prior year.  Consolidated turnover fell to US$44.7m from US$51.8m. Sales increased to 717,654t from 709,459t. The average ex-factory price decreased from 10 per cent to KZT10,797/t, due to competition from Russian companies helped by the Rouble exchange rate and the reaction of the main local factories...

Competition Market Authority consults on draft cement price announcement order

11 September 2015, Published under Cement News

The Competition Market Authority (CMA) has published a draft order which would prohibit cement suppliers in Great Britain from sending generic price announcement letters to their customers. In January 2014, the Competition Commission (CC) published its final market investigation report into aggregates, cement and ready-mix concrete which required Lafarge Tarmac to sell one of its cement plants and Hanson to sell one of its ground granulated blast furnace slag (GGBS) plants to enhance compet...

Indian prices rising in the north, down in the south - report

10 September 2015, Published under Cement News

JM Financial says in the past few weeks India cement prices have risen by INR50/bag in the north while they fell by INR20/bag in the south. Across India though cement prices have increased just 1.1 per cent YoY during April-July. If the divergence continues, north India-based cement makers may see a sharp rebound in profitability after four to five quarters of disappointing earnings, whereas south India-based firms may see some decline in the near-term from decent profits, the broker says....

China: Huaxin first-half profit plunges 82%

24 August 2015, Published under Cement News

Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos...