Cement News tagged under: Production costs

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Afghan coal price surge impacts northern Pakistan cement production costs

08 January 2024, Published under Cement News

A spike in Afghan coal prices has affected the cost of cement production in northern Pakistan. JS Research reports that the northern-based cement companies, which operate 20 of the 26 production lines in Pakistan, are facing the challenge of high production costs due to a recent rise in imported coal prices. The cost trade-off between Afghan and international coal remains dynamic, leading to difficulties for the industry. The northern region players face costs of around PKR53,000/t  (US$188....

Soyuzcement warns of rising cement costs in 2024

15 November 2023, Published under Cement News

Russia’s union of cement producers, Soyuzcement, has written to the country’s government warning of a 17-30 per cent YoY rise in cement costs in 2024 on the back of higher logistics and energy costs, higher interest rates, and rising salaries. According to the union, these increasing costs come on top of the 23-30 per cent hike in production costs already seen in 2023, reports bne IntelliNews. RosStat data supports Soyuzcement’s claims, stating that the average cost of purchasing cement in ...

Cautious growth forecast for Indonesia

22 July 2022, Published under Cement News

In the first three months of 2022, Indonesia's cement market expanded by 4.8 per cent to 15.594Mt when compared with the equivalent period in 2021, when demand stood at 14.873Mt. In January Indonesian cement producers supplied 5.4Mt of product to the domestic market, up 10.1 per cent YoY. However, this robust growth faded as the quarter progressed with the market absorbing 4.727Mt in February, representing an increase of two per cent YoY, and deliveries in March increasing 2.5 per cent YoY t...

Packaging costs rise 117% in Iran

22 October 2018, Published under Cement News

The price of cement packaging in Iran has increased by 117 per cent from late-2017, according to Mohammad Ali Bod, member of the Iranian Cement Industry Employers' Association. The cost of packaging for a 50kg cement bag has risen from IRR8500 (US$0.2) to IRR18,500, with the surge negatively impacting producers. “Some plants will have to stop operating if the country doesn’t take necessary steps to resolve this problem,” said Mr Bod.

Bangladesh demand to grow 8-10%, but overcapacity to persist

29 May 2018, Published under Cement News

Bangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2...

Ambuja Cement sees market improvements

02 May 2017, Published under Cement News

Ambuja Cement, part of the LafargeHolcim group, reported that improving sales volumes, combined with favourable pricing contributed to positive 1Q17 results despite rising costs. Cement sales volume and price realisation improved in each consecutive month of the 1Q17, backed by good cement demand compared to the corresponding period a year, leading to a 5.3 per cent increase in net sales to INR25.33bn (US$395m). “With demonetisation largely behind us, we are well placed to serve both ...

Pakistan: construction sector demands reduction in cement prices

26 May 2016, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD) has called on the government to reduce the price of cement in country or to allow the importation of supplies from alternative sources. In their appeal, ABAD accused the All Pakistan Cement Manufacturers Association (APCMA) of not passing on energy cost reductions, despite promises to that effect made to the government. Coal and oil prices have fallen by more than 50 per cent, while the gas infrastructure development cess (GIDC...

Hail Cement 2Q15 net earnings down 28%

14 July 2015, Published under Cement News

Saudi-based Hail Cement reported net earnings of SAR28.6m during the second quarter of 2015, down 38 per cent compared with SAR46m in the comparative period of last year. Net earnings for the first half of 2015 also slipped 18.44 per cent YoY from SAR81m to SAR66m. The profit decline was attributed by the company to an increase in direct costs due to a decrease in production volume and an increase in maintenance costs because of shutdown.

OCC first-half net profit down

13 July 2015, Published under Cement News

Oman Cement Co (OCC) net profit declined by just over 40 per cent in the first half of this year to OMR5.44m (US$14.1m) from OMR9.09m in 1H14, the company said in its filing of initial numbers with the Muscat Securities Market. Revenue declined marginally to OMR25.53m in the first half of this year compared with OMR25.68mn in the corresponding period of 2014. Investment and other income fell sharply by 54.1 per cent to OMR1.8m from OMR3.94m. As a result, Oman Cement 's total revenue fell 7...

Adelaide Brighton predicts 2015 sales gain

28 May 2015, Published under Cement News

Australian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn...