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Gambian cement shortage leads to vendor price hikes

23 March 2018, Published under Cement News

Gambian cement producers, have denied being responsible for the recent price hikes in cement prices. Both Gacem and Salam Cement expressed their surprise at the retail prices. Many vendors sell the commodity between GMD300 to GMD320/bag (US$6.3-6.7/bag). The Human Resource Manager at Gacem Cement Betty Njie, reiterated that they are selling cement for D260 from their outlets and does not understand the reason why vendors have been selling cement at their own exorbitant price tag. Ida Jaite...

Investment minister explains cement price rises in Tanzania

21 March 2018, Published under Cement News

Tanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market penetration strategy. The approach is to manufacture more and distribute large quantities of cement coun...

Turkish cement export up 7% in 2017

20 March 2018, Published under Cement News

Turkey's cement exports rose 6.9 per cent YoY to 8Mt in 2017, according to the Turkish Cement Manufacturers’ Association (TCMB). Turkey produced 81Mt of cement and clinker in 2017, up 6.8 per cent when compared with 2016. Of this total, 9.9 per cent was exported, said the TCMB. Most exports were destined for the USA, but the largest increase in export volumes was to Haiti.

Devki Group complains of substandard imports flood

20 March 2018, Published under Cement News

Devki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the normal 50kg. This is killing the local industry."  Mr Raval questioned why the KBS and KAM is not ...

Cement exports from Bangladesh on the rise

19 March 2018, Published under Cement News

Bangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau has appreciated the ...

Saudi Cement companies await upturn on 2Q18 export sales

14 March 2018, Published under Cement News

Saudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on the back of higher exports. Asharq Al-Awsat reported that Saudi Arabian cement companies will rely on completing domestic construction projects and increased exports to raise revenues in 2Q18. "Saudi cement companies are positioned to boost sales in the second half of this year," said economic specialist Faisal ...

Costa Rica considers imposing 5% cement tax on net sale price

09 March 2018, Published under Cement News

The Costa Rican Legislative Assembly is to discuss proposing a five per cent tax on imported and locally-produced cement. The bill establishes that "… the tax on cement produced within the national territory or imported, will be of five per cent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other...

Cimentos de Mocambique denies responsibility for price rises

06 March 2018, Published under Cement News

Cimentos de Mocambique (CM), which operates two cement factories in the northern province of Nampula, has denied authorising any increase in the price of its product. Jorge Reis, the managing director of CM, said his company has nothing to do with the sudden increases in the price of cement charged by retailers, All Africa confirmed. In the last two months the price of a 50kg bag of cement produced at the CM factories in Nacala has risen from MZN470 (US$7.50) to a maximum of MZN610 (US$9...

Holcim to import 423,500t of clinker into Argentina

05 March 2018, Published under Cement News

Between May and December 2018 Holcim is expected to import 423,500t of clinker into Argentina, worth US$27.52m. The imports will arrive in 10 shipments of 42,350t each. In December 2017 the cement producer announced investments of US$120m to increase cement capacity at its Malagueno plant in Córdoba. The project includes the addition of a complete line with a clinker capacity of 0.512Mta and a cement capacity of 0.73Mta. Construction works are expected to start in 1H18.

Price rise granted for INSEE and Tokyo Cement

05 March 2018, Published under Cement News

The Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe...