Cement News tagged under: cement price

RSS feed

Kinshasa cement prices sees 11% hike

05 August 2019, Published under Cement News

The price of a bag of grey cement in Kinshasa, Democratic Republic of Congo, has increased to CDF15,000 (US$9.08) from CDF13,500, according the national press agency ACP. The price rise, which applies to domestically-produced and imported cement, is the result of an increase in demand as Kinshasa province is currently subject to a housing boom and the implementation of President Félix Antoine Tshisekedi Tshilombo emergency programme, which include the rehabilitation of the capital road net...

Kinshasa cement price declines 19%

06 June 2019, Published under Cement News

The price of grey cement in Kinshasa, Democratic Republic of Congo, has fallen by 19.4 per cent to CDF13,300 (US$8.07) currently from CDF16,500/50kg bag in April, according to the Congolese press agency, ACP. The price drop has been attributed to supply currently exceeding demand. However, in the east of the country the supply of cement is significantly lower with only two plants in operation. A third is in the process of being rehabilitated.

Salvadorian cement demand surges 28% in 11M18

05 June 2019, Published under Cement News

Apparent cement consumption in El Salvador has increased by 28 per cent in the January-November 2018 period to 27,314,750 bags of 42.5kg, or 1,160,877t, when compared with 21,802,300 bags or 926,598t in the 11M17, according to the country’s construction chamber, CASALCO. The latest increase represents the fifth-consecutive 11M rise since 2014. The rise comes on the back of construction activity outperforming economic growth in the Latin American country. Annual economic growth in the 11M18...

Mali cement prices rise under absent Senegal imports

17 May 2019, Published under Cement News

Cement prices in Mali have risen sharply with some blaming the absence of Senegalese imports while others have put the blame firmly at the door of the government and Diamond Cement. A present, the ex-works cement price is XOF87,500/t (US$149.09/t). However, low output at Diamond Cement’s cement plant is insufficient to serve the 3Mta Malian market. While the company has a cement capacity of 1Mta, output at the plant is currently 0.645Mt, according to representatives of the cement producer. ...

Cemex expected to increase cement price 12-13% in new year

18 December 2018, Published under Cement News

Cemex will increase the price of cement between 12-13 per cent at the beginning of next year, according to the Mexican Association of Independent Concrete Companies (AMCI). "The Mexican Association of Independent Concrete Companies announced an increase in the price of concrete of 20 per cent as of January 2019; independent concrete producers have reported that Cemex will increase cement prices by approximately 12 per cent, "Citibanamex analysts said. However, they highlighted that althoug...

India's GST council may cut tax on cement

14 December 2018, Published under Cement News

India's Goods and Service Tax (GST) council may consider moving construction items, such as cement, out of its highest tax band of 28 per cent in its meeting next week, according to The Economic Times. Cement is one of 35 items left in the band which is primarily used to tax luxury items. Cutting the GST rate on the material is expected to provide a boost to the housing and construction industry. "While a general expectation has always been for restricting the 28 per cent rate list to onl...

Pakistan's cement industry braces itself for challenges ahead

13 December 2018, Published under Cement News

Pakistan's cement industry will face challenges in the remaining six months of current financial year 2018-19 due to various pressing factors. Industry experts are of opinion that declining trends in cement demand, capacity expansion, cut in Public Sector Development Programme (PSDP), slowdown in private construction and price war may adversely impact cement industry performance from January 2019 onward.  According to a report of Taurus Security Ltd, the cement sector in Pakistan faces ...

Government and business agree HNL30 price drop in public works cement

23 November 2018, Published under Cement News

Honduran president, Juan Orlando Hernández, has announced a reduction of HNL30 (US$1.22)/bag of cement for public works and housing, following talks with the cement industry. The agreement is directly linked to national development, with an impact on housing projects, the road network and other initiatives, said the president. Not only social projects will benefit, but generation of employment and investment in the construction sector will also improve as the country saves around HNL365m/m...

Senegal cement price rises cut short

19 October 2018, Published under Cement News

Senegal’s Minister of Commerce, the Informal Sector, Consumption and SMEs, Alioune Sarr, has frozen the ceiling for cement prices to their previous levels, according to a press release by the ministry. "As a result, all cement plants located in Senegal are invited to comply with the new regulatory provisions pending the results of evaluations provided by its services. In any case, the services of the Directorate of Internal Trade will ensure the strict application of the regulations,” the ...

Ugandan President opens new Simba grinding plant

29 August 2018, Published under Cement News

Uganda's President, Yower Museveni, has opened the Tororo grinding plant of Simba Cement and during the opening the owners of the factory announced that they would produce the lowest-priced cement in the country. Plant Manager, Guru Narendra Ravel, said the 50kg bags of cement produced at the Tororo plant would be sold at UGX25,000 (US$6.64), well below the average price of UGX32,000 (US$8.50). Simba Cement, part of National Cement Kenya Ltd, is the second of three cement plants that wil...