Cement News tagged under: cement price

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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...

Coal delay sends NOCIBE cement price high

12 April 2018, Published under Cement News

The ex-works price of cement leaving the Adja-Ouèrè plant of Nouvelle Cimenterie du Bénin (NOCIBE) has jumped from XOF61,880/t (US$116.69/t) to XOF73.780/t, according to Agence Benin Presse. The organisation has attributed the spike to a key coal cargo being held up in the port of Cotonou. The coal is due to be transported to the NOCIBE plant for use in clinker production.

Cement price surge in Nampula

26 February 2018, Published under Cement News

The price of cement in Nampula, northeastern Mozambique, has soared since the start of the year despite the existence of two cement plants in the port of Nacala, 200km to the west. At the end of 2017 the cement price reached MZN435-470 (US$7.30-7.80) per 50kg bag but by 23 February, this had risen to MZN570-610/bag. Demand in the northern provinces  has boomed and the two cement plants cannot supply the entire market requirement, according to the Mozambique News Agency. Nampula Provincia...

Indian cement prices to increase by January

20 December 2017, Published under Cement News

Cement prices in India are expected to increase by INR3-4/bag by mid-January as the government has decided to hike the import duty on petcoke from the current 2.5 to 10 per cent. The rise in duty is expected to increase production costs by INR50-60/t and sector analysts predict the increase will be passed on to customers. "In case they are not passing it on, their EBITDA is likely to get affected and under the current scenario, no company will wish for it", an analyst with stockbrokin...

Kazakhstan cement price rises 6%

24 November 2017, Published under Cement News

In October Kazakhstan the average price of a 50kg bag of M400 cement reached KZT1252 (US$3.79), a 0.3 per cent MoM rise and an increase of 5.7 per cent when compared with the year-ago period. By comparison, the annual inflation rate in the country was 7.7 per cent. The highest prices for cement in Kazakh key cities were reported in Uralsk (KZT1609/bag, +12.5 per cent YoY) and Atyrau (KZT1525/bag, +14.2 per cent YoY), while the lowest cement prices were paid in Almaty (KZT1020/bag, -13% per...

Malawi producers increase cement prices

01 November 2017, Published under Cement News

Imported clinker and use of diesel engines to power cement production lines are causing cement manufacturers in Malawi to raise cement prices. A 50kg bag of cement was selling at MKW6600 (US$9.11) a month ago, but now ranges between MKW9000- MKW10,000 (US$12.4-13.8) in Blantyre, representing a 60 per cent price increase. With cement production halted, there is little construction work taking place. Cement manufacturers say the situation is unlikely to change until February 2018. The ...