Cement News tagged under: cement price

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Canacem: Mexico’s cement sector to grow 3% in 2017

12 May 2017, Published under Cement News

The Mexican cement sector is expected to grow by three per cent in 2017, as housing construction contracts, according to Osmín Rendón, president of the national construction chamber, Canacem. He said the cement price will continue to rise as in the last 5-7 years, but that the decision depends on individual companies and the pricing strategies they pursue. "Cement prices are diverse, there is no single price and this depends on the area and the brand. Each company will determine whether t...

Northern Indian producers implement second March price hike

22 March 2017, Published under Cement News

Cement price rises at the end of the financial year are generally avoided in India as they slow down sales, but this year cement producers in the north are breaking with “tradition”. They have decided to raise cement prices for a second time in March. Northern producers are raising cement prices by INR10 (US$0.15), taking the price of a 50kg bag to INR300-330. This follows a INR10-15 price increase at the start of the month. The second advance is the result of rising input costs. In t...

Gas price hike to raise Bangladeshi cement prices

27 February 2017, Published under Cement News

Following a hike in gas prices by Bangladesh Energy Regulatory Commission, a rise in the production cost and sales price of cement is expected in the country. The gas price for captive power and industrial sector has been increased by 15 per cent and 15.13 per cent, respectively, to be imposed in two phases between March and June this year. Local businessmen and experts were of view that it would impact the economy and argued that it is not the permanent solution to mitigate the gas cr...

Senegal turns to exports

13 January 2017, Published under Cement News

This week it was announced that the Senegalese government would impose a new tax on the price of cement in the country of XOF3/kg or XOF3000 (US$4.84)/t. There are just three cement producers in Senegal – Sococim (Vicat group), Société Cimenterie du Sahel (SCS) and Dangote Cement Senegal – and they are expected to raise cement prices to pass on the cost of the tax to consumers. The government's move is to help recover lost income from what they view as a highly profitable commodity. Sen...

Egypt: floating pound sends cement prices skywards

11 January 2017, Published under Cement News

Building materials prices have increased sharply in Egypt since the country floated the pound, according to industry sources. They said the price rise could threaten projects, force contractors out of the market and increase property prices by 30 per cent. The Central Bank of Egypt floated the pound last November to stabilise exchange rates as part of a wider structural and financial reforms programme. The currency has since fallen by more than 50 per cent against the US dollar to EGP18-2...

Indonesia: domestic cement sales weaken in November

09 January 2017, Published under Cement News

The first 11 months of 2016 Indonesian cement sales reached a total of 56.5Mt, up 2.8 per cent YoY from domestic cement sales in the same period one year earlier. However, domestic cement sales weakened 5.4 per cent MoM to 5.7Mt in November 2016, according to Indonesian Investments. Meanwhile, in the first 11 months of 2016 Indonesia exported 1.5Mt of cement, up a massive 52.2 per cent YoY. Semen Indonesia and Holcim Indonesia  saw their market share fall more than six per cent in Nov...

Senegal: government introduces new tax on cement

06 January 2017, Published under Cement News

As of 2 January, the price of cement in Senegal has increased by XOF3000 (US$4.84)/t. The Senegalese government has implemented a new tax of XOF3/kg on cement. The tax will be applied by all three domestic cement companies - Sococim, Ciments du Sahel and Dangote Cement Senegal. It is part of the government’s efforts to reduce loss in income, according to the Senego news service.  Sellers are expected to pass on the new tax to customers.The Consumers Association of Senegal has expressed ...

Mexico: Cemex increases cement price 11%

15 December 2016, Published under Cement News

Cemex notified its distributors that from January 2017 it will increase the price of grey cement by around 11 per cent nationwide. Other producers such as Holcim and Cruz Azul are following suit with similar price rises of around MXN300 (US$14.60) Distributors of Construramas, Cemex’s chain of shops in Nuevo Léon and other Mexican states said the latest price rise will see cement at MXN2740-3000/t. Retail customers in Nuevo Léon will see the price of a 50kg bag of cement rise by MXN155-172...

Togo consumer association asks for cement price structure transparency

06 December 2016, Published under Cement News

The Togolese Association of Consumers (TAC) has asked the government to publish the price structure of cement and called for the establishment of a regulatory authority for the cement sector in the country. Despite the national production of the three producers (Cimtogo, WACEM, Fortia) at around 1.5Mta, the supply of cement is experiencing every year severe shortages and speculation about the price,” according to ATC Secretary General, Aladjou Agouta. "Against this situation, ATC is ca...

Mexican peso depreciation causes substantial hike in cement prices

21 November 2016, Published under Cement News

The depreciation of the Mexican peso against the US dollar has impacted negatively on the price cement and other building materials. In the year to date, cement prices have increased 14.8 per cent and between January 2015 and October 2016, prices have seen upward adjustments of 30 per cent, according to the National Institute of Statistics and Geography (Inegi). The increase in building material prices is due to their indexation in dollars and are quoted in international prices. The r...