Cement News tagged under: cement price

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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...

Pakistan: dispatches expected to reach 3Mt in September

30 September 2016, Published under Cement News

Total cement dispatches for Pakistan are expected to remain flat at around 3Mt for September 2016 in comparison to September 2015. In a research report, Topline Securities forecast that local sales for the month would stand at approximately 2.4Mt, a two per cent drop YoY and 20 per cent decrease MoM as a result of the monsoon in the initial days of the month. Analyst Nabeel Khursheed said, “We have excluded clinker sales to Fauji Cement, which is expected to come at 200-230,000t during th...

Mexico: Elementia considers price rise to help fund investment plan

29 September 2016, Published under Cement News

Elementia is considering a potential rise in its cement price following the depreciation of the Mexican peso against the US dollar, according to the El Financiero newspaper. The price rise will help to maintain the viability of its US$250m investment programme that includes a capacity expansion at the company’s Hidalgo works as well as contributing to debt payments, of which a significant part are denominated in dollars.

Dangote

27 September 2016, Published under Cement News

Despite a 15 per cent increase in sales in Nigeria in July and August this year, Dangote Cement has been forced to increase its cement prices in the country due to escalating costs. Disruptions to the domestic gas supply have resulted in the producer increasingly turning to LPFO and coal to power its plants, despite these fuels being up to three times more expensive than gas. The naira has also experienced a significant devaluation against the US dollar, further increasing costs.  “The pr...

India: Assam cement companies bring down prices

05 September 2016, Published under Cement News

Following an initial reluctance, cement companies in Assam, India, have started to lower cement prices, according to reports in The Telegraph.  Cement producers including TopCem Cement, Star Cement and Dalmia Cement announced a price reduction of INR25-35/bag in the Indian state. There had been protests by organisations like the Krishak Mukti Sangram Samiti (KMSS) after the companies recently decided to hike price by around INR20-40/bag. The rise in cement prices was seen as detriment...

Dangote announces price rise, starts coal mining in November

01 September 2016, Published under Cement News

Dangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the gas supply, its preferred fuel in Nigeria. This has led to a substantial hike in its fuel costs as the company increasingly relies on LPFO and, to a lesser extent, on coal as prices for these alternatives are up to three times higher. The significant devaluation of the naira against the US dollar has also contributed to...

India: reason for optimism?

17 August 2016, Published under Cement News

The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year...