Cement News tagged under: cement prices

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Rwanda: dealers and developers call for Cimerwa price drop

19 September 2016, Published under Cement News

Cement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cement is cheaper than the one made locally need to look at one thing: what is cheap is cheap because t...

Nigeria: Bricklayers threaten protest over cement prices

12 September 2016, Published under Cement News

The Lagos State Bricklayers Association have called on the Nigerian government to take action to lower cement prices, the Nation reports. According to the newspaper, if the authorities do not succeed in bringing down the cost of cement by 20 September, bricklayers will hold a rally in Nigeria’s largest city to air their grievances. President of association, Deacon Abel Olukayode, stated: “We have been lamenting over rising incidents of building collapse in the country. Are we not going...

Ethiopia: Dangote plant attracted with cheap power deal

08 September 2016, Published under Cement News

Dangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun...

Nigeria: cement prices in Lagos rise by over a third

31 August 2016, Published under Cement News

The price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise of around 40 per cent on previous prices. Kunle Awobodu, vice-president of the Nigeria Institute of Building (NIOB), said: “Clients, contractors and quantity surveyors may have disagreements due to price variations. New price on old contracts in a competitive bidding may eventually lead to sub-standardisation in con...

Northern India prices rebound as demand strengthens

30 August 2016, Published under Cement News

Cement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the INR225-240 seen in January 2016. Sabyasachi Majumdar, senior vice president, ICRA Ratings, said, “W...

India: Assam property developers concerned over cement price rise

24 August 2016, Published under Cement News

The Assam Real Estate and Infrastructure Developers Association (Areida) has said that a proposed rise in cement prices is “unreasonable”, the Times of India reports. Following intervention by Assam’s Chief Minister, Sarbanada Sonowal, the cement companies elected not to go through with the price increase. Despite this, Areida has said that it will still approach the Competition Commission of India (CCI) with its concerns. Areida President, PK Sharma, said: "The price of cement in Assa...

Philippines: consumers complain over quality and prices

28 July 2016, Published under Cement News

The National Consumer Affairs Council (NCAC) has called on the Department for Trade and Industry (DTI) to take action on complaints about substandard cement entering the market, the Philippine Daily Inquirer reports. Chair of the NCAC, Jose Pepito, said: “This complaint has been there for a long time, so I’m wondering why nothing has been done about it,” he said in an interview with the Inquirer. “Many consumers may not be aware of the problem because they are not technically knowledgeabl...

India: fresh calls for Kerala to control rising cement prices

25 July 2016, Published under Cement News

The price of cement in Kerala – which has reached up to INR430/bag (US$6.40) – has again provoked calls for the state government to intervene, reports the Hindu. The newspaper quotes a cement dealer in Kochi who claims that cement prices in Kerala are INR200 higher than in other parts of India. While companies had not raised prices, they have stopped offering discounts to dealers, the Hindu’s source told the newspaper. “The cement companies have stopped providing the benefits that were...

Sri Lanka: Tokyo Cement Company calls for end to price controls

15 July 2016, Published under Cement News

Tokyo Cement, the largest cement producer in Sri Lanka, has called on the government to end controls and allow the market to set prices, Colombo’s Daily Mirror reports. In 2015 the government introduced a price ceiling of LKR870 (US$6.00) for a 50kg bag of cement, at a time when local prices were LKR930-940. Since last year the Sri Lankan rupee has depreciated in value, raising the cost of clinker imports and raising costs further down the supply chain. Managing director of Tokyo Ce...

India: Kerala businesses protest high cement prices

15 July 2016, Published under Cement News

The Government Contractors Association (GCA) in Kerala has hit out at the state government’s failure to control cement prices, which have reached INR430 (US$6.40) for a 50kg bag, the Deccan Chronicle reports. The head of the GCA in Kerala, Varghese Kannampally, noted that production costs for a bag of cement are about INR70 (US$1.04). Mr Kannampally observed that in neighbouring Tamil Nadu, the state government had reached an agreement with producers to supply agreed quantities of cement ...