Cement News tagged under: cement prices
Ugandan cement producers given three weeks to lower prices11 April 2018, Published under Cement NewsUganda's Government, through the Ministry of Trade and Cooperatives, has vowed to allow cheap imported cement into the country if local cement manufacturers do not lower prices. Trade minister, Amelia Kyambadde, says the manufacturers in Uganda have three weeks to lower the prices. "We have given them an opportunity until May. If by May the prices have not gone down......but even May is very far. We also have to protect them because these are the few industries that we have," said Ms Kyam... |
Gambian cement shortage leads to vendor price hikes23 March 2018, Published under Cement NewsGambian cement producers, have denied being responsible for the recent price hikes in cement prices. Both Gacem and Salam Cement expressed their surprise at the retail prices. Many vendors sell the commodity between GMD300 to GMD320/bag (US$6.3-6.7/bag). The Human Resource Manager at Gacem Cement Betty Njie, reiterated that they are selling cement for D260 from their outlets and does not understand the reason why vendors have been selling cement at their own exorbitant price tag. Ida Jaite... |
Investment minister explains cement price rises in Tanzania21 March 2018, Published under Cement NewsTanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market penetration strategy. The approach is to manufacture more and distribute large quantities of cement coun... |
Devki Group complains of substandard imports flood20 March 2018, Published under Cement NewsDevki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the normal 50kg. This is killing the local industry." Mr Raval questioned why the KBS and KAM is not ... |
Price rise granted for INSEE and Tokyo Cement05 March 2018, Published under Cement NewsThe Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe... |
Cement price increase in north Pakistan01 March 2018, Published under Cement NewsCement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house. As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase... |
Nepal cement manufacturers ordered to decrease prices23 January 2018, Published under Cement NewsThe government of Nepal has directed cement companies to decrease the price of cement within three days, reports myRepública. This follows a price hike of 10-16 per cent in some regions, while factory input cost has only increased 7-9 per cent. "This is the case of the artificial price hike. That is why we have asked cement manufacturers to roll back the price hike decision within three days," said Laxman Shrestha, director, Department of Supply Management and Protection of Consumers Inter... |
Cement prices rise in Nepal12 January 2018, Published under Cement NewsThe price of cement in Hetauda, Bhairahawa and Biratnagar has risen by up to NPR160 (US$1.56)/bag, according to The Kathmandu Post. Cement producers claim this to be the result of the higher cost of raw materials such as clinker, gypsum and fly ash. However, some consumers have alleged that the price hike is artificial and cartelisation is to blame. "Manufacturers collude with each other to hike prices while consumers regard recent price increases as a black market. We demand that this pr... |
China sees a rise in clinker imports04 January 2018, Published under Cement NewsChina imported 184,600t of clinker in the first 11 months of 2017, over four times the amount imported during the year-ago period, according to Caixin Global. These figures have been attributed to a surge in domestic prices making it more cost effective to import the material. The majority of the clinker was imported from Vietnam for companies based in Hainan, Shandong, Zhejiang and Beijing. The rise in domestic clinker prices has been linked to a government campaign to limit the pro... |
Pakistan receives a mixed outlook for 201803 January 2018, Published under Cement NewsPakistan’s cement industry is expected to face a series of challenges in 2018 such as decreasing profitability, high interest rates and an increase in coal prices. These factors make a high profit margin for the sector unlikely in the coming years. Reports show that cement bag prices have been placed under pressure by the opening of Cherat Cement’s second production line in the northern region. Alongside this, international coal prices rose by 23 per cent in the first quarter of FY2018 to... |