Cement News tagged under: cement prices
China: cement prices to remain strong in 2H1627 September 2016, Published under Cement NewsChinese cement prices are predicted to rebound strongly in the remaining three months of the year, say analysts, thanks to rising domestic home prices, which have also boosted the share prices of cement manufacturers listed in the mainland and in Hong Kong. Total revenue of the 17 cement makers listed in the A-share market grew 4.8 per cent in 2Q16, while net profit hit CNY4.81bn (US$721m) reports South China Morning Post. Growing numbers of mortgage applications have pushed up the avera... |
Mozambique: cement prices soar23 September 2016, Published under Cement NewsThe price of cement has risen sharply in the northern Mozambican province of Nampula, with retailers across the province charging MZN480 (US$6.30) for a 50kg sack, compared with MZN350 (US$4.50) just three months ago. In July the price rose from MZN350 to MZN380, followed by a further rise in August to MZN450, and to MZN480 at present. Some establishments in Nampula city are even charging MZN500. Worse still, some retailers appear to be illegally altering the weight of the sacks, reported ... |
Rwanda: dealers and developers call for Cimerwa price drop19 September 2016, Published under Cement NewsCement 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 prices12 September 2016, Published under Cement NewsThe 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 deal08 September 2016, Published under Cement NewsDangote’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 third31 August 2016, Published under Cement NewsThe 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 strengthens30 August 2016, Published under Cement NewsCement 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 rise24 August 2016, Published under Cement NewsThe 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 prices28 July 2016, Published under Cement NewsThe 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 prices25 July 2016, Published under Cement NewsThe 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... |