Cement News tagged under: cement prices

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Hima Cement forecasts prices to fall in Uganda

14 June 2018, Published under Cement News

Nicholas George, Hima Cement Country CEO, has stated that cement prices in Uganda will fall some more as new capacities, such as Hima's 1.7Mta expansion in Tororo, come on-stream. Mr George said the period of rising cement prices was over. Speaking to the Daily Monitor, he said: "The country was faced with rising cement prices for about one month. But it is over. It was an accumulation of different parameters, all arriving at the wrong time. But with the new capacities in the market, the ...

Senegal cement price sees 10% hike

31 May 2018, Published under Cement News

Cement prices in Senegal have been rising by XOF5000/t (US$8.93/t) in the last fortnight. The ex-works price of 32.5-grade cement has increased from XOF50,800/t to XOF55,800/t while for 42.5-grade product the current ex-works price is XOF60,400/t, up from XOF55,400/t. The price rises have been attributed to a new tax imposed by the Senegalese government. It follows a XOF3000/t price hike in January 2017.

Ugandan government calls off plans for imports

30 May 2018, Published under Cement News

Uganda's government has back-tracked on initial plans to call in cement imports because local manufacturers have stablised prices. Yesterday, the Trade, Industry and Cooperatives Ministry Public Relations Officer, Khadijah Nakakande, said that cement prices had fallen and that government would no longer invite external players to import cement. "The cement prices have gone down and we understand a bag is now at UGX32,000 (US$8.50) around where it was before the crisis. There will be no...

Uzbekistan announces measures to stabilise cement prices

10 May 2018, Published under Cement News

Uzbek President, Shavkat Mirziyoyev, has signed a resolution "On Additional Measures for Stable Provision of the Internal Market with Cement," designed to give stability to Uzbekistan's cement market. The document emphasises that the volume of cement production in Uzbekistan and the pricing mechanisms for the product have a negative impact on ensuring the quality and timely completion of the construction of facilities. In accordance with the document, monopoly enterprises will sell 2Mt ...

Taiwan cement producers forecast profits from Chinese operations

01 May 2018, Published under Cement News

Taiwan and Asia Cement are expecting to experience a profitable year, on the back of price hike in China and increasing pressure on cement manufacturers on the mainland who cannot meet Bejing's stricter environmental regulations. Taiwan Cement Corp is forecast to generate net profit of TWD16.48bn (US$556.1m) for the whole of this year, a 117 per cent surge from TWD7.6bn last year, Taishin Securities Investment Advisory Co said. Taiwan Cement's revenue is forecast to grow 21.6 per cent a...

Pakistan budget 2018-19 offers mixed incentives to cement industry

30 April 2018, Published under Cement News

Pakistan's Federal Minister for Finance, Revenue & Economic Affairs, Dr Miftah Ismail, presented the country's Federal Budget 2018-19 in the National Assembly on 27 April 2018. Analysts have termed the budget for cement industry "Negative to Neutral" although it provides a mixed bag of incentives for cement manufacturers and exporters. The government expects GDP growth of 6.2 per cent for FY19 as compared to 5.8 per cent for FY18. Industrial growth remains the major contributor at an estim...

Cement prices in Egypt fall after March high

23 April 2018, Published under Cement News

Following their rise to EGP1250/t in March, cement prices in Egypt are dropping back to EGP950 this month, according to AhramOnline. The resumption of production at the Arish Cement Factory, the partial resumption of production at Sinai Cement, and the start of trial production at the Beni Sweif Cement Plant have all helped increase the supply of cement on the market, leading to the drop in prices,” said Ahmed Al-Zeini, head of the Construction Materials Division at the Cairo Chamber of Co...

Cement prices rise in northern Pakistan

16 April 2018, Published under Cement News

Cement prices in Pakistan, after registering a drop of almost 10 per cent over the last nine months, have started to increase in the northern region. Prices rose by PKR20 (US$0.17) on average, while prices have remained stable in the south. In Lahore the multiple brands of cement bags available have increased from an average of PKR505/50kg bag to PKR525.

Ugandan cement producers given three weeks to lower prices

11 April 2018, Published under Cement News

Uganda'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 hikes

23 March 2018, Published under Cement News

Gambian 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...