Cement News tagged under: cement prices

RSS feed

Investment minister explains cement price rises in Tanzania

21 March 2018, Published under Cement News

Tanzania'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 flood

20 March 2018, Published under Cement News

Devki 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 Cement

05 March 2018, Published under Cement News

The 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 Pakistan

01 March 2018, Published under Cement News

Cement 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 prices

23 January 2018, Published under Cement News

The 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 Nepal

12 January 2018, Published under Cement News

The 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 imports

04 January 2018, Published under Cement News

China 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 2018

03 January 2018, Published under Cement News

Pakistan’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...

Kenyan producers to cut cement prices

04 December 2017, Published under Cement News

Cement companies intend to lower their prices and achieve regional competitiveness following the reduction in local off-peak power prices. President Uhuru Kenyatta's directive issued last Tuesday took effect at midnight (1 December). Under the directive, manufacturers will have their electricity consumption during the low peak period between 22-06h period halved. Savannah and National Cement brand makers said they have seen demand for local cement rising following the local price drops. S...

South India cement prices fall INR16 per bag

20 November 2017, Published under Cement News

Cement prices in South India have fallen for the second consecutive month, according to The Hindu. The price dropped by INR16 (US$0.24) per bag in October and is currently around INR332. Kerala and Tamil Nadu saw the steepest decline, with a MoM decrease of INR20 per bag in November. The decline in prices has been attributed to the sand mining ban and the poor monsoon season for the region. South India has a production capacity of 150Mta, but the lack of sand has kept the cement ...