Cement News tagged under: cement prices

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Northern players increase price by PKR10

19 July 2018, Published under Cement News

Pakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details were given to justify the increase. The northern zone represents around 80 per cent of the total produc...

Strike held in Mizoram against rising cement prices

13 July 2018, Published under Cement News

All Mizoram cement and iron rod dealers on Wednesday observed a daylong strike across the northeast Indian state to protest a hike in cement prices by three companies – Dalmia, Star and Topcem. The strike was called by the All Mizoram Cement and Iron Rod Dealers' Association (AMCIRDA) and was strictly observed in all parts of the state, said the association's Secretary, Henry Lalbiakzinga. The leader said the three cement companies have recently hiked the prices of cement in Mizoram from ...

Cahya Mata Sarawak defends its cement pricing

06 July 2018, Published under Cement News

In response to a motion moved by Pujut Assembly man Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is incorrect to say the company has a monopoly over the production and sale of cement in Sarawak, Malaysia. CMS stated that contrary to the assertion made by Ting that since June 2016, one bag of 50kg cement is sold at MYR21.50 (US$5.32) in Sarawak, but at MYR17.30 (US$4.28) in Sabah, the true figure quoted by the Malaysian Department of Statistics is MYR20.37 for a 50kg bag of...

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...