Cement News tagged under: price hike

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Indian cement prices may increase this week

04 May 2020, Published under Cement News

An INR20 (US$0.26) price hike on all grades of cement in India could take place on Friday, according to The New Indian Express. Before the increase, the price of a 50kg cement bag rests between INR300-80 depending on the grade. Some producers are reporting that, following the permission to start-up operations again, it will take time to scale up production because of the lack of the required workforce, raw materials and transportation, amongst other reasons. However, since wages and other...

Cement price hike claims investigated in Malaysia

14 February 2020, Published under Cement News

Following claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its minister, Datuk Seri Saifuddin Nasution Ismail, has said the inspections were made after the Johor Master Builders Association (JMBA) alleged a cement price hike of around 20-50 per cent. Mr Saifuddin added that following a YoY price comparison of the four main cement manufacturers from 2017 until now, there has ac...

India sees cement price increase in January

13 January 2020, Published under Cement News

India has reported cement price increases in most parts of the country in January, according to market analysts. "Prices have increased by about INR10/bag (US$0.14) (three per cent up from last month) in most parts of the country (according to our channel checks) after declining by about INR30/bag in the last six months," stated analysts from Motilal Oswal Financial Services. Furthermore, producers are expected to post healthy EBITDA growth in their results for the quarter ending Decem...

Ghacem to raise cement prices

11 December 2019, Published under Cement News

Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w...

Ramco Cements expects price hike in Indian states

30 August 2019, Published under Cement News

India's Ramco Cements Ltd has stated that a cement price hike in Telugu states is imperative as prices are unviable for manufacturers. "Companies have to increase cement prices as current prices are unviable. There is no other way. Cement prices in Hyderabad range from INR220-270/bag (US$3-3.77/bag). Rates are similar in Andhra Pradesh, though we get INR10-15 more in Visakhapatnam and Rayalaseema regions," said R Ramakrishnan, president of marketing at Ramco Cements, in an interview with ...

Cement prices rise in Vietnam

13 June 2019, Published under Cement News

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has...

Cement prices rise 43% in the Dominican Republic

16 May 2019, Published under Cement News

The president of the Cibao Housing Promoters and Builders Association, Anthony Canaan, has denounced a 43 per cent price hike in cement prices in the Dominican Republic, according to the Dominican Today. Mr Canaan noted that stability in the exchange rate and prices of different raw materials means there is no justification for the increase. "In recent days we have received an unjustified increase in the raw material for construction," said Mr Canaan. "Currently the different cement distr...

Cement prices rise 36-44% in Tamil Nadu

14 February 2019, Published under Cement News

The price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former national president of the Builders’ Association of India, has noted that the increase will affect construction projects. "The price of basic raw materials in manufacturing of cement has not increased. The price of cement bag has increased by INR100. This increase is totally unethical. We request the government to fo...

TCMA responds to concerns over upcoming price hike

03 January 2019, Published under Cement News

The Turkish Cement Manufacturers' Association (TCMA) has responded to concerns raised by the Construction Contractors Confederation (İMKON) regarding a price hike of 40 per cent on cement products. "Despite the cost increases, our sector will not boost prices as high as 40 percent, just to stay within the scope of the overall anti-inflation program," said Nihat Özdemir, chair of Limak Holding and president of the TCMA. Regarding the alleged 40 per cent price hike, İMKON had stated that c...

Apo Cement announces PHP10 price hike

19 November 2018, Published under Cement News

Philippines-based Apo Cement has announced a PHP10 (US$0.19) price hike on its cement products in some regions of the country, following the suspension of its main raw material supplier, APO Land & Quarry Corp. "APO Cement continues to adopt measures to cope with the challenges of not having equitable sources of raw materials to produce cement," stated the company. "APO is announcing a PHP10 increase per bag in its cement products in Cebu and other areas in the Visayas region starting ...