Cement News tagged under: price reduction

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Prices expected to fall after excise duty cut on fuel

24 May 2022, Published under Cement News

The cut in excise duty on fuel by India’s government is expected to lead to price reduction for cement users as the cement industry saves on transport and freight costs, according to companies and analysts, reports Business Standard. In April most cement companies increased prices by 8.3 per cent to INR390 (US$5.02)/50kg bag with expectations for May indicating a further price increase. However, according to analysts, there could be a reduction of the price by as much as INR15/bag although s...

Lafarge Zambia reduces cement price by 5-10%

03 November 2021, Published under Cement News

Lafarge Zambia has reduced the price of cement by 5-10 per cent from 30 October 2021. The price reduction was said to be inevitable due to the appreciation of the kwacha against other major convertible currencies in the past two months, according to the Zambia Consumer Association (ZCA), which welcomed the step. Lafarge Zambia Corporate Affairs and Communication, Sarah Banda, said in a statement that the reduction in the price of cement was caused by the recent appreciation of the kwacha a...

Aalborg Portland reports sluggish Futurecem sales

27 August 2021, Published under Cement News

Sales of its lower-carbon cement, Futurecem, have not reached the projected volumes of 40,000tpa, 18 months after its market launch, according to Denmark-based Aalborg Portland. To date sales of 2000t have been reported. Aalborg Portland CEO, Michael Lundgaard Thomsen, said the company will carry out a 20-30 per cent price reduction to bring Futurecem’s price in line with that of standard cement. However, he added that the price was not the only reason for the subdued sales of the product....

BUA Cement announces completion Okpella plant

09 November 2018, Published under Cement News

BUA Cement has announced the completion of its new 3Mta cement plant in Okpella, Edo state, Nigeria. Its output is expected to be delivered to the southern and southeastern Nigerian markets, enabling the company to gain a stronger foothold in these areas. The Okpella facility will be able to be fuelled with gas and heavy oils.  The company is expected to announce a date for the formal inauguration of the works, of which the completion comes less than six months after the inauguration of ...