Cement News tagged under: price

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Dem Rep Congo: cement price notes 10.6% drop in Kinshasa

25 January 2016, Published under Cement News

The price of cement in the Kinshasa market experienced a -10.6 per cent fall. The price of a 50kg bag fell from CDF12,300 (US$13.34) to CDF11,000. The price fall is due to a combination of factors including the low activity on building sites, particularly following Christmas and New Year as well as a scarcity of bank notes in circulation. Normal sales of cement reach around 50-100 bags per day.

Paraguay: demand up 8%, prices to fall 15%

08 January 2016, Published under Cement News

In 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos...

Egypt's new-found energy

09 November 2015, Published under Cement News

Following its successful navigation of turbulent social and political waters, the Egyptian cement industry has more recently had to face the challenge of overcoming gas shortages and a phase-out of power subsidies. Diversifying energy and power sources has now become a key priority as producers look to secure supplies, stabilise production and serve growing demand. By Shady Sharaf, Aboubakr Emam, CFA & Kamal El-Sheikh, Cairo Financial Holding, Egypt. Arabian Cement Co converted its pl...

Dangote Cement

29 September 2015, Published under Cement News

Following a recent visit to Zimbabwe by Aliko Dangote, head of the Dangote Group, the company has announced plans to open a 1.5Mta grinding plant in the country. The plans have reportedly been approved by the Zimbabwean government with construction on the US$400m plant rumoured to begin in 1Q16. The news comes as the company celebrated the inauguration of its 1.5Mta grinding plant in Douala, Cameroon, and announced plans to begin work on phase two of the plant, doubling its capacity. The ...

Paraguay: cement price spikes 20%

28 September 2015, Published under Cement News

In the past few weeks the price for a bag of cement in Paraguay has spiked to PYG56,000 from PYG45,000, up 20 per cent. The price rise has been attributed to technical issues with the kiln of Industria Nacional del Cemento and is expected to fall once the have been resolved.

DR Congo: cement price rise in Kananga

18 September 2015, Published under Cement News

The price of a 50kg bag of cement is rising in Kananga, the capital of Central Kasai, Democratic Republic of Congo. It is now around US$40-42 from US$37.75 a week ago, according to local press reports. The price increase has been attributed to the high cost of transport where a 10t truck costs US$4500 compared with US$5000 for a 40t rail wagon.

Nigeria: Dangote Cement reduces prices by NGN6000/t

04 September 2015, Published under Cement News

Dangote Cement announced that it will lower the price of its 3X cement by NGN300/50kg bag or NGN6000/t. Onne van der Weijde, Dangote’s director general, has indicated that the company’s cost reduction strategy has started to bear fruit, enabling Dangote to achieve attractive margins and reduce the prices. Mr Van der Weijde added:  "We hope this new pricing strategy will support the naira, by reducing unnecessary imports and by creating currency value through the income to be generated from...

Mexico: cement price up 8%

24 July 2015, Published under Cement News

In the year to date, the price of cement in Mexico has increased by just over eight per cent. This follows a price rise of nine per cent in 2014, said Juan Francisco Sanchez Kramer, investor relations director of Elementia. The price movement is on the back of an expected rise in demand due to private and public infrastructure projects. He added that the Mexican construction sector has large potential. Significant population growth, an expanding middle class and more than 120m people witho...

Tunisia: Bizerte cuts cement price

04 March 2015, Published under Cement News

Ciment de Bizerte is lowering its whole-sale cement price from MAD149.9/t to MAD147.9/t for bagged cement while bulk cement will cost MAD127.4/t to MAD130.4/t. Earlier Carthage Cement had announced a drop in its prices. Ciment de Bizerte forecasts a production of 1Mt in 2015 as the producer noted it was running at full capacity since the start of the year after the renovation of one of its kilns to increase capacity to 1.2Mta.

US natural gas price to soften before recovery in 2016

24 February 2015, Published under Cement News

As the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forecast to US$2.85, from US$3.90 prior,” say analysts at BofA Merrill Lynch Global Research. High production, especially in the US northeast where new pipeline capacity has come online, has helped to raise annual output growth from 1.9 to 5.7bcf/d through 2014, bringing total US ga...