Cement News tagged under: price

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Cimentos de Moçambique increases prices 5-10%

08 November 2016, Published under Cement News

Cimentos de Moçambique, Mozambique’s largest cement producer, has raised its prices by 5-10 per cent. The lowest price rise recorded in the company’s two plants in Matola, southern Mozambique. The price of a 50kg bag of cement rose from MZN347 (US$4.49) to MZN364. In the northern port of Nacala, price increases were higher, from MZN390 to MZN429/50kg bag, while at the central Mozambican town of Dondo a similar price hike of 10 per cent was carried out. The company has attributed the...

DR Congo: Matadi cement price falls

20 October 2016, Published under Cement News

For the first time in a month, the price of a 50kg bag of cement has fallen in Matadi from CDF12,500 (US$12.16) to CDF8500, according to domestic news reports. The drop in price comes as a result of increased supply of cement imported from Angola. However, sales remain subdued and the Association of Independent Cement Consumers of Kongo-Central has recommended that the government removes the import tax charged at the border post of Lufu.

Central Congo cuts import tax by 50%

10 August 2016, Published under Cement News

The provincial government of Central Congo, Democratic Republic of Congo, has lowered import taxes for grey cement by 50 per cent from CDF3000 (US$3.15) to CDF1500 per 50kg bag. The step has been welcomed by importers who bring in Angolan product via the border post of Lufu. However, cement users have complained that the cut is not filtering through to end-users as they still pay CDF12,500 for a bag of cement. They have called for the government to revise the cement price, and are support...

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...