GCC achieves 23% YoY rise in 2Q sales
Mexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m).
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Canacem: high demand pushes up Mexican cement prices
Mexico’s National Chamber of Cement (Canacem) has attributed the increases in domestic cement prices to the high demand in the domestic market despite that construction players ...
UltraTech
UltraTech Cement will be bracing itself for the impact of the new Goods and Services Tax (GST) on the price of Indian cement. The new GST regime, which is due to be introduced o...
After the monsoons Premium
While the demonetisation of the Indian economy has seen cement sales significantly drop, the country’s cement producers are waiting for the positive medium-term effects of good ...
Saudi Arabia: changing times? Premium
The 2017 outlook for the Saudi Arabian cement sector remains neutral unless the government continues its spending spree. But as the subdued oil price environment calls for a mor...
Kazakhstan: a nation’s vision Premium
While the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels...
India prepares for the upturn Premium
After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and th...
Nigeria: cement price rise will impact house building
Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high ...
Sri Lanka: Tokyo Cement Company calls for end to price controls
Tokyo Cement, the largest cement producer in Sri Lanka, has called on the government to end controls and allow the market to set prices, Colombo’s Daily Mirror reports. In 2015 ...
Patterns in US cement Premium
As the US market picks up, the country’s cement producers can look forward to consumption growth rates of 6-7 per cent annually over the next two years. This should enable them ...