Cement News tagged under: pricing

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Chinese imports lower Costa Rica’s cement price by 20%

30 September 2015, Published under Cement News

Construction costs in Costa Rica are lower due to the import of Chinese cement, according to local news service La Republica. Chinese imports retail at around 20 per cent below cement produced locally by Cemex and Holcim. However, to date the imported cement has not received certification of compliance with domestic standards although initial samples have proved positive. Cement is imported from Sinocem via local company JCB. Sinocem exports nearly 2Mta to various destinations. Cement im...

Egypt prices decline on slower construction activity

28 September 2015, Published under Cement News

Egyptian prices have declined three times in the past two months as a result of increased supply and low demand in the market, local media have reported. A ton of cement now costs EGP550 (US$70), down from EGP700 (US$89) at the beginning of August, the construction materials division of Cairo Chamber of Commerce Ahmed al-Zeiny told Youm7 Sunday. Zeiny attributed the decline to the lack of construction activities this month due to holidays such as al-Adha feast. He also cited the dollar s...

Steppe Cement first-half loss narrows, Kazakhstan

11 September 2015, Published under Cement News

Steppe Cement Ltd Friday said its first-half loss before tax narrowed to US$2.29m from US$6.40m in the previous year. Loss after tax totaled US$2.2m, narrower than the US$4.1m loss in the prior year.  Consolidated turnover fell to US$44.7m from US$51.8m. Sales increased to 717,654t from 709,459t. The average ex-factory price decreased from 10 per cent to KZT10,797/t, due to competition from Russian companies helped by the Rouble exchange rate and the reaction of the main local factories...

Competition Market Authority consults on draft cement price announcement order

11 September 2015, Published under Cement News

The Competition Market Authority (CMA) has published a draft order which would prohibit cement suppliers in Great Britain from sending generic price announcement letters to their customers. In January 2014, the Competition Commission (CC) published its final market investigation report into aggregates, cement and ready-mix concrete which required Lafarge Tarmac to sell one of its cement plants and Hanson to sell one of its ground granulated blast furnace slag (GGBS) plants to enhance compet...

Indian prices rising in the north, down in the south - report

10 September 2015, Published under Cement News

JM Financial says in the past few weeks India cement prices have risen by INR50/bag in the north while they fell by INR20/bag in the south. Across India though cement prices have increased just 1.1 per cent YoY during April-July. If the divergence continues, north India-based cement makers may see a sharp rebound in profitability after four to five quarters of disappointing earnings, whereas south India-based firms may see some decline in the near-term from decent profits, the broker says....

China: Huaxin first-half profit plunges 82%

24 August 2015, Published under Cement News

Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos...

GCC sees higher volumes and bettter pricing

19 August 2015, Published under Cement News

Grupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio...

Shanshui Cement issues first-half profit warning, China

17 August 2015, Published under Cement News

Shanshui Cement on Friday said it expects to record a loss in net profit for the six months ended 30 June 2015 compared to the net profit of the same corresponding period in 2014, adding that the loss is expected to be "relatively significant." Management attributes the loss to two main factors. Firstly, the group has seen sluggish cement demand in the regions where it operates, particularly in the northeastern and Shanxi regions. Secondly, severe overcapacity led to a "substantial" decr...

China: Guangdong Tapai Group 1H affected by pricing pressures

12 August 2015, Published under Cement News

Guangdong Tapai Group saw net profit fall to CNY186m (US$29m) for the first half of 2015, down 47.81 per cent from the same period a year ago. Operating revenue fell was down 7.89 per cent to CNY1.84bn. Competition in east Guangdong and Pearl River Delta became fiercer causing cement prices to continue falling. The average selling price fell 19.52 per cent.

Zambian prices expected to come down

11 August 2015, Published under Cement News

Cement prices in Zambia are expected to drop further with new capacity investments being lined up, according to the country's Commerce, Trade and Industry Permanent Secretary, Siazongo Siakalenge. Mr Siakalenge said two Chinese investors, namely, Jidong Development Group and Sino Construction Limited, had expressed interest in setting up two cement plants in Lusaka and Ndola, respectively. "Government signed a Memorandum of Understanding (MoU) with the two companies in China in April thi...