Cement News tagged under: pricing

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Vietnam cement prices to rise?

16 October 2014, Published under Cement News

The price of cement in Vietnam could be increased this month, according to the country's Ministry of Finance, without stating a reason for the potential rise. Cement is currently sold for VND1.05m-1.5m/t (US$49.5-70.7) in the northern region and VND1.46m-1.8m/t in the south. Clinker and cement export prices were also stable at US$38.2 and US$55.2/t, respectively, the ministry added.

Dangote reduces Ghana prices on cedi appreciation

15 October 2014, Published under Cement News

Dangote, has reduced prices of its cement by GHS2.70 following the gradual appreciation of the Cedi against the dollar and other major international trading currencies. Joeseph Kobina Abu, sales and marketing manager of Dangote Cement Ghana Ltd said the company has  reduced "the price from GHS30.75 to GHS28.05 “. The reduction took effect on 9 October 2014. GHACEM had also reduced its ex-factory price from GHS30.55 to GHS27.965/50kg bag, effective Tuesday, 7 October.

Barclays raises target price for CRC, maintains rating

14 October 2014, Published under Cement News

Barclays Research raised its target price for China Resources Cement to HK$5.91 (US$0.76) from HK$5.79 and maintained its "equal weight" rating. Despite the strong cement price in southern China so far this year, the research house noted concerns over CRC's long-term growth as volume growth expansion is limited and the company does not have any material consolidation plans so far. Barclays said the fourth quarter usually shows the strongest seasonality for the cement industry. However, ...

Deutsche Bank upgrades Adelaide Brighton, Australia

10 October 2014, Published under Cement News

Deutsche Bank has upgraded Australian building materials supplier Adelaide Brighton to hold from sell, citing recent share price underperformance. However, Deutsche continues to have concerns around the potential for more contract losses. The broker says Adelaide Brighton is trading on a multiple of 13.3 times earnings – broadly in line with its historical 12-month ratio of 12.9 times.  "Upside risks include better pricing outcomes for lime and cement and a faster-than-expected improvement ...

GHACEM cuts prices on appreciation of cedi

08 October 2014, Published under Cement News

GHACEM, the leading cement producer in Ghana, has reduced the price of cement following the recent appreciation of the cedi against major international currencies. The ex-factory price of its 50kg cement bag has been reduced from GHS30.55 to GHS27.965, effective Tuesday, 7 October. The Ghanian cedi experienced a free fall against the major trading currencies, depreciating about 30 per cent to the US dollar in the first half of 2014. The situation has impacted on imported goods across ma...

Spanish watchdog initiates preliminary inspection

25 September 2014, Published under Cement News

The Spanish competition watchdog Comisión Nacional de los Mercados y de la Competencia (CNMC) has carried out inspections at the headquarters of companies that produce cement, concrete and their derivatives. The preliminary inspections were carried out over 16-18 September 2014 for alleged anti-competitive practices. Should suspicions be confirmed, the regulator will open disciplinary proceedings, which could result in fines amounting to 10 per cent of the companies' turnover.

Indonesian firms expect better second-half

23 September 2014, Published under Cement News

Two of Indonesia's top three cement producers are expecting a better financial performance in the second half of this year, on the back of growing demand despite a projected slowdown in the country's economy. Christian Kartawijaya, president director of Indonesia's second-largest producer PT Indocement Tunggal Prakarsa, told reporters at the Investor Summit 2014 that there would likely be more construction projects carried out in the second half of the year. “The projected growing cement ...

Steppe swings to first-half loss

16 September 2014, Published under Cement News

Kazakhstan cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$4.1m for the six months ended 30 June 2014 against a profit of US$2.2m in the comparative period of last year. Sales increased by 26 per cent in volume and 16 per cent in tenge (KZT) in 1H14 against 1H13. However, as a consequence of the February devaluation of the KZT against the USD, turnover in US dollars decreased by five per cent. The average ex-factory price declined from KZT12,084/t in 2013 to...

Pick-up in south Indian prices

12 September 2014, Published under Cement News

Cement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in demand. Cement demand in south India is expected to be boosted after the formation of the Telegana state, ending political state, a report by the Economic Times of India stated. Moreover, prices in the south, particularly Andhra Pradesh which had remained weak, have been looking up since June, the report added. Price i...

Unicem cuts 32.5 grade prices, Nigeria

11 September 2014, Published under Cement News

United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announced. The move comes again the backdrop of recent price reductions in the country, according to the company. “Incentives are on ground currently for the dealers and with the current atmosphere of cement prices, UNICEM management has adequately responded by reducing the price of its 32.5 cement grade by N125/bag," Adebis...