GHACEM cuts prices on appreciation of cedi
GHACEM, the leading cement producer in Ghana, has reduced the price of cement following the recent appreciation of the cedi against major international currencies.
Pricing
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Spanish watchdog initiates preliminary inspection
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, c...
Indonesian firms expect better second-half
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 slo...
Steppe swings to first-half loss
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...
Pick-up in south Indian prices
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 deman...
Unicem cuts 32.5 grade prices, Nigeria
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, announce...
China’s watchdog fines three producers for price fixing
China’s price regulator has fined three domestic cement makers CNY114m (US$18.58m) for price fixing, the National Development and Reform Commission (NDRC) said in a statement on...
Dangote rolls out price cuts, Nigeria
Dangote Cement yesterday said it has reviewed the price of its cement in Nigeria and announced a price cut of NGN100 (US$1)/50kg bag.
Lucky boosted by higher volumes and pricing
Pakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in th...
China Tianrui Group Cement Co attributable profit climbs 15.6% YoY
China Tianrui Group Cement Co said its attributable net profit for the six months to the end of June 2014 rose 15.6 per cent YoY to CNY327m (US$53.2m). Revenue rose 15.4 per cen...