Cement News tagged under: pricing
Producers agree to lower Himachal Pradesh prices, India03 July 2014, Published under Cement NewsCement producers operating in Himachal Pradesh (HP) have agreed to reduce the price of cement in the northern Indian state to bring it more in line with prices in neighbouring states, an official has said. "Ambuja, ACC and Jaypee have agreed in principle to reduce the price with immediate effect," a government spokesperson told local press. The move comes as chief minister of Himachal Pradesh, Virbhadra Singh, toughens his stand on cement being sold in Himachal Pradesh at rates higher t... |
Trinidad Cement Ltd increases prices02 July 2014, Published under Cement NewsTrinidad Cement Ltd (TCL) has increased its prices as of 1 July 2014 to help counter increases in production costs. The company stated: “TCL Premium Plus, which accounts for 95 per cent of local market share, will be adjusted by nine per cent, which is equal to a five cent increase per pound from US$.53 to $.58 VAT inclusive. Ordinary Portland Cement (OPC), which is used by approximately five per cent of the market, will move by 15 per cent.” TCL added: “These price movements have resul... |
China Resources sales exceed guidance27 June 2014, Published under Cement NewsChina Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased as compared with the corresponding period in 2013," the company says. "The strong cement price in off season (2Q14) is suggesting better and demand balance in southern China," says Guotai Junan Securities. "We believe cement price might pick up in 4Q14 and recent sell-off makes CR Cement more attractive." |
RAM Ratings reaffirms Lafarge Malaysia rating27 June 2014, Published under Cement NewsRAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ... |
Cemex hikes prices by 7% in Mexico11 June 2014, Published under Cement NewsCemex is to increase the price of grey cement in Mexico by seven per cent, its second increase of 2014. The company hiked prices in its domestic market during the first quarter of this year. Together with the new increment, prices have risen by 14.5 per cent on a cumulative basis so far in 2014. The increases have been made in a bid to bring prices back up to where they were in 2012 before the market's depression, as well as to compensate the rising cost of input materials such petcoke... |
Ghana: prices stablise in Northern Region06 June 2014, Published under Cement NewsCement prices in the Northern Regional capital of Tamale, Ghana, have now stabilised, according to local press reports. Until recently, a bag of cement was being sold at between GHS28 (US$9) and GHS30 (US$10) in the Tamale Township. However, prices have now evened-out across the board, with a bag of cement now selling at GHS28. A shortage of supply of cement products, which has slowed down infrastructural development at all levels in the Tamale Metropolis, is being attributed to import... |
Cement price rise 2.5% in Morocco04 June 2014, Published under Cement NewsThe price of a bag of cement in Morocco will rise between 2-2.5 per cent to MAD1400/t (US$170), mainly on the back of higher fuel prices. In addition, cement stocks have decreased by 3.37 per cent between January-May 2014. |
Positive outlook for Pakistan producers03 June 2014, Published under Cement NewsThe government of Pakistan said yesterday it expects the domestic cement industry to prosper during fiscal FY14-15, led by improvements in local pricing and demand. According to the Pakistan Economic Survey 2012-13 released yesterday, due to improving cement prices this year, the outlook for most cement players is positive for the next fiscal which begins in July 2014. Local cement dispatches are also expected to increase due to improvements in Public Sector Development government expe... |
Tunisian prices to rise following government subsidy cut23 May 2014, Published under Cement NewsThe price of cement in Tunisia is to rise following the announcement by Kamel Bennaceur, Minister of Energy and Mines, that the government will remove the subsidy on cement. Prices are set to increase by TND7.5-8 (US$4.6-4.9) local news sources have reported. |
Crossing the Andes20 May 2014, Published under Cement NewsColombia’s cement producers are poised to benefit from the government’s ongoing investment in housing and road networks. The country’s geography and favourable demographics also hold the promise of further development and to meet these demand requirements leading domestic producers have been increasing capacity with further projects potentially in the pipeline. By Jairo Julián Agudelo Restrepo & Martin Posada, Grupo Bancolombia, Colombia. Colombia’s Andean topography remains a challen... |