Lucky Cement 1HFY14 net profit rises 20%
Pakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices.
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Fujairah Cement profit hit by weaker prices
UAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales.
Pakistan prices sees further increases
Cement producers in Pakistan have increased prices by PKR15/bag in anticipation of improved construction activity before the monsoon season begins.
Honduras government freezes cement price for further 30 days
Following an agreement with local cement companies, the Honduran government resolved to continue freezing cement prices at HNL160 (US$8.07)/bag.
DTI steps up monitoring of reported price hikes
The Philippines' Department of Industry is stepping up its monitoring of cement prices following recent reports of price hikes.
China prices seen rising over 2014-15
Cement prices in China are expected to increase by 10 and five per cent in 2014 and 2015, respectively, according to research report by HSBC. As a result, higher prices as well ...
Cade likely to impose fine on Brazil producers
Brazil's antitrust watchdog Cade is likely to impose fines totalling BRL3.1bn (US$1.3bn) on six cement producers for alleged market collusion.
China prices, inventories stable in January
China's cement prices and inventories were stable in January due to favourable weather conditions, a Deutsche Bank report has said.
UltraTech quarterly profit hit by subdued demand
UltraTech Cement, the leading cement producer in India, reported a 38.43 per cent decline in net profit for the last three months of 2013 as sluggish demand leads to a weaker pr...
Kenyan prices hiked on new mining levy
Kenyan producers have raised cement prices following a new levy imposed by the Ministry of Mining.