Cement News tagged under: pricing
EAPCC announces 10% price cut20 July 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director... |
Steppe Cement price focus helps lift 1H turnover19 July 2017, Published under Cement NewsSteppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer focussed on pricing. In a market update for the first half of the year published on Monday, the company said sales volumes fell to 650,333t from 761,777t a year earlier. Meanwhile, turnover reached KZT8553m (US$26.2m) versus KZT8190m in 1H16. The average price for delivered cement in the 1H17 increased to KZT13,15... |
Mexico's construction chamber considers imports06 July 2017, Published under Cement NewsFollowing the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports. He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buyers. However, to minimise the effect of such price rises, increased supply through imports would cre... |
UltraTech reduces prices05 July 2017, Published under Cement NewsUltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press report. The company has started the supply of batches from its warehouses on new rates effective 1 July , when the new tax structure came into force. Cement has been taxed at 28 per cent under the GST as compared to 30-31 per cent in the previous taxation system. The reduction in prices would vary from state to st... |
Caribbean Cement announces price increase23 June 2017, Published under Cement NewsCaribbean Cement Co of Jamaica has announced an increase in the price for cement, effective Monday. In a release published by the Jamaica Gleaner, Carib Cement said the price of its most popular product, Carib Cement Plus, will be increased by JMD38 in addition to General Consumption Tax (GCT). It says the price of its other cement products will also be increased. The company added that after three years without a price increase, the devaluation of the Jamaican dollar and increases in fue... |
India producers refute cartel allegations13 June 2017, Published under Cement NewsRepresentatives from various cement companies on Friday denied that they formed a cartel to artificially hike prices, saying market dynamics decide the prices, not the companies. There have been allegations of cartelisation and ‘unjustified’ prices in Andhra Pradesh and Telangana in the south of the country from builders after a steep hike in prices in the two markets recently. "Price hikes have to be factored in the context of price volatility, escalating costs and low capacity utilisa... |
Cement price recovery in western India12 June 2017, Published under Cement NewsCement prices in western India have recovered from the lows touched a year ago, and on a YoY basis have seen the highest improvement among all domestic regions. In June the price of cement stood at INR335 (US$5.20)/50kg bag, 16 per cent more than the INR290/bag recorded in the same month a year earlier, according to a recent dealer channel check report by Kotak Institutional Equities. On a sequential basis, prices improved by INR2/bag. The recovery has largely been driven by the state o... |
Challenging outlook for Lafarge Malaysia23 May 2017, Published under Cement NewsIn the first three months of this year Lafarge Malaysia reported a net loss of MYR48.9m (US$11.4m) compared to a net profit of MYR20.6m for the same period a year ago due to lower operating profit and worsening pricing pressure. The group’s revenue decreased by 16.1 per cent to RM561.9m YoY. “This decrease was mainly attributable to the lower sales contribution from the cement segment due to the soft market demand, coupled with the increased industry capacity and the continued pricing pr... |
Saudi Cement net profit down 37%15 May 2017, Published under Cement NewsSaudi Cement has registered a 37 per cent drop in its net profit for the first quarter of SAR165m (US$44m) versus SAR265m (US$70.5m) attributed to lower volumes and selling prices amid slugglish demand. Despite weaker volumes, helped by locational advantage, the company's average realised price marginally declined by three per cent YoY and was down two per cent QoQ, as compared to deep discounts offered by other cement companies, according to Al Rajhi Capital report. Saudi Cement's gro... |
Najran Cement Co posts lower profits09 May 2017, Published under Cement NewsNajran Cement Company reported a 81.7 per cent YoY decline in its profits during the first quarter of 2017, according to a Saudi bourse filing. Profits reached SAR11.22m (US$2.99m) in 1Q17, compared to SAR61.34m in 1Q16. Net revenues fell 50.4 per cent to SAR111.4m in the period under review, compared to SAR224.4m in 1Q16. The company’s 1Q17 results were weighed down by lower selling prices, and decreased sales volumes due to lower demand and the slowdown in construction activitie... |