Cement News tagged under: pricing

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European cement majors: first half trends

06 August 2012, Published under Cement News

The last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes.   In terms of market performance, wes...

Lafarge Malayan Cement confirms price hike

01 August 2012, Published under Cement News

Lafarge Malayan Cement (LMC) has confirmed it will raise the price of cement effective today, 1 August, due to rising manufacturing and delivery costs, which is expected to bode well for the company’s margins from next year, according to analysts. "The decision was made unilaterally and taking into consideration our increasing costs associated with manufacture and delivery of cement, which we have endeavoured to absorb over the years," its executive director Chen Theng Aik has told SunBiz...

Shree Cement fined by regulator for price fixing, India

31 July 2012, Published under Cement News

Shree Cement Ltd has been fined US$72m by the Competition Commission of India (CCI), the watchdog said in a statement, making it the 12th cement company to be fined for cartel practices. Shree Cement has been fined INR3.98bn (US$72m), the equivalent of 50 per cent of its net profit for the financial years ending in 2010 and 2011, the CCI said in the statement. In June, 11 cement makers were fined a combined US$1.1bn by the CCI in June for collusion and price fixing, the biggest penalty...

Builders Association urges government to look into price hikes, Malaysia

30 July 2012, Published under Cement News

The Masters Builders Association of Malaysia (MBAM) has urged the government to look at a possible rise in cement prices which is expected to impact the local construction sectors. The MBAM said in as statement that it had been notified by a major cement producer that the price of a bag of cement would increase to MYR17.75/bag from MYR16.75 as of 1 August 2012, while the price of bulk cement would be hiked from MY$320/t to MYR340/t. “MBAM appeals to the Government, in particular the Domes...

Pakistan cement exporters earn US$499m in FY2011-12

25 July 2012, Published under Cement News

Pakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding period last year, according to data released by Federal Bureau of Statistics. This shows that cement exports fell by 11.21 per cent in terms of quantity but rose  9.06 per cent in dollar value over the corresponding period last year, respectively However, on Pakistan rupee terms, exports increased significantly by 14....

Holcim could face 20% fine, Brazil

25 July 2012, Published under Cement News

Holcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter.  Holcim may receive a fine of as much as 30 percent of Brazil revenue in that year, Roland Walker, a company spokesman, said in an e-mail, declining to give the sales figure. C...

Malaysian price hike on the cards

24 July 2012, Published under Cement News

Speculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire. Ching Liong Building Materials Distributors Association of Malaysia president New said, to date, there are no indications to signal a rise in cement prices compared to a few weeks ago when one factory raised its prices. "The situation has, however, stabilised with a lot of the mills running at full capacity, of which demand is there and the market environm...

Vietnam cement prices drop on weak demand

23 July 2012, Published under Cement News

The price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association. For the six months to June 2012, cement production and consumption fell 10 per cent YoY to 24.3Mt and 23.6Mt, respectively. Local producers have exported 3Mt of clinker and 700,000t of cement in the first half of the year.  (Source: Vietnam News Agency Bulletin)

Dominican Republic cement prices rise

20 July 2012, Published under Cement News

The president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports. Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower prices for a barrel of oil in international markets for several weeks, leaves us with no reasonable cau...

ACC seen posting 12 per cent rise in 1QFY13 net profit

19 July 2012, Published under Cement News

ACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estimates, Moneywire reports. India’s second-largest producer, in which Holcim holds a 50.3 per cent stake, is expected to post a 13 per cent rise in net sales for the quarter at INR27.25bn. On a QoQ basis, net sales are seen declining five per cent. However, net profit Apr-June is not strictly comparable with the previou...