Cement News tagged under: pricing

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Morgan Stanley bearish on China Building Materials Sector

22 March 2012, Published under Cement News

Morgan Stanley believes second quarter pricing for China’s building materials will still be lower than the first quarter as it expects 2Q demand seasonal recovery to be weaker than normal years due to the slowing construction pace of property developers. “We hold the view that developers will not reaccelerate construction activities until they have cleared their four-year high property inventories,” In addition, the supply side is facing pressure as well, especially from new capacity addi...

Southern Cement improves market supply

22 March 2012, Published under Cement News

Southern Cement Company Chairman Prince Abdullah bin Musaed bin Abdurrahman Al-Saud said the company has started implementing the royal decree related to cement prices. Addressing the company's General Assembly meeting held yesterday at the general administration building of the company in Abha, the prince said that the availability of additional fuel has enabled cement factories to produce more and improve its market supplies, thus checking the price-rise. The meeting approved distribut...

China cement output rises 4.8%

20 March 2012, Published under Cement News

Cement production from China rose by 4.8 per cent in the first two months of 2012 to reach 216Mt. However, growth slowed by 4.3 percentage points from the same period last year, the National Development and Reform Commission (NDRC) reported. In February, the average cement price was CNY376.5/t down, down CNY31 from December 2011 but up CNY5.5/t YoY.

Indian government notes signs of cement sector recovery

19 March 2012, Published under Cement News

The Indian government has noted a recovery in the cement sector and announced adjustments to the excise duty in its Union Budget 2012-13. While presenting the Union Budget 2012-13 (April-March) in parliament, Pranab Mukherjee, Minister of Finance said: "Data of last quarter of 2011-12, suggests that the economy is now turning around. There are signs of recovery in coal, fertilisers, cement and electricity sectors. These are core sectors that have an impact on the entire economy. Indian ma...

Saudi Arabia sets prices

19 March 2012, Published under Cement News

Saudi Arabia has set  the factory price of cement at SAR12/bag (US$3.20) and the retail price at SAR14/bag, the Saudi Press Agency reported, citing Minister of Commerce and Industry Tawfiq al-Rabea. The price of bulk cement has been fixed at SAR240/t, it said. Cement supply will grow 15 per cent annually after the ministries of petroleum and commerce agreed to provide the fuel to operate expansions at existing plants, the Riyadh-based news service said. Output from 13 cement companies i...

Holcim Lanka’s alternative fuels option, Sri Lanka

19 March 2012, Published under Cement News

Holcim Lanka Ltd is beginning to use agricultural waste to generate power in the cement manufacturing process. Speaking to the Daily News Business, Chairman of Holcim Lanka, Manilal Fernando, said that the company is using rice husks, straw, agricultural waste and other waste materials to generate power. "This initiative has helped the company to reduce production cost by almost 30%," he said. Mr Fernando said that they are also currently doing research to save more energy by way of usin...

Tamale cement prices and shortages addressed, Ghana

16 March 2012, Published under Cement News

Cement prices in Tamale, the capital of the Northern Region of Ghana and the Tamale Metropolitan District, have risen above the official value to GHS20/bag (US$11.5), according to local media reports. A cement shortage has also been reported on the market, affecting ongoing construction works in the regional capital. Northern Regional Minister, Moses Bukari Mabengba, has held discussions with cement dealers and those citizens of Tamale affected by the shortage to assess the situation. ...

Competition Commission settles with Lafarge, South Africa

09 March 2012, Published under Cement News

South Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six per cent of its 2010 turnover in the South African Customs Union (South Africa, Botswana, Lesotho, Swaziland and Nambia). The agreement follows a settlement reached by the Commission with AfriSam which will pay a fine of ZAR125m, or three per cent of its turnover in the same period. The commission has now vowed to purs...

Tanzania: calls for uniform prices nationwide

08 March 2012, Published under Cement News

Tanzanian cement producers are being urged to open their own depots in remote areas to bring down retail prices. Dr Cyril Chami, Minister for Industry, Trade and Marketing, said the time had come to ensure cement prices are uniform across the country. "Although the manufacturing firms incur transport costs in shipping the product to the market, they dispose it at retail prices that are not affordable to the ordinary people," said Dr Chami. He said producers should establish their own depo...

Rises in Pakistan cement prices lower than other building materials

23 February 2012, Published under Cement News

Aizaz Mansoor Shaikh, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has said cement prices have displayed a much lower increase over the last few years compared to other building materials and essential commodities. The News Tribe of Pakistan reports that on average, cement prices increased 6.28 per cent since 2000 to the first half of the current fiscal compared to steel rates raised by 15.90 per cent while the cost of bricks were up by 13.12 per cent. Mr Manso...