Cement News tagged under: pricing

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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...

Cement shortage hits Ghana’s Cape Coast

22 February 2012, Published under Cement News

A shortage of cement has been reported in the Cape Coast, central regional capital of Ghana as a result of faulty equipment at Tarkarodi Cement, according to local press reports. Retailers at Cape Code told City & Business Guide that customers are struggling to buy a bag of cement which is currently being sold for GHS18 instead of the previous GHS14. Kwame Mensah, a retailer at Sackey Cement Works said in an interview that they have not received cement since last week.

Pakistan exporters hike Afghanistan prices by 25%

27 January 2012, Published under Cement News

Pakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters to Afghanistan. Sales to this neighbouring market constitute about 30 per cent of DG Khan’s total ex...

Mexican cement prices continue upward trend

20 January 2012, Published under Cement News

Mexican cement prices in December were noted to reach one of its highest peaks and the rise has continued into the new year, according to local press reports. Results from a poll by Banamex, shows the average price of cement in Mexico has reached MXP123/bag, up 0.6 per cent over December prices. Most regions experienced a minimal price rise or remained unchanged except for the cities of Merida and Yucatan where they rose three per cent, while in Mexico City and Aguascalientes, prices wen...

Pakistan cement cartel investigation

17 January 2012, Published under Cement News

The Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement offices in Lahore to seize documents which could confirm collusive activities in an alleged cement cartel. The Business Recorder of Pakistan report that this is the second time the CCP has carried out such an inspection of the cement sector. This new investigation is due to the continued rise in prices over the cou...

Spanish firms to pay fine on northern cartel

16 January 2012, Published under Cement News

A number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain. Cements Portland was ordered to pay a fine of EUR5.72m, followed by Beriain (EUR2.5m), Cetya (EUR1.14m), Vresa (EUR959, 277) and Cemex Espana (EUR502, 283), Cinco Dias reported.

Ministry steps in to curb escalating Saudi prices

12 January 2012, Published under Cement News

Saudi Arabia’s Ministry of Commerce and Industry has intervened to curb a significant rise in cement prices in the western region of the country, Al Eqtisadiah business daily reports. At least 14 people involved in the alleged price fixing have been arrested following raids conducted at the start of this year by ministry inspection teams. A total of 10 trucks were also seized during raids on cement sales outlets in Jeddah and other parts of the region which were carried out in cooperation...