Cement News tagged under: pricing
Nepal Cement Manufacturers Association to review price hike10 April 2017, Published under Cement NewsThe Nepal Cement Manufacturers Association has agreed to review the recent hike in domestic cement prices, The Kathmandu Post reports. Earlier last week Industry Minister Nagendra Raj Joshi had requested that cement manufacturers review the recent hike which has seen prices increase by NPR20-25/bag. In a follow-up meeting called by Joshi on Sunday, the manufacturers said they are committed to lowering the price. During the meeting, Dhurba Thapa, President of Nepal Cement Manufacturers ... |
Nepal: Hetauda Cement sees improved pricing environment22 March 2017, Published under Cement NewsNepal-based cement producer Hetauda Cement Factory recorded a profit of NPR40m (US$382,292) in the last fiscal year and is now targeting a profit of NPR200m in the current fiscal thanks in part to higher cement prices. The state-owned cement factory was forced to shut down operations for five months in the previous fiscal due to a shortage of coal triggered by the trade embargo. However, optimism prevails for the year in hand due to a hike in cement prices. Although the cost of produci... |
Cameroon: smuggled Dangote cement creates price drop08 February 2017, Published under Cement NewsDangote cement currently sells between XAF-2800-3500 (US$4.55-5.68) per 50kg bag in northern Cameroon, significantly lower than the XAF4500-4600 applicable in the south of the country, local sources revealed. The price erosion results from smuggling activity suffered by Dangote in the northern part of the country. Important cargoes of Dangote cement sold in this area of Cameroon come directly from Nigeria, despite there being a ban on imports of cement in Cameroon, implemented by public ... |
Saudi Arabia: lacklustre domestic demand creates price war01 February 2017, Published under Cement NewsA drop in domestic demand caused by a downturn in government construction projects has triggered a price war among cement producers in Saudi Arabia, according to local newspaper Al-Youm. The National Cement Committee of the Council of Saudi Chambers acknowledged the price war but said it was not involved in it. “The committee has nothing to do with the decline in cement prices or the price war which is happening in the market,” said Committee Chairman, Jihad Al-Rasheed. The newspaper r... |
India Cements receives stay on CCI fine29 November 2016, Published under Cement NewsIndia Cements received a stay order following its appeal of the decision made by the Competition Commission of India (CCI) to impose a INR1.87m fine on it for unfair pricing practices. On 31 August, CCI imposed penalties of around INR67bn on 10 cement companies and the Cement Manufacturers’ Association for cartelisation. COMPAT imposed a condition that India Cements would have to deposit 10 per cent of the penalty in the registry of the tribunal in the form of six-month fixed deposit with... |
Germany: a positive outlook?31 October 2016, Published under Cement NewsAs the German economy continues to expand, investment in construction is rising. However, the recovery of the key market appears to be slowing and cement demand in 2015 slipped when compared to the previous year’s volumes. But with imports declining and exports recovering, the outlook for domestic cement producers is improving. Will Germany's cement producers be able to look forward to a continued recovery in the domestic construction market? The German economy expanded 1.7 per ... |
Dangote: a paradigm shift06 April 2016, Published under Cement NewsICR took the opportunity to meet with Dangote Cement’s new CEO, Onne van der Weijde, during the recent Cemtech Middle East & Africa conference in Dubai. The former area manager for Holcim with responsibility for the company’s Indian operations, Mr van der Weijde is now at the helm of Dangote Cement alongside DVG Edwin who remains in charge of new projects. Here he gives an optimistic account of Dangote’s ambitious strategy for Africa, where the company is now targeting a total capacity of 75... |
Dangote Cement29 March 2016, Published under Cement NewsDangote Cement has reported a 14 per cent rise in profit in 2015, up from NGN159.5bn (US$801m) in 2014 to NGN181.32bn (US$910m), driven by new plants and price reductions. The last two years have seen the company open six new facilities across Africa, all of which have performed well, increasing sales volumes by 35 per cent as well as gaining valuable market share. September 2015 saw Dangote implement a price cut in its home market of Nigeria to boost consumption and compete with imports... |
CRC attributable profit drops 76% YoY15 March 2016, Published under Cement NewsChina Resources Cement (CRC) said its profit attributable to owners for the year ended 31 December 2015 dropped 75.9 per cent YoY to HKD1015m (US$130.8m). Turnover was HKD26,779m, a decrease of 18 per cent from a year earlier. The consolidated gross margin was 24 per cent, representing a decrease of 7.3 percentage points from 31.3 per cent for 2014. The average selling price of cement last year was HKD269.9/t, down 20.2 per cent over 2014. The company noted that during 2015, demand for ... |
Israel: government notifies Nesher on price cut29 February 2016, Published under Cement NewsThe government of Israel has notified Nesher Cement Enterprises Ltd that it must cut prices due to lower-priced inputs, local press have reported. Following a drop in the prices of raw materials for making cement, mainly oil prices, the Ministers of Finance and the Economy notified Nesher Israel Cement Enterprises Ltd of a 5.35 per cent cut in the price of cement. The revision was according to a procedure stipulated in the arrangement with Nesher signed in September 2014. The Ministry of F... |