Cameroon: smuggled Dangote cement creates price drop
Dangote 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 c...
Pricing
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Saudi Arabia: lacklustre domestic demand creates price war
A 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...
India Cements receives stay on CCI fine
India 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 pra...
Germany: a positive outlook? Premium
As 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 ...
Dangote: a paradigm shift Premium
ICR 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 ...
Dangote Cement
Dangote 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 l...
CRC attributable profit drops 76% YoY
China 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).
Israel: government notifies Nesher on price cut
The 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...
CMA consults on draft GB cement market data order and undertakings
The Competition and Markets Authority (CMA) is consulting on measures to restrict the disclosure and publication of Great Britain cement production and sales volume data. The me...
Higher cement volumes drive Elementia’s 4Q and full-year revenue growth
Mexico-based Elementia reported consolidated revenues for 4Q15 rose by five per cent YoY to MXP4.02bn and by 11 per cent over the full year to MXP15.33bn, mainly due to higher v...