Cement News tagged under: pricing
ICCI asks cement manufacturers to reduce prices to help quake-hit areas29 October 2015, Published under Cement NewsThe Islamabad Chamber of Commerce and Industry (ICCI) has called on Pakistan's cement manufacturers to reduce the price of cement to benefit the millions of people whose homes were damaged after a 7.5 magnitude earthquake hit the Pak-Afghan region earlier this week. Pakistan’s Ministry of Water and Power says early reports indicate the country’s dams and hydropower installations are safe and secure . However, houses and others infrastructure have reportedly been damaged in northern area. ... |
Eagle Materials reports record quarterly cement earnings and volumes27 October 2015, Published under Cement NewsEagle Materials Inc posted yesterday record quarterly Cement and Paperboard division operating earnings as demand for the company's building materials and construction products remained strong in each of its regional markets “Eagle's construction products and building materials businesses continued to perform exceptionally well during the second quarter, with the Cement and Paperboard businesses reporting record quarterly operating earnings and our wallboard and concrete and aggregates b... |
Germany's housing benefits26 October 2015, Published under Cement NewsFollowing last year’s recovery in German cement demand, a subdued start to 2015 means growth is likely to peter out. Housebuilding continues to recover from a low base, but the outlook for industrial construction appears downbeat. On the corporate front, M&A activity and asset swaps by European majors have led to some German plants now being under new management. German housing continues its recovery and increases its share of German construction activity The German economy grew... |
ACC sees subdued July-Sept volumes and pricing21 October 2015, Published under Cement NewsLafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m... |
Steppe Cement revenue falls on lower pricing14 October 2015, Published under Cement NewsSteppe Cement Ltd Tuesday said revenue in the first nine months of 2015 fell four per cent YoY as increased sales were offset by lower cement prices. Kazakhstan producer said revenue in the third quarter of 2015 experienced a small rise to KZT7.77bn from KZT7.65bn a year previously. That brought revenue for the first nine months of 2015 to KZT16.04bn, down four per cent YoY from KZT16.77bn. Revenue fell in the first nine months as the four per cent YoY rise in sales volumes to 1.34Mt from ... |
HSBC lowers China Resources Cement target price08 October 2015, Published under Cement NewsHSBC Global Research lowered its target price for China Resources Cement to HKD4.30 from HKD4.40 and maintained its "hold" rating. CRC recently said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in ... |
China Resources Cement issues profit warning07 October 2015, Published under Cement NewsChina Resources Cement (CRC) has said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in China compared with the year before, as well as the depreciation of Renminbi against other currencies since the begin... |
Thai 3Q consumption likely to be flat - report07 October 2015, Published under Cement NewsCement consumption in Thailand is likely to be rather flat in 3Q15 and 9M15, according to a report by Bualuang Securities focussed on domestic cement major Siam Cement Co (SCC). Last week, the research house accompanied SCC's management and IR team to meet investors in Germany, Switzerland and France. The information gathered during the non-deal roadshow (NDR) gave Bualuang a clearer picture of SCC's long-term growth profile. Regarding SCC's Cement-Building Materials (CBM) business, Bual... |
CREDAI files complaint with India regulator06 October 2015, Published under Cement NewsThe Confederation of Real Estate Developers’ Associations of India (CREDAI) has filed a complaint with the Competition Commission of India (CCI) against cement manufacturers for the alleged manipulation of cement prices. In its submission to the Commission, CREDAI has pointed out that the cost of raw materials used in manufacturing cement has fallen between January and September this year, yet customers are yet to feel the benefit. CREDAI believes that the cement firms are working in tande... |
Sino Zimbabwe cuts prices to boost market share05 October 2015, Published under Cement NewsSino Zimbabwe has reduced the price of its cement products by 20 per cent to increase market share, according to reports by the Financial Gazette’s Companies & Markets. General Manager, Wang Yong, said they had reduced the price of PC15 cement from US$10 to US$8/50kg bag, with the hope that the new strategy will boost sales going forward. Sino-Zimbabwe Cement Company is a joint venture between the Industrial Development Corporation of Zimbabwe Ltd (IDC) and China’s CBMC. It operates one ... |