Cement News tagged under: Prices
Association calls for lower cement prices in Nigeria12 July 2019, Published under Cement NewsOyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase access to affordable housing. In an interview with the News Agency of Nigeria, Mr Dauda stated that allowing more producers to operate in the market would make it more competitive. "There is the need for establishment of more cement manufacturing firms to help crash the price. Our observation is that high cost of c... |
Mounting challenges for Pakistan cement producers08 July 2019, Published under Cement NewsPakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e... |
ICRA expects Indian demand growth to slow28 June 2019, Published under Cement NewsIndian ratings agency ICRA is expecting cement demand growth in the country to taper to about seven per cent in the FY19-20, down from 13 per cent in the previous fiscal. The slow execution of infrastructure projects and availability of labour due to the general elections have both been issues, according to Sabyasachi Majumdar, senior vice-president of ICRA. In the upcoming September quarter, demand is expected to be low as a result of the monsoon season. However, consumption is foreca... |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
Egyptian cement sales decline 8% in 1Q1926 June 2019, Published under Cement NewsTotal cement sales in Egypt declined 7.7 per cent QoQ to 10.9Mt during the first quarter of 2019, while production decreased 8.1 per cent QoQ to 11.2Mt, according to the Central Bank of Egypt. The average price of cement slipped 0.8 per cent to EGP1190/t (US$71.2/t) in the 1Q19. |
Calls for higher cement prices in Sarawak to be investigated24 June 2019, Published under Cement NewsMalaysia’s Ministry of Finance has called for an investigation to determine whether monopolistic practises by the local cement industry in Sarawak is the cause of high cement prices in the state. "Cement is a basic building material and a drastic price increase will inevitably feed into the economy negatively, and eventually hurt consumers. At the same time, cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is ... |
Cement prices rise in Vietnam13 June 2019, Published under Cement NewsCement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has... |
Acquisition of Holcim Philippines may reduce cement prices17 May 2019, Published under Cement NewsThe Philippine’s Department of Trade and Industry (DTI) has stated that it expects San Miguel Corp’s recent acquisition of a majority stake in Holcim Philippines to result in lower prices of locally-produced cement. "We can expect more synergies in their operations, more economies of scale which will hopefully bring down their cost, prices. But we still expect some segmentation of the market because we all know that the Eagle brand is always lower than Holcim. Just like in any industry, d... |
RHI Magnesita raises refractory prices by 5% globally25 April 2019, Published under Cement NewsRHI Magnesita has announced a global price increase for its products and solutions across both the steel and industrial divisions of five per cent across its portfolio. "To further accelerate investment in technology, environmental solutions, regulatory demands and the production infrastructure necessary to serve our clients, we are adjusting our prices to sustainable levels. This will fully reflect the value of our investments in backward integration as well as our intense service-based mo... |
Cement shortage in Senegal intensifies24 April 2019, Published under Cement NewsTechnical issues at Sococim’s cement factory are affecting the company’s clinker supply and are impacting on Senegal’s cement output, according to Senegal Direct. The country has already suffered a shortage of the product and has seen prices increase from XOF3000 (US$5.13)/bag to XOF3300/bag. |