Cement News tagged under: Prices
Vietnamese cement sales expected to rise 8% in Jan-Apr 201923 April 2019, Published under Cement NewsIn the first four months of 2019, Vietnamese cement sales have been estimated to rise eight per cent YoY to 35.45Mt, according to the Vietnam Building Materials Association. This includes 21.65Mt sold domestically and a 23 per cent YoY rise in exports to 13.8Mt. Cement sales are expected to reach 9.18Mt in April, which is consistent with the previous year. Domestic sales and exports are forecast to reach 6.48Mt and 2.7Mt, respectively. Meanwhile, the price of cement during the Jan-April ... |
India sees rise in volumes for FY18-1929 March 2019, Published under Cement NewsIndia's cement industry saw a 13.6 per cent YoY increase in volume to 275.7Mt in the first 10-months of FY18-19, driven largely by rural and affordable housing, according to a report by ICRA. The growth was almost double the seven per cent forecast, however ICRA has stated that the increase is unlikely to translate into profit growth or improved margins due to the lack of any significant price increase and cost pressures placed on producers. At the pan-India level, prices in most markets w... |
Higher electricity costs to impact Vietnamese cement prices26 March 2019, Published under Cement NewsVietnam Cement Industry Corp (VICEM) has announced that its electricity costs will increase by VND20bn (US$855,730) per month, and therefore product prices are also expected to rise. Local producers have stated that they will raise prices by VND30,000-50,000/t. On 20 March power prices went up by 8.4 per cent to VND1864, exclusive of VAT, after remaining unchanged for two years. A household which uses 520kWh a month will now pay an extra VND83,000, according to Vietnam News. Vietnam Elect... |
The road to global leadership25 March 2019, Published under Cement NewsWith China’s One Belt, One Road initiative increasing momentum, demand for cement is set to rise. ICR speaks with Romain de Laubier and Arne Burfeind of Boston Consulting Group (BCG) to gauge the impact on the global cement industry and its drive to expand its production capacity. Romain de Laubier – partner and managing director at Boston Consulting Group, Paris & Tokyo ICR: How would you define China’s One Belt, One Road (OBOR) initiative, which is visibly gaining momentum? W... |
Global cement markets in 201904 March 2019, Published under Cement NewsLow macroeconomic visibility, slowing global growth, geopolitical risks and industry-specific questions such as the outlook for Chinese cement prices or rising CO 2 costs in Europe have presented challenges to cement market analysts worldwide in forecasting 2019. Following its 13th annual cement survey, Exane BNP Paribas sheds more light on the year ahead. By Paul Roger, Exane BNP Paribas, UK. Figure 1: cement volume scenario, 2019 The overall conclusions are not too bearish fo... |
Cement in the heart of Africa28 January 2019, Published under Cement NewsFollowing two particularly challenging years and considerable overcapacity, the cement industry in the Republic of Congo can look forward to better times. The government is set to increase investment in housing and public spending to advance the country’s infrastructure, and provide for its growing and young population. With 1.8m people, Brazzaville is Congo’s largest city and accounted for over 100,000t of cement consumption in 2017 The economic crisis in the Republic of Congo... |
Bangladesh: robust and stable16 January 2019, Published under Cement NewsLarge-scale infrastructure, growing urbanisation and strong foreign direct investment are fuelling rising cement demand in Bangladesh. But will it be enough to utilise production capacity as new plants come on-stream and existing works are upgraded and modernised? Bashundhara Cement’s Mongla plant has a production capacity of 2.65Mta, which, along with its 2.4Mta works in Madangonj, makes the company one of the largest producers in Bangladesh Bangladesh’s aspirations to becom... |
TCMA responds to concerns over upcoming price hike03 January 2019, Published under Cement NewsThe Turkish Cement Manufacturers' Association (TCMA) has responded to concerns raised by the Construction Contractors Confederation (İMKON) regarding a price hike of 40 per cent on cement products. "Despite the cost increases, our sector will not boost prices as high as 40 percent, just to stay within the scope of the overall anti-inflation program," said Nihat Özdemir, chair of Limak Holding and president of the TCMA. Regarding the alleged 40 per cent price hike, İMKON had stated that c... |
Challenges to grow in 2019 for Pakistan cement sector02 January 2019, Published under Cement NewsPakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to remain flattish in FY19 mainly due to higher base of FY18, reduction in allocation of the Public Sect... |
Fancesa lowers prices for Christmas21 December 2018, Published under Cement NewsFancesa’s 2018 Christmas campaign has seen the company lower its cement prices to BOB42/bag (US$6.07/bag) from BOB46 in Sucre, Bolivia. The company expects to meet its target of 90,200t of monthly cement sales in December, after record sales in November 2018 helped the company exceed its target by five per cent. |