Cement News tagged under: Prices
UAE: changing fortunes02 February 2015, Published under Cement NewsThe changing fortunes of the UAE, as it prepares to host Expo 2020 in Dubai, expands its infrastructure and addresses housing requirements, are envisaged to bump up domestic demand in the coming years. Meanwhile, exports have provided significant relief to local producers during recent years of scaled-back demand. The UAE’s construction sector is returning to form, with a number of major megaprojects in the pipeline and the ramping up of social infrastructure spend. Prestigious, la... |
Algeria’s expansion drive19 January 2015, Published under Cement NewsAs cement demand rapidly increases across north Africa, Algeria leads the region’s drive to increase its cement production capacity. Supported by an active housing and infrastructure construction sector, domestic cement demand is expected to remain high, offering plenty of opportunity for existing and new cement plants. Algeria’s housing shortage and a need for infrastructural development is expected to ensure a continued buoyant domestic cement market Algeria’s economy is on... |
Costa Rica: cement price rises up to 5% at end-201407 January 2015, Published under Cement NewsThe price of cement rose by 4.3-5 per cent at the end of December 2014, depending on supplier, according to the national daily La Nacion. The first to adjust prices, by five per cent upwards, was Cemex on 22 December, followed five days later by Holcim, which increased prices by 4.3 per cent. Both companies have attributed the increase to a rise in inflation, which reached 5.13 per cent at the end of 2014. Randall Murillo, executive director of the Costa Rican Chamber of Construction (CCC... |
Paraguay: INC plans to raise capacity07 January 2015, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) plans to increase its production capacity from 50,000 to 70,000 bags/day in 2015, according to Jorge Méndez, head of the company. This is expected to create a good supply to the market and lower prices by the end of the year. Although the company is forecast to have an accumulated deficit of nearly PYG1bn, due to successive years of losses, he assured that in 2014, the firm will produce a profit of PYG8000m. The change in fuel planned for... |
Mongolia on the move03 December 2014, Published under Cement NewsTo ensure an increasing domestic supply of the rapidly-expanding Mongolian cement market, existing producers are expanding and modernising their production base and new players are entering the market. In a transformation process not seen in the past three decades, Mongolia’s cement industry is clearly going places. Mongolian ALT (MAK) is building a 1Mta cement works at Khukh Tsav, Dalanjargalan district, Dornogovi While Mongolia remains among the world’s fastest-growing economi... |
Paraguay: cement price decrease expected17 November 2014, Published under Cement NewsJorge Méndez, head of Paraguay’s Industria Nacional del Cemento (INC), announced a drop in cement prices for 2015-16. At present the price of a 50kg bag of cement is PYG42,000, but next year is expected to see the price fall to PYG35,000. The upcoming change has been attributed to production process modifications such as the plant’s new dryers and fuel switch at the Vallemí works. |
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |
Set for rationalisation?18 June 2014, Published under Cement NewsWith the construction sector predicted to grow by just 1.1 per cent in 2014, there is little for South Korea’s cement producers to look forward to. As the focus turns to overseas markets, cement exports are on the up, but how long can this strategy sustain the country’s cement overcapacity crisis? South Korea’s cement producers will need to find a long-term solution to their overcapacity woes as the domestic market has reached saturation point and export growth is unsustainable ... |
India: Telangana Government seeks cement price cuts17 June 2014, Published under Cement NewsOn Monday, the Telangana Government in southern India asked local cement companies to reduce prices. Chief Secretary to the Government, Rajiv Sarma, had asked the firms to rationalise the price in line with the demand. It may be noted that cement prices rose sharply after the formation of the new government in the centre and the two states and is hovering around INR280/bag (US$4.7) at present, marking an increase of INR60-80 in the last three weeks. According to sources, the industry capta... |
Russia: open to investment28 April 2014, Published under Cement NewsAttracting private and foreign investment is becoming key for Russia as prices in oil and natural gas come under pressure for funding state projects. Russia’s transition to a modern country will also require large volumes of cement and the ramping up of production capacity is already in full swing. In recent years, Russia has been building new, modern production capacity to replace old wet-process plants Russia’s economy continues to decelerate as consumer spending, key to the c... |