Cement News tagged under: Prices
Trinidad prices to come down01 August 2012, Published under Cement NewsTrinidad Cement Ltd announced that a temporary surcharge imposed on bagged cement has been removed and that cement prices are expected to go down in the coming weeks. Speaking to local press, Satnarine Bachew said a 42.5kg bag of cement had increased by US$13 as the company was forced to raise prices two weeks after workers began strike action on 27 February. "The additional charge was driven by the higher cost of satisfying the local cement demand due to extenuating circumstances crea... |
China Resources Cement prices weaken in1Q201207 May 2012, Published under Cement NewsChina Resources Cement Holdings Ltd, the largest cement producer in South China, saw its average sales price decline 6% or RMB20/t Y-on-Y to RMB340/t in the first quarter of this year, noted Deputy Chairman Yu Zhongliang. Yu noted that the firm's gross margin narrowed to 20% during the low season. But he believes the company gross margin would reach 30% this year, as sales prices began to rebound at the beginning of April. Sales volume surged 33% from a year earlier in the first quarter ... |
Pakistan: FY12 to be a fortunate year for the entire cement industry04 May 2012, Published under Cement NewsPakistan cement sector profitability is on the recovery path due to higher local dispatches and rising prices. Low-tier companies are also on the way of recovery. Researching domestic sector profitability for 9MFY12 by reviewing the accounts of the 17 companies representing 98% of the listed sector market capital, leading brokerage house InvestCap Research has suggested that FY12 to date could be considerate particularly good year for Pakistani cement producers. The top line of the sector... |
Lafarge sees higher pricing in 201204 May 2012, Published under Cement NewsLafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amortisation in the three months to 31 March rose 8% to €516m (US$678.67m), while sales increased 5% to €3... |
India: cement prices falling pre-monsoon04 May 2012, Published under Cement NewsApart from in eastern India, cement prices are on a downward spiral across the country, suggesting the monsoon-time weak cycle has set in early this year. Dealers and industry sources said prices have corrected in the range of INR5-15/bag, or around 2%, of late as supply outstripped demand. The earlier price uptrend since February corrected from INR314-308/bag (US$5.80-5.70) in mid- to end-April. A cement dealer from Delhi said, “Demand from construction activity has been low. The most re... |
India: cement closures called in Rayalaseema02 May 2012, Published under Cement NewsThe Rayalaseema Rashtra Samiti, an organisation based in Proddatur of Kadapa district, has given a closure call for all cement factories in the four Rayalaseema districts on 23 May if the price per bag is not reduced to INR150 (US$2.80) from the current INR330 (US$6.24). Samithi president Kuncham Venkata Subba Reddy has sent out notices to the cement factories and also written a letter to Prime Minister, apprising him of the problems faced by people of Anantapur, Chittoor, Kadapa and Kurno... |
India: cement prices have started to weaken02 May 2012, Published under Cement NewsCLSA India says cement prices have started to drop across India, with dealers expecting more falls ahead, according to its India Reality Research survey. Cement prices have fallen by an average of 2% per bag since 15 April, with dealers citing rising inventories, while demand is being hit by "sluggish" construction activity. ACC has risen 6% in 2012, Ambuja Cements is down 4%, while Ultratech Cement is up 21% on a YTD basis, compared to 12.2% rise in Nifty. The outlook for the sector is... |
Cemex05 April 2012, Published under Cement NewsCemex is to construct a waste heat recovery plant at its Solid Cement’s Antipolo works in the Philippines. This will have a capacity of 6MW and is being constructed by a Chinese company, using it own technology. The company’s US volumes have benefited from favourable weather during the early months of 2012 and during the first two months of the year cement volumes were ahead by in excess of 20%. A US$5/t price increase was introduced in some markets in January and further price increases ... |
Venezuela cement prices rise 13.4%08 February 2012, Published under Cement NewsIn January the prices of construction materials in Venezuela increased 2.5 per cent largely as a result from a rise in prices in the steel and cement sectors. Statistics from the Central Bank of Venezuela (BCV), showing the wholesale price index of construction materials, shows that in one month cement prices increased 13.4 per cent. According to BCV figures, in 12 months cement prices accumulated a 28.1 per cent. In December, the government authorised an 80 per cent increase in the va... |
Increased power tariffs result in cement price hikes, Tanzania07 February 2012, Published under Cement NewsA recent rise in power tariffs by over 40 per cent has resulted in the price of Tanzanian building materials starting to also increase. A spot survey by local newspaper, ‘Daily News’ on Tursday showed that the price of Twiga cement sold by Tanzania Portland Cement Company (TPCC) has risen to between TZS14,500 and TZS15,500 per 50kg bag, depending on the location. This follows the company’s decision to increase prices to wholesalers last Monday, the paper reported. Agents now say the pr... |