Cement News tagged under: Prices
Russian cement producers warn of escalating costs22 November 2023, Published under Cement NewsLeading cement producers in Russia have warned domestic regulators of a 17-30 per cent rise in production costs next year, caused by continually increasing costs related to logistics, energy and personnel. The result will inevitably lead to a rise in cement prices over the coming several months, they caution. Representatives of Soyuzcement, the national cement manufacturing union, have already sent a letter to Russia's Ministry of Economy and Ministry of Industry and Trade, informing the ... |
Shree Cement pledges to boost share of premium products16 November 2023, Published under Cement NewsShree Cement plans to expand the share of premium products as part of its total sales to 12 per cent over the next six months. This compares to just 9.5 per cent in the 2QFY23-24. According to the company, this will be achieved through the “right pricing”, reports The Hindu Business Line. In the 2QFY22-23, premium products accounted for 7.5 per cent of trade sales. “Regarding premiumisation, our focus is on the right pricing. The volumes will come later,” says Hari Mohan Bangur, chai... |
CNBM issues 9M23 profit warning18 October 2023, Published under Cement NewsChina National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY contraction in profits over the nine-month period. The decline has been blamed on falling cement prices. |
Italian cement production slips 1% in July05 October 2023, Published under Cement NewsItaly’s cement producers decreased their output by one per cent in July 2023 when compared with the previous year, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value advanced from 98 in June to 101 in July. In the first seven months of 2023 production fell by four per cent YoY. However, cement prices increased nine per cent YoY in July 2023, representing a deceleration in price rises from 13 per cent in June 2023. Compared ... |
BUA to slash cement prices18 September 2023, Published under Cement NewsBUA Cement has announced plans to lower cement prices from NGN5000-5500/bag (US$6.39-7.02/bag) to NGN3000-3500/bag, according to local press reports. AbdulSamad Rabiu, chairman of the BUA Group, said the move is part of the company’s commitment to help reduce the financial burden on the Nigerian population. With two new lines of 3Mta each due for commissioning by the end of 2023, taking the group’s total cement capacity to 17Mta, the cement producer intends to reduce the price of cement... |
Italy’s cement exports see 28% rise in May05 September 2023, Published under Cement NewsCement production in Italy increased by four per cent YoY in June 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value advanced from 93 in May to 98 in June. However, in the first six months of the year output was down five per cent when compared with the 6M22. However, cement prices increased 11 per cent YoY in June 2023, following a 13 per cent YoY rise in May 2023. Compared with the 2015 base index, prices slipped from... |
BUA Cement says new plants will drive down cement prices04 September 2023, Published under Cement NewsBUA Cement has said that it hopes the completion of its two new plants this year would result in the lowering of cement prices in Nigeria. The company plans to add 6Mta of cement production capacity by the end of 2023 with the opening of Line 3 at its Obu plant and Line 5 at its Sokoto plant, according to Punch. Contractors in the country have reportedly been complaining to the government over the high cost of cement, suggesting that imports would be cheaper. The Minister of Works i... |
Dangote defends price criticism30 August 2023, Published under Cement NewsDangote Cement has defended recent criticism of its cement prices saying they are in line with or lower than prices across the rest of the West African coast, reports The Punch. The company has come under fire for increasing the price of its cement in Nigeria, in particular, putting it significantly more expensive than in the likes of Benin - a claim refuted by the company, which says its prices in Nigeria have not risen and points out that it is important to distinguish between Dangote’s ... |
Italy’s cement supply declines 13% in May, but prices see 13% increase02 August 2023, Published under Cement NewsCement production in Italy fell by 13 per cent YoY in May 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value increased from 90 in April 2023 to 93 one month later. Cement prices increased 13 per cent YoY in May 2023, following a 27 per cent YoY rise in April 2023. Compared with the 2015 base index, prices edged up from 208 in April 2023 to 209 in May 2023. External trade Grey cement imports saw a 13 per cent YoY dr... |
Sudden rise in Nigerian cement prices17 July 2023, Published under Cement NewsCement prices in Nigeria have risen suddenly, reportedly driven by high inflation that advanced to 22.4 per cent in May. In some markets, a 50kg bag of cement has increased in price from NGN4600-4700 (US$5.92-6.04) to NGN5000 in the space of a few days. According to The Guardian, the prices of building materials have increased by more than 70 per cent between 2022 and July 2023. Retailers have blamed this on higher logistics costs, along with higher fuel costs due to the removal of the fu... |