Cement News tagged under: Pricing
Kinshasa cement prices surge on cement shortage27 September 2024, Published under Cement NewsA lack of supply is driving up cement prices in Kinshasa, Democratic Republic of Congo. The price of a 50kg bag of grey cement has increased to XAF40,000 (US$67.91), up from XAF33,000. The Ministry of National Economy has attributed the price rise to the scarcity of the product on the capital’s market due to the strike of truck drivers serving the RN1 road from Kinshasa and Matadi. Deputy Prime Minister and Minister of National Economy, Mukoko Samba, has warned cement distributors not to... |
BUA's pricing strategy comes sunder scrutiny amid Nigerian housing deficit02 September 2024, Published under Cement NewsBUA Cement ’s pricing strategy has come under scrutiny as part of the ongoing debate over high cement prices in Nigeria. Abdul Sam Rabiu, chairman of BUA Cement, addressed the issue at the company’s 8th annual general meeting in Abuja, Nigeria. He attributed the escalating cement prices to middlemen, who have been selling cement at bag prices far above the intended NGN3500 (US$2.19), with some selling for as much as NGN8000. Mr Rabiu noted, “We were selling cement at NGN3500 with the ... |
Dry season drives DRC price drop15 August 2024, Published under Cement NewsThe price of grey cement in Mbuji-Mayi, Kasai-Oriental province, Democratic Republic of Congo, dropped from US$30/bag to US$22-23/bag. The drop has been attributed to an abundant supply during the dry season. Several depots in Meiji-Mayi are flooded with bags of grey cement from Kinshasa, Likasi (Haut-Katanga) and Kolwezi (Lualaba). Trucks have been taking advantage of the dry season while transportation by ship from Kinshasa to Ndomba, Kabeya-Kamwanga, via Lusambo in Sankuru province. ... |
Sri Lanka considering price control for cement02 July 2024, Published under Cement NewsSri Lanka’s Trade Minister Malin Fernando said the country was considering the introduction of price controls on cement. The step followed cement companies’ announcement that they would be reducing prices by LKR150 (US$0.50) to LKR2250/bag. Mr Fernando said: “I don’t accept this reducing the price by 150, I want the maximum retail price to be 2000-2500.” “We will announce a maximum retail price as soon as the companies discuss,” Fernando said. “If they do not comply, the consumer affairs ... |
BUA's Sokoto Line 5 begins production20 December 2023, Published under Cement NewsProduction has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of 2024, reports The Capital. The new line at Sokoto takes BUA’s total cement production capacity c... |
Asian producers warned over carbon price liability05 December 2023, Published under Cement NewsAsian cement companies will see consistent negative margins in the next decade if they do not decarbonise, according to a report by the Imperial College Business School. The report, published in partnership with the Singapore Green Finance Centre, explored the financial impact of decarbonisation on Asia’s cement and steel companies covered by selected Asian Emission Trading Schemes. Researchers Dr Anastasiya Ostrovnaya, Antigoni Theocharidou, Julian Smart, Jan Ahrens and Dr Bob Buhr c... |
Fears raised over cement price hike in Nigeria26 September 2023, Published under Cement NewsThe Cement Producers Association of Nigeria has praised the Nigerian government’s commitment to introduce concrete roads but warned that supply issues could push cement prices to NGN9000/bag (US$11.54/bag). According to Punch, cement in Nigeria currently sells at around NGN5000/bag, but a lack of supply could force prices much higher. Instead, the association has urged the government to place more attention to road design to encourage the use of both cement and asphalt pavement. “While we c... |
Taiwan Cement fined for price fixing22 February 2023, Published under Cement NewsTaiwan Cement Corp (TCC) is one of 18 firms fined a combined TWD213m (US$7m) for forming a ready-mixed concrete (RMC) price-fixing cartel, accord to Taipei Times. Since 2018 the companies have regularly met in person and messaged via apps to control the supply of RMC and drive up prices, reports the Fair Trade Commission. TCC faces an individual fine of TWD50m but has said that it will appeal against the ruling. “TCC’s ready-mix concrete quality and price have been considered to be the ... |
What a year that was...03 January 2023, Published under Cement NewsGlobal cement consumption declined by more than five per cent in 2022 – a level not seen since the 1970s. As a new year starts, BNP Paribas Exane provides a first look at what can be expected in the global cement sector in 2023. While some challenges remain, it appears that some headwinds are at least subsiding. By Paul Roger, BNP Paribas Exane. Figure 1: EBITDA scenario, 2022E Last year was quite a rollercoaster. Global cement consumption fell by 230Mt or over five per cent – d... |
Improving outlook for Indian producer profitability29 June 2021, Published under Cement NewsRecent price hikes undertaken by cement manufacturers in India are expected to aid margin growth in the FY22, according to projections by brokerage house CLSA. Local producers have implemented consecutive price increases in March, April and May, and CLSA believes the sector's profitability outlook has improved, stated a report by Indian business news publication Mint. CLSA expects industry EBITDA/t to increase by three per cent YoY in the FY22. However, CLSA cautions that some of the discr... |