Cement News tagged under: Pricing
Fiji issues cement price control order29 June 2021, Published under Cement NewsThe Fijian Competition and Consumer Commission has issued a price control order for cement following a legal notice on 18 June by the Minister for Commerce and Trade, Faiyaz Koya, according to The Fiji Times. "This order may be cited as the Fijian Competition and Consumer Commission (Control of Prices for the Supply of Cement Products) Order 2021," states the legal notice. "This order comes into force on 22 June 2021. "For the purpose of Section 39 of the Fijian Competition and Consumer C... |
Lafarge Africa looks to scale-up Nigeria's road infrastructure14 October 2020, Published under Cement NewsLafargeHolcim Africa hosted a webinar on approaches to rapidly upscaling Nigeria's Economic Infrastructure, yesterday. Nigeria’s Honourable Minister of Works & Housing Guest of honour, Babatunde Fashola, led the discussions emphasising that the government is committed to renew, review and increase Nigeria’s infrastructure. Babatunde Fashola argued that Nigeria stopped investing in infrastructure in the 1970s and that it must get back to investing something similar today by investing a s... |
Manaus cement plants face watchdog warning03 September 2020, Published under Cement NewsTwo cement plants in Manaus, Brazil, have received warnings from Procon, the consumer watchdog in the state of Amazonas. The organisation has requested clarification regarding prices charged since March 2020. Both plants have been given five days to present a defence and receipts to Procon, according to Esmerk Latin American News. The warnings follow the publication of studies that the price of cement in Manaus is higher than in seven other state capitals at BRL45 (US$11.73)/bag, compared... |
Cement prices in Punjab rise after trade suspension03 September 2019, Published under Cement NewsAfter the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo... |
Rise in India's cement prices falters18 June 2019, Published under Cement NewsCement price rises in India, which started in India, have started to reverse, according to LiveMint. In June average prices fell to INR361 (US$5.17)/50kg bag, down by INR7, according to Kotak Institutional Equities Ltd. Price reductions were mainly led by southern and western Indian companies, which reduced prices by INR8-11/bag MoM. The fall in prices can be attributed to a drop in demand in June. While in April volumes increased one per cent YoY to 28.7Mt, throughout the April-June q... |
Producers: cement prices unsustainable in Peninsular Malaysia17 June 2019, Published under Cement NewsCement prices in Peninsular Malaysia, which have been declining since 2016, have a reached an unsustainable level as production costs have increased, according to the country’s cement producers. While the Cement and Concrete Association of Malaysia said it cannot comment as cement prices are set by individual manufacturers independently, it highlighted the capital-intensive nature of the cement industry and the need to have a reasonable return on its investments to meet the expectations of... |
Ecebol to start cement sales in August13 June 2019, Published under Cement NewsBolivian state-owned producer Empresa Pública Productiva de Cementos de Bolivia (Ecebol) will start selling cement from its new Oruro works in August. According to the manager of the Development Service of Public Productive Enterprises (SEDEM), Patricia Ballivián, the current cost of the cement is the most expensive in the region and the company will serve to increase competition in the domestic market and set “a fair price” for the population and construction companies. “We already have... |
Namibia cement demand remains weak02 May 2019, Published under Cement NewsCompetition between cement producers has brought down prices as domestic demand remains fairly low when compared with increasing supply, according to First Capital. In March 2019 domestic production capacity has more than doubled to 2.2Mta, when compared with 1Mta in March 2018 as Whale Rock entered the market. However, local demand remains at 0.6Mta. This has led to a fall in prices with First Capital highlighting a drop of 10.4 and 10.1 per cent for semi- and high-strength cement, respe... |
Philippine DTI: no price cap on cement for now01 May 2019, Published under Cement NewsThe Philippine Department of Trade and Industry (DTI) has rejected the call for a price cap on local cement at present, but it may take action when prevailing market prices reach PHP240 (US$4.64)/bag. “There is no need for now. I’ll look into the numbers,” Trade Secretary, Ramon Lopez, told reporters Monday when asked if the government would intervene in the market and set a price cap for cement. “Let’s say prevalent price is PHP240, then, we can come in and put it back to PHP220-225,” he ... |
Lafarge Malaysia expects subdued demand, higher prices09 April 2019, Published under Cement NewsLafarge Malaysia expects subdued domestic cement demand to continue in 2019 but prices are anticipated to increase due to higher production costs. A report in the Edge Financial Daily states that the recovery in the property market will take longer as the oversupply overhang and affordability issue continues to plague the industry. The potential revival of the East Coast Rail Link (ECRL) project is positive for the group as it had secured a cement supply contract previously, the report ad... |