Cement News tagged under: Pricing
Price increase for Karachi market, Pakistan28 April 2014, Published under Cement NewsPakistan cement producers have increased the price of cement by PKR5/bag to PKR220-235/bag in Karachi, according to local retailers. “The latest increase is made after a gap of six to eight weeks,” vendor Muhammad Sohail told News International (Pakistan), adding that the previous increase of PKR5 per bag was made sometime in March. Commenting on the increase, an analyst said that the surge in development work in the country has provided room to the manufacturers to raise the price of th... |
Guangdong Tapai Group Co net profit jumps on higher prices22 April 2014, Published under Cement NewsGuangdong Tapai Group Co Ltd saw net profit reach CNY159m (US$25.5m) in the first three months of the year, rising 224 per cent YoY, the south China-based cement producer said on Monday. Operating revenue rose 12 per cent YoY to CNY880m. The company attributes the profit jump to a 23.22 per cent increase in the average selling prices over the first quarter of 2014. |
Steppe Cement 1Q14 market update, Kazakhstan18 April 2014, Published under Cement NewsSteppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and nine per cent, respectively. The company reported that the Kazakhstan cement market remained broadly similar compared to the same period of 2013, although the weather was colder this year compared to last. Steppe Cement's market share increased from 15 per cent in 1Q13 to 17 per cent in the first three months of the ye... |
Congo Rep to benefit from rising investment17 April 2014, Published under Cement NewsThe Republic of Congo is increasingly attracting foreign investment into its cement industry. By 2016 three further cement plants are expected to come online as the government aims to expand the country’s production base. Morocco-based CIMAF plans to build a cement works in Kouilou, Nigeria’s Dangote in Bouenza and India-headquartered Diamond Cement in Pool. With 4m inhabitants, Congo’s current cement demand stands at 2Mta. At present only a relatively small part of this is supplied by tw... |
China Resources Cement sees strong growth in attributable profit15 April 2014, Published under Cement NewsChina Resources Cement (CRC) has said it expects profit attributable to shareholders for the quarter ending 31 March 2014 to be significantly higher compared to the corresponding period of 2013. The improvement is mainly attributed to higher average selling prices (ASP) of cement and clinker as well as reduced coal costs compared to 1Q13. The company’s quarterly results announcement will be issued at the end of April. Macquarie Research has slightly lifted its target price for the compa... |
Hetauda Cement hikes prices, Nepal04 April 2014, Published under Cement NewsThe board of Hetauda Cement Industries Ltd decided on Tuesday to raise the price of cement due to increased raw material costs. The Nepalese-based cement producer is to increase prices by NPR28.25/bag (US$0.30), the Kathmandu Post reported. Following the revision, the price of a bag of cement will cost NPR684.78 for dealers while development projects it will be NPR696.08. The retail price has been fixed at NPR718/bag but will cost NPR840 in Kathmandu, according to the company. This is t... |
Texas Industries third-quarter net loss widens03 April 2014, Published under Cement NewsDuring the first nine months to the end of February, Texas Industries Inc saw turnover rise by 34.4 per cent to US$649.8m and the EBITDA advanced by 46 per cent to US$69m. After a more than doubling of the net interest charge from US$22.5m to US$52.2m, a US$2.8m merger charge and a 95.9 per cent jump in other net costs, the pre-tax loss rose by 47.8 per cent to US$41.7m and the net loss jumped by 98.9 per cent to US$39m. The net debt at the end of February was 2.8 per cent lower at US$611m... |
China cement prices ease26 March 2014, Published under Cement NewsCement prices in China eased to a national average of CNY361/t (US$58) by 28 February 2014, down from a recent peak of CNY373/t (US$60) on 20 January, according to figures from Digital Steel. The downturn was largely due to weakening prices in Central Southern and Eastern China. Meanwhile, the industry's inventory ratio climbed to 72 per cent by end-February, up from a trough of 62 per cent on 8 November 2013. Figures from the National Bureau of Statistics show output rising by 10.8 per cen... |
West China Cement ratings upgrade25 March 2014, Published under Cement NewsMoody's Investors Service has changed the outlook of the B1 corporate family rating and B1 senior unsecured bond ratings of West China Cement from negative to stable. At the same time, the research house has affirmed both ratings. "The change in outlook to stable reflects an improvement in WCC's debt leverage and a slowdown in its capital expenditure," said Jiming Zou, a Moody's Assistant Vice President and Analyst. In addition, Moody's pointed out that the acquisitions made by WCC in ... |
Iran cement prices set to increase19 March 2014, Published under Cement NewsIranian cement prices are set to increase by 14-21 per cent in the next Iranian calendar year (starting 21 March 2014), local press have reported. The Iran Cement Producers Association and the Industry, Mine and Trade Ministry earlier this year signed an agreement allowing the association to decide on prices, Iran’s ISNA News Agency reported. During the current year, prices rose by 14-21.5 per cent. The country produced 58.226Mt of cement in the first 10 months of this year, of whic... |