Cement News tagged under: Pricing
Gansu Qilianshan hit by declining prices, China10 August 2012, Published under Cement NewsGansu Qilianshan Cement Group Co said that its net profit attributable to shareholders plunged 89 per cent YoY to CNY26.49m (US$4.2m) in the first half of this year due to a sharp fall in selling prices Basic earnings per share for the period were CNY0.06, less than CNY.52 it booked in the corresponding period of last year. According to a statement filed with Shanghai Stock Exchange, the company saw its operation revenue reached CNY1.86bn for the period, reflecting a YoY increase of 10... |
Indian cement prices ease09 August 2012, Published under Cement NewsIndian cement prices have started to ease over the past two weeks, declining by an average of two per cent, according to reports in the Business Standard of India. Markets had been witnessing a continual increases despite the Competition Commission of India’s cartel ruling back in June However, the average nationwide price of cement has fallen from INR310/50kg bag to INR304/bag. Heavy rains and floods in the northeast and states like Bihar and Uttar Pradesh have resulted in prices comi... |
Tanzanian production costs seen coming down, competition to increase08 August 2012, Published under Cement NewsCement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector Local Listed Companies” by Tanzanian Securities indicates that due to the expected entry of three new players, prices are also seen declining. "We see an improvement in energy supply, introduction of new sources of energy and stabilisation of energy prices in the country as a special opportunity for cement producers"... |
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |
European cement majors: first half trends06 August 2012, Published under Cement NewsThe last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes. In terms of market performance, wes... |
Lafarge Malayan Cement confirms price hike01 August 2012, Published under Cement NewsLafarge Malayan Cement (LMC) has confirmed it will raise the price of cement effective today, 1 August, due to rising manufacturing and delivery costs, which is expected to bode well for the company’s margins from next year, according to analysts. "The decision was made unilaterally and taking into consideration our increasing costs associated with manufacture and delivery of cement, which we have endeavoured to absorb over the years," its executive director Chen Theng Aik has told SunBiz... |
Shree Cement fined by regulator for price fixing, India31 July 2012, Published under Cement NewsShree Cement Ltd has been fined US$72m by the Competition Commission of India (CCI), the watchdog said in a statement, making it the 12th cement company to be fined for cartel practices. Shree Cement has been fined INR3.98bn (US$72m), the equivalent of 50 per cent of its net profit for the financial years ending in 2010 and 2011, the CCI said in the statement. In June, 11 cement makers were fined a combined US$1.1bn by the CCI in June for collusion and price fixing, the biggest penalty... |
Builders Association urges government to look into price hikes, Malaysia30 July 2012, Published under Cement NewsThe Masters Builders Association of Malaysia (MBAM) has urged the government to look at a possible rise in cement prices which is expected to impact the local construction sectors. The MBAM said in as statement that it had been notified by a major cement producer that the price of a bag of cement would increase to MYR17.75/bag from MYR16.75 as of 1 August 2012, while the price of bulk cement would be hiked from MY$320/t to MYR340/t. “MBAM appeals to the Government, in particular the Domes... |
Pakistan cement exporters earn US$499m in FY2011-1225 July 2012, Published under Cement NewsPakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding period last year, according to data released by Federal Bureau of Statistics. This shows that cement exports fell by 11.21 per cent in terms of quantity but rose 9.06 per cent in dollar value over the corresponding period last year, respectively However, on Pakistan rupee terms, exports increased significantly by 14.... |
Holcim could face 20% fine, Brazil25 July 2012, Published under Cement NewsHolcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter. Holcim may receive a fine of as much as 30 percent of Brazil revenue in that year, Roland Walker, a company spokesman, said in an e-mail, declining to give the sales figure. C... |