Cement News tagged under: Pricing
Improving prices forecast to raise margins, Pakistan03 April 2012, Published under Cement NewsPakistan cement industry is forecasted to earn good margins during the last quarter of the current fiscal as cement prices increase on rising sales volumes. According to a report by InvestCap, local cement manufacturer and exporter firm Fauji Cement (whose capacity has been increased by commissioning of a new 7200tpd plant in 1HFY12) would be the main beneficiary of an increase in prices followed by Lucky Cement, DG Khan Cement and others. The report noted that cement prices are on th... |
Changes to Philippine prices29 March 2012, Published under Cement NewsLocal cement producers, including global majors Cemex and Lafarge, have raised prices in the Philippines by PHP5/40kg bag due to rising fuel prices and the beginning of the peak construction season. Trade and Industry undersecretary for consumer welfare Zenaida C Maglaya said that based on last Friday's Price Monitoring report, prices of two brands of cement ' Republic (Lafarge) and Rizal (Cemex) increased by PHP5 from PHP200 to PHP205/bag now. However, the price of Holcim Philippines Inc... |
Indonesia cement price rise on the cards28 March 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik is considering increase cement prices along with other local producers to offset planned fuel and electricity costs. The government’s plan to raise the subsidized fuel price to IDR6000/litre as of April from the current IDR4500, coupled with a possible increase in electricity tariffs by 10 per cent, have been widely expected to boost prices across the board, increasing production and distribution costs. State-owned Semen Gresik’s President ... |
GCC's 2011 revenues up 14.2% YoY26 March 2012, Published under Cement NewsRevenues of GCC cement companies increased to US$4.6bn in 2011 from US$4bn in the previous year, a 14.2 per cent rise, a report by Global Investment House (GIH) said. Net profits, however, increased just two per cent from US$1.44bn in 2010 to US$1.477bn in 2011. In terms of performance by country, Saudi Arabia, Oman, UAE and Kuwait reported an increase sales during 2011, while Qatar saw a decline, the report said. The UAE which witnessed decline in sales revenue since 2008, enjoyed a 5.... |
Morgan Stanley bearish on China Building Materials Sector22 March 2012, Published under Cement NewsMorgan Stanley believes second quarter pricing for China’s building materials will still be lower than the first quarter as it expects 2Q demand seasonal recovery to be weaker than normal years due to the slowing construction pace of property developers. “We hold the view that developers will not reaccelerate construction activities until they have cleared their four-year high property inventories,” In addition, the supply side is facing pressure as well, especially from new capacity addi... |
Southern Cement improves market supply22 March 2012, Published under Cement NewsSouthern Cement Company Chairman Prince Abdullah bin Musaed bin Abdurrahman Al-Saud said the company has started implementing the royal decree related to cement prices. Addressing the company's General Assembly meeting held yesterday at the general administration building of the company in Abha, the prince said that the availability of additional fuel has enabled cement factories to produce more and improve its market supplies, thus checking the price-rise. The meeting approved distribut... |
China cement output rises 4.8%20 March 2012, Published under Cement NewsCement production from China rose by 4.8 per cent in the first two months of 2012 to reach 216Mt. However, growth slowed by 4.3 percentage points from the same period last year, the National Development and Reform Commission (NDRC) reported. In February, the average cement price was CNY376.5/t down, down CNY31 from December 2011 but up CNY5.5/t YoY. |
Indian government notes signs of cement sector recovery19 March 2012, Published under Cement NewsThe Indian government has noted a recovery in the cement sector and announced adjustments to the excise duty in its Union Budget 2012-13. While presenting the Union Budget 2012-13 (April-March) in parliament, Pranab Mukherjee, Minister of Finance said: "Data of last quarter of 2011-12, suggests that the economy is now turning around. There are signs of recovery in coal, fertilisers, cement and electricity sectors. These are core sectors that have an impact on the entire economy. Indian ma... |
Saudi Arabia sets prices19 March 2012, Published under Cement NewsSaudi Arabia has set the factory price of cement at SAR12/bag (US$3.20) and the retail price at SAR14/bag, the Saudi Press Agency reported, citing Minister of Commerce and Industry Tawfiq al-Rabea. The price of bulk cement has been fixed at SAR240/t, it said. Cement supply will grow 15 per cent annually after the ministries of petroleum and commerce agreed to provide the fuel to operate expansions at existing plants, the Riyadh-based news service said. Output from 13 cement companies i... |
Holcim Lanka’s alternative fuels option, Sri Lanka19 March 2012, Published under Cement NewsHolcim Lanka Ltd is beginning to use agricultural waste to generate power in the cement manufacturing process. Speaking to the Daily News Business, Chairman of Holcim Lanka, Manilal Fernando, said that the company is using rice husks, straw, agricultural waste and other waste materials to generate power. "This initiative has helped the company to reduce production cost by almost 30%," he said. Mr Fernando said that they are also currently doing research to save more energy by way of usin... |