Cement News tagged under: Pricing
Tamale cement prices and shortages addressed, Ghana16 March 2012, Published under Cement NewsCement prices in Tamale, the capital of the Northern Region of Ghana and the Tamale Metropolitan District, have risen above the official value to GHS20/bag (US$11.5), according to local media reports. A cement shortage has also been reported on the market, affecting ongoing construction works in the regional capital. Northern Regional Minister, Moses Bukari Mabengba, has held discussions with cement dealers and those citizens of Tamale affected by the shortage to assess the situation. ... |
Competition Commission settles with Lafarge, South Africa09 March 2012, Published under Cement NewsSouth Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six per cent of its 2010 turnover in the South African Customs Union (South Africa, Botswana, Lesotho, Swaziland and Nambia). The agreement follows a settlement reached by the Commission with AfriSam which will pay a fine of ZAR125m, or three per cent of its turnover in the same period. The commission has now vowed to purs... |
Tanzania: calls for uniform prices nationwide08 March 2012, Published under Cement NewsTanzanian cement producers are being urged to open their own depots in remote areas to bring down retail prices. Dr Cyril Chami, Minister for Industry, Trade and Marketing, said the time had come to ensure cement prices are uniform across the country. "Although the manufacturing firms incur transport costs in shipping the product to the market, they dispose it at retail prices that are not affordable to the ordinary people," said Dr Chami. He said producers should establish their own depo... |
Rises in Pakistan cement prices lower than other building materials23 February 2012, Published under Cement NewsAizaz Mansoor Shaikh, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has said cement prices have displayed a much lower increase over the last few years compared to other building materials and essential commodities. The News Tribe of Pakistan reports that on average, cement prices increased 6.28 per cent since 2000 to the first half of the current fiscal compared to steel rates raised by 15.90 per cent while the cost of bricks were up by 13.12 per cent. Mr Manso... |
Cement shortage hits Ghana’s Cape Coast22 February 2012, Published under Cement NewsA shortage of cement has been reported in the Cape Coast, central regional capital of Ghana as a result of faulty equipment at Tarkarodi Cement, according to local press reports. Retailers at Cape Code told City & Business Guide that customers are struggling to buy a bag of cement which is currently being sold for GHS18 instead of the previous GHS14. Kwame Mensah, a retailer at Sackey Cement Works said in an interview that they have not received cement since last week. |
Pakistan exporters hike Afghanistan prices by 25%27 January 2012, Published under Cement NewsPakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters to Afghanistan. Sales to this neighbouring market constitute about 30 per cent of DG Khan’s total ex... |
Mexican cement prices continue upward trend20 January 2012, Published under Cement NewsMexican cement prices in December were noted to reach one of its highest peaks and the rise has continued into the new year, according to local press reports. Results from a poll by Banamex, shows the average price of cement in Mexico has reached MXP123/bag, up 0.6 per cent over December prices. Most regions experienced a minimal price rise or remained unchanged except for the cities of Merida and Yucatan where they rose three per cent, while in Mexico City and Aguascalientes, prices wen... |
Pakistan cement cartel investigation17 January 2012, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement offices in Lahore to seize documents which could confirm collusive activities in an alleged cement cartel. The Business Recorder of Pakistan report that this is the second time the CCP has carried out such an inspection of the cement sector. This new investigation is due to the continued rise in prices over the cou... |
Spanish firms to pay fine on northern cartel16 January 2012, Published under Cement NewsA number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain. Cements Portland was ordered to pay a fine of EUR5.72m, followed by Beriain (EUR2.5m), Cetya (EUR1.14m), Vresa (EUR959, 277) and Cemex Espana (EUR502, 283), Cinco Dias reported. |
Ministry steps in to curb escalating Saudi prices12 January 2012, Published under Cement NewsSaudi Arabia’s Ministry of Commerce and Industry has intervened to curb a significant rise in cement prices in the western region of the country, Al Eqtisadiah business daily reports. At least 14 people involved in the alleged price fixing have been arrested following raids conducted at the start of this year by ministry inspection teams. A total of 10 trucks were also seized during raids on cement sales outlets in Jeddah and other parts of the region which were carried out in cooperation... |