Cement News tagged under: cement price
Cement prices in Niger expected to see significant drop18 October 2024, Published under Cement NewsCement in Niger is expected to be sold at significantly lower prices following the signing of an order determining the special tax regime applicable to importing, producing and marketing CEM II 32.5 grey cement. The order was signed by Brigadier General Abdourahamane Tiani, president of the country's National Council for the Safeguarding of the Fatherland, on 14 October 2024 and includes a total exemption from the tax on financial activities (TAFI) on accrued interest not yet due on loans. C... |
Egyptian cement producers request 10% cut in production capacity22 August 2024, Published under Cement NewsSeveral Egyptian cement companies have submitted requests to the Egyptian Competition Authority (ECA), seeking renewal of the decision to cut production capacity by 10 per cent for quantities allotted to the local market without exporting, an official at ECA told Asharq Business. The official noted that they are currently evaluating the submitted requests to ensure they meet the needed requirements. The market is characterised by overcapacity and cement producers want to restrict supp... |
Cement prices in Egypt up 20% in August21 August 2024, Published under Cement NewsCement prices in Egypt have increased by 20 per cent since the 1 August after cement producers reduced their production, said Ahmed El-Zeini, head of building materials at the Federation of Egyptian Chambers of Commerce. The price increase ranges between EGP200-500/t with the final price for end consumers reaching approximately EGP3000/t. Mr El-Zeini said that cement plants have been informing their agents of price hikes every week since the beginning of the month. |
Dominican cement price rise affects housing construction01 July 2024, Published under Cement NewsIn the Dominican Republic, cement prices, as represented in the Direct Cost of Housing Construction (ICDV), have increased by 49.3 per cent between January 2020-April 2024, according to the Dominican Association of Housing Builders and Developers (Acoprovi). This is causing inflationary pressures and increasing the cost of housing construction as cement represents 18 per cent of construction costs. In 2024 to date cement prices have advanced by eight per cent with an extra six per cent ant... |
Ghana sees cement price hike07 May 2024, Published under Cement NewsCement traders are seeing price hikes despite stable fuel prices, according to Ghana Business News. All three grades of cement produced by Ghana Cement (Ghacem) have seen an upward trend. A bag of Super Cool cement increased from GHS82 (US$5.95) to GHS88 while Super Rapid now sells at GHS95, up from GHS87. Super Strong cement is now supplied at GHS105 from GHS95. The price of iron rods has also been reported to have increased from GHS6500/t to GHS700/t or more. Meanwhile, Ghana's stat... |
INC drops Paraguayan cement prices17 October 2023, Published under Cement NewsThe price of cement produced by Paraguay’s Industria Nacional del Cemento (INC) will be reduced by PYG2000/bag (US$0.27/bag) and by up to PYG40,000/t for bulk cement, according to the country’s president Santiago Peña. “The construction sector is key to generating jobs, that is why we achieved a reduction of PYG2000/bag of cement produced by the INC, in all types and up to PYG40,000 less in bulk,” said Mr Peña. Composite Portland cement (CPII-C40) will be sold at PYG55,000/bag, while the ... |
Forex shortage leads to cement scarcity in Malawi08 August 2023, Published under Cement NewsMalawi’s Minister of Finance and Economic Planning, Sosten Gwengwe, has attributed the scarcity of cement in the country to a shortage of foreign currency. He was responding to a question in parliament of Rumphi West Member Yona Adadawiza Mkandawire who suggested that the government should encourage cement imports. He said that the ministry has engaged the Reserve Bank to support local producers of cement and other key products. “It is these local producers who are generating forex, theref... |
New cement price rises expected in South Korea01 June 2023, Published under Cement NewsSouth Korea’s cement industry is likely to increase cement prices by 14 per cent from July, citing the impact of sharply rising electricity prices and currency exchange rate as the main drivers. Ssangyong C&E Co , one of South Korea’s key cement producers, recently sent a letter to concrete suppliers stating its intention to increase bulk prices by 14.1 per cent to KRW119,600/t (US$90.36/t )from KRW104,800/t, according to local reports. The country’s other six cement producers are now e... |
Fijian cement prices fall11 May 2023, Published under Cement NewsFijian cement prices are set to fall following the decline in prices for imported clinker. Pacific Cement PTE Ltd will implement new prices for its general blended bag cement and general-purpose bulk cement in Fiji this week, said the Fijian Competition and Consumer Commission (FCCC). “FCC has issued an Authorisation to Pacific Cement PTE Ltd, authorising General Blended Cement and General Purpose Bulk Cement, decreasing by 11.29 and 14.23 per cent respectively,” said the FCCC. “The ... |
TCL raises cement price20 March 2023, Published under Cement NewsTrinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47.83/bag. “Cement prices are in fact set to be marginally adjusted, taking into consideration some of the rising cost factors with which TCL is faced,” said the company. While cement is locally produced and had not been affected by the same price volatility as lumber and steel, the cost of local inputs, which account f... |