Cement News tagged under: cement prices
Cement prices rise in Tanzania as Twiga Cement suspends production17 August 2018, Published under Cement NewsCement buyers in Tanzania are finding it difficult to buy adequate supplies of cement since Tanzania Portland Cement Ltd (Twiga Cement) suspended production on technical grounds. In July the price for a 50kg bag of cement was US$5.60 but is reported to have risen to US$8.70 (TZS TZS20,000, despite the fact Tanzania has 12 cement factories which produce approximately 7.1Mta. Cement buyers are reported to be turning to Kenya for cheaper imports of cement, according to KTN News. |
Tanzania government meets with stakeholders over cement prices16 August 2018, Published under Cement NewsThe Tanzanian government called an emergency meeting with stakeholders in Dar es Salaam to discuss the rising cement prices and the lack of product availability in the country’s market, according to a report in The Citizen. The closed-door meeting was chaired by the Deputy Minister for Industries, Trade and Investment, Stella Manyanya, who wanted producers to explain why there was scarcity of cement in the market. "We conducted a quick survey in the market and established that cement i... |
Cimerwa plant upgrade should see cement prices start to fall25 July 2018, Published under Cement NewsCimerwa expects its cement plant upgrade to stabilise the domestic market after shortages sent the price of a bag of cement up nearly 50 per cent in recent months. Rwanda has resorted to importing cement from neighbouring countries such as Uganda and Tanzania to cover the shortages. Bheki Mthembu, CEO of Cimerwa, told Reuters the company carried out maintenance and upgrade works on its plant in April and May, which had now been completed. The US$3.3m maintenance and upgrade programme at Cim... |
Northern players increase price by PKR1019 July 2018, Published under Cement NewsPakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details were given to justify the increase. The northern zone represents around 80 per cent of the total produc... |
Strike held in Mizoram against rising cement prices13 July 2018, Published under Cement NewsAll Mizoram cement and iron rod dealers on Wednesday observed a daylong strike across the northeast Indian state to protest a hike in cement prices by three companies – Dalmia, Star and Topcem. The strike was called by the All Mizoram Cement and Iron Rod Dealers' Association (AMCIRDA) and was strictly observed in all parts of the state, said the association's Secretary, Henry Lalbiakzinga. The leader said the three cement companies have recently hiked the prices of cement in Mizoram from ... |
Cahya Mata Sarawak defends its cement pricing06 July 2018, Published under Cement NewsIn response to a motion moved by Pujut Assembly man Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is incorrect to say the company has a monopoly over the production and sale of cement in Sarawak, Malaysia. CMS stated that contrary to the assertion made by Ting that since June 2016, one bag of 50kg cement is sold at MYR21.50 (US$5.32) in Sarawak, but at MYR17.30 (US$4.28) in Sabah, the true figure quoted by the Malaysian Department of Statistics is MYR20.37 for a 50kg bag of... |
Hima Cement forecasts prices to fall in Uganda14 June 2018, Published under Cement NewsNicholas George, Hima Cement Country CEO, has stated that cement prices in Uganda will fall some more as new capacities, such as Hima's 1.7Mta expansion in Tororo, come on-stream. Mr George said the period of rising cement prices was over. Speaking to the Daily Monitor, he said: "The country was faced with rising cement prices for about one month. But it is over. It was an accumulation of different parameters, all arriving at the wrong time. But with the new capacities in the market, the ... |
Senegal cement price sees 10% hike31 May 2018, Published under Cement NewsCement prices in Senegal have been rising by XOF5000/t (US$8.93/t) in the last fortnight. The ex-works price of 32.5-grade cement has increased from XOF50,800/t to XOF55,800/t while for 42.5-grade product the current ex-works price is XOF60,400/t, up from XOF55,400/t. The price rises have been attributed to a new tax imposed by the Senegalese government. It follows a XOF3000/t price hike in January 2017. |
Ugandan government calls off plans for imports30 May 2018, Published under Cement NewsUganda's government has back-tracked on initial plans to call in cement imports because local manufacturers have stablised prices. Yesterday, the Trade, Industry and Cooperatives Ministry Public Relations Officer, Khadijah Nakakande, said that cement prices had fallen and that government would no longer invite external players to import cement. "The cement prices have gone down and we understand a bag is now at UGX32,000 (US$8.50) around where it was before the crisis. There will be no... |
Uzbekistan announces measures to stabilise cement prices10 May 2018, Published under Cement NewsUzbek President, Shavkat Mirziyoyev, has signed a resolution "On Additional Measures for Stable Provision of the Internal Market with Cement," designed to give stability to Uzbekistan's cement market. The document emphasises that the volume of cement production in Uzbekistan and the pricing mechanisms for the product have a negative impact on ensuring the quality and timely completion of the construction of facilities. In accordance with the document, monopoly enterprises will sell 2Mt ... |