Cement News tagged under: cement prices
CRH revenues rise to US$22bn on stronger US construction activity17 November 2016, Published under Cement NewsIn a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f... |
India: Telangana State Housing Corporation signs cement price MoU03 November 2016, Published under Cement NewsThe State Housing Corporation of Telangana has signed a memorandum of understanding with local producers to fix the price of supplied cement at INR230/bag (US$3.45), the New India Express reports. The rate includes loading, transportation, unloading and all taxes. The average price of a bag of cement in India was INR285-290/bag at the beginning of the year, but substantially higher in Telangana and other southern states at around INR350/bag. The State Housing Corporation is currently u... |
Uganda: Kampala Cement’s investors revealed19 October 2016, Published under Cement NewsKampala Cement, Uganda’s newest cement company and the country’s third, is jointly-owned by two local investors, Charles Mbire and Rajinder Singh Baryan, according to an article in the New Vision newspaper. Baryan’s investment was known from the start as Kampala Cement and from the outset associated with his Multiple Industries Group. Mbire’s involvement was hitherto unknown, and the industrial clout wielded by both men gives Kampala deep pockets. Kampala Cement began production in 201... |
Ghana: cement companies cut prices to win market share07 October 2016, Published under Cement NewsImproving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb reports. Following Dangote Cement’s decision to reduce its price by GHS1.00/bag (US$0.25) in September, Ghacem and others have followed suit, driving down prices throughout the country. The Ghanaian market is dominated by Ghacem, Dangote and WACEM/Diamond, although GhanaWeb’s investigations found that cement impor... |
China: cement prices to remain strong in 2H1627 September 2016, Published under Cement NewsChinese cement prices are predicted to rebound strongly in the remaining three months of the year, say analysts, thanks to rising domestic home prices, which have also boosted the share prices of cement manufacturers listed in the mainland and in Hong Kong. Total revenue of the 17 cement makers listed in the A-share market grew 4.8 per cent in 2Q16, while net profit hit CNY4.81bn (US$721m) reports South China Morning Post. Growing numbers of mortgage applications have pushed up the avera... |
Mozambique: cement prices soar23 September 2016, Published under Cement NewsThe price of cement has risen sharply in the northern Mozambican province of Nampula, with retailers across the province charging MZN480 (US$6.30) for a 50kg sack, compared with MZN350 (US$4.50) just three months ago. In July the price rose from MZN350 to MZN380, followed by a further rise in August to MZN450, and to MZN480 at present. Some establishments in Nampula city are even charging MZN500. Worse still, some retailers appear to be illegally altering the weight of the sacks, reported ... |
Rwanda: dealers and developers call for Cimerwa price drop19 September 2016, Published under Cement NewsCement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cement is cheaper than the one made locally need to look at one thing: what is cheap is cheap because t... |
Nigeria: Bricklayers threaten protest over cement prices12 September 2016, Published under Cement NewsThe Lagos State Bricklayers Association have called on the Nigerian government to take action to lower cement prices, the Nation reports. According to the newspaper, if the authorities do not succeed in bringing down the cost of cement by 20 September, bricklayers will hold a rally in Nigeria’s largest city to air their grievances. President of association, Deacon Abel Olukayode, stated: “We have been lamenting over rising incidents of building collapse in the country. Are we not going... |
Ethiopia: Dangote plant attracted with cheap power deal08 September 2016, Published under Cement NewsDangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun... |
Nigeria: cement prices in Lagos rise by over a third31 August 2016, Published under Cement NewsThe price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise of around 40 per cent on previous prices. Kunle Awobodu, vice-president of the Nigeria Institute of Building (NIOB), said: “Clients, contractors and quantity surveyors may have disagreements due to price variations. New price on old contracts in a competitive bidding may eventually lead to sub-standardisation in con... |