Cement News tagged under: cement prices
Mexico: cement prices rise 6.7% in 201525 February 2016, Published under Cement NewsCement prices in Mexico have risen 6.7 per cent in 2015, according to the National Institute of Statistics and Geography (INEGI). It is the highest price advance recorded since 2008. The increase has been attributed to the strength of the US dollar vs the Mexican peso. In 2015 Cemex, the largest cement producer in the country, hiked its prices by 10 per cent to protect its margins, a step which was quickly followed by other cement companies. In 2014 Cemex raised its prices by two per cent... |
Zambezi Portland lowers cement price22 September 2015, Published under Cement NewsCompetition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51. |
Dangote Cement02 March 2015, Published under Cement NewsDangote Cement has sent a team of experts to Nepal to study the feasibility of opening a cement plant there. The team is reportedly looking into sites in the Makawanpur and Dhading Districts where the company intends to open a 6000tpd cement plant by June 2017. Nepal currently consumes around 3.5Mta of cement, but this is expected to grow to 6Mta by 2020. In Ghana the worsening power crisis has forced Dangote to buy fuel for its standby generators, increasing its production costs. Accord... |
Dangote Cement03 February 2015, Published under Cement NewsNigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou... |
PT Indocement03 February 2015, Published under Cement NewsBuoyed by strong demand from Indonesia’s infrastructure sector, PT Indocement expects its cement sales to rise by 5-6 per cent in 2015. With work already underway on its new 4.4Mta brownfield plant, which is due to be operational by the end of this year, the company predicts a rise in production capacity from 20.5Mta in 2014 to 24.9Mta by the close of 2015. Following government instructions issued earlier this month to reduce cement prices, Indocement has slashed its average price from ID... |
Semen Indonesia03 February 2015, Published under Cement NewsPT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I... |
Egypt: cement prices hold firm as energy sources change27 November 2014, Published under Cement NewsCompanies have fixed their cement prices and are subject to regular ministry investigations and inspections, said Minister of Supply, Khaled Hanafy, in a Wednesday statement. Cement companies announce their prices by the third week of every month. The investigations are conducted at supply firms, factories, wholesalers and cement retailers to ensure their compliance with the prices they state, said the minister. Suez Cement (Italcementi Group), which operates Tourah, Helwan and Suez cement... |
Paraguay: cement price to fall 15%16 September 2014, Published under Cement NewsCement prices in Paraguay are forecast to fall 15 per cent and production raised by 18,0000 from its present 47,000 bags after several capital investments by Industria Nacional del Cemento (INC) are completed, according to Jorge Méndez, the cement company’s president. The largest investment relates to the fuel conversion of the kiln. “At present we are currently in the pre qualification stage of this project and will award the contract at the end of the year. The conversion will reduce co... |
Indonesia: electricity price rise alarms cement producers08 May 2014, Published under Cement NewsSurging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase cement prices this year and for PT Semen Indonesia to consider doing the same. The government began raising electricity costs on 1 May 2014 by either 38.9 per cent or 64.7 per cent, depending on businesses’ power consumption. Eamon Ginley, Holcim Indonesia president director, said that the cement-price increase was ... |
Pakistan producers raise cement prices05 May 2014, Published under Cement NewsCement prices in Pakistan have increased by PKR10/50kg bag from PKR525 (US$5.31) to PKR535. Cement companies, including DG Khan Cement, Lucky Cement and Falcon Cement have raised the price of a 50kg bag from PKR515.20 to PKR525.35. In June 2013, a 50kg bag cost PKR450 but after the budget announcement it rose to PKR500 in July as the sales tax regime was changed. Cement makers that are dependent on power from the national grid have attributed the rise to a hike in power rates by Nepra.... |