Cement News tagged under: international
KFTC fines 26 manufacturers for cartelisation16 April 2018, Published under Cement NewsThe Korea Fair Trade Commission (KFTC) has announced that it levied KRW15.37bn (US$14.64m) of fines on 26 cement manufacturers for cartelisation activities, according to Korea JoongAng Daily. The KFTC stated that the manufacturers had colluded to set the prices of ready-mix concrete provided to smaller construction firms between 2009-16. As a result, the prices of the construction material have been on the rise, according to the watchdog. The KFTC has referred the 26 companies to state p... |
Cement prices rise in northern Pakistan16 April 2018, Published under Cement NewsCement prices in Pakistan, after registering a drop of almost 10 per cent over the last nine months, have started to increase in the northern region. Prices rose by PKR20 (US$0.17) on average, while prices have remained stable in the south. In Lahore the multiple brands of cement bags available have increased from an average of PKR505/50kg bag to PKR525. |
CANACEM to ask presidential candidates for continuity16 April 2018, Published under Cement NewsMexico’s National Chamber of Cement (CANACEM) will ask presidential candidates for continuity in the economic model and investments projects, reports Noticias Financieras. Mauricio Doehner, president of the organisation, has said that its members will seek dialogue with the candidates to present its needs. "[…] [W]e believe that we should continue with an economic model such as the one of expansion, inclusion, housing, infrastructure, so we are doing work groups, so we will be able to pres... |
Saudi Arabia cement sales fall 11% in 1Q1813 April 2018, Published under Cement NewsSaudi Arabia's total cement sales for 1Q18 stood at 11.8Mt, down 11 per cent YoY and one per cent QoQ. The combination of weak demand and high inventory levels forced the companies to seek other solutions such as entering other regions within the kingdom as well as exporting with low selling prices. Yanbu Cement’s low cash cost per tonne gives the company the ability to export at lower prices, which is likely not possible for other companies to replicate, says finance research group Al Raj... |
Mexican cement output growth to slow to below 3%13 April 2018, Published under Cement NewsThe cement sector is expected to grow by 2.5 per cent YoY in 2018 as public and private infrastructure investments are postponed for the electoral year, according to the President of the National Chamber of Cement (CANACEM), Mauricio Doehner. "It's a year in which there is some uncertainty and people, as they say colloquially, it pays to wait. There are investments that are being put on hold to see what will happen after 1 July, and based on that investment decisions will be made, "he said... |
Decision to fine six Polish cement companies upheld13 April 2018, Published under Cement NewsAfter nine years, the decision of the Polish Office for Competition and Consumer Protection (UOKiK) to fine six manufacturers for alleged collusion has been supported by a court of appeal. The total fine, PLN411m (US$121.33m), has been reduced to PLN280m following the appeal, according to PNB. Amongst the fined companies are Grupo Ozarow (PLN92.5m), Cemex Polska (PLN69.4m), Gorazdze Cement (PLN51.3m), Dyckerhoff Polska (PLN31.4m), Cementownia Warta (PLN23.2m) and Cementownia Odra (PLN12m).... |
Polish cement market to grow 6-7% in 201812 April 2018, Published under Cement NewsCement demand in Poland is expected to grow by 6-7 per cent in 2018. This would bring domestic demand to 18Mt, according to the Association of Cement Producers (SPC). SPC estimates show that in 2017 domestic consumption reached 17Mt, up seven per cent YoY. After a poor first quarter, construction picked up in April and the housing market showed positive growth. Road and rail construction saw a revival and industrial construction reported solid growth. Going forward, the construction m... |
Sinoma Engineering joins the WCA12 April 2018, Published under Cement NewsSinoma Engineering has joined the World Cement Association. "We are delighted that Sinoma Engineering is joining the WCA as we are eager to work with all stakeholders in the industry, not just cement producers alone," said Norman Greig, Secretary General of the World Cement Association. "The insights Sinoma Engineering will be able to share with our diverse membership will offer a different context and perspective on the challenges and opportunities our industry is facing," added Mr Greig. |
Landed petcoke prices could increase by 6% in India11 April 2018, Published under Cement NewsIn India the landed cost of petcoke could increase by 5.6 per cent as a result of the import duty hike, reports Nirmal Bang Institutional Equities. The import duty on the fuel was raised in December 2017, increasing from 2.5 to 10 per cent. The price of petcoke imported from the US reached a multi-year high of US$117/t in March 2018 and is expected to rise further. The increased prices may not significantly change the demand for petcoke, since alternatives are equally expensive. Howeve... |
Ugandan cement producers given three weeks to lower prices11 April 2018, Published under Cement NewsUganda's Government, through the Ministry of Trade and Cooperatives, has vowed to allow cheap imported cement into the country if local cement manufacturers do not lower prices. Trade minister, Amelia Kyambadde, says the manufacturers in Uganda have three weeks to lower the prices. "We have given them an opportunity until May. If by May the prices have not gone down......but even May is very far. We also have to protect them because these are the few industries that we have," said Ms Kyam... |