Cement News tagged under: pricing
Eagle Materials trading profit almost trebles, USA07 February 2013, Published under Cement NewsEagle Materials' turnover, including its share of the Texan cement joint venture with HeidelbergCement, rose by 22.7 per cent to US$366.32m for the six months to the end of September and the trading profit virtually trebled to US$53.35m. After a net interest 20 per cent lower at US$7.31m, the pre-tax profit jumped by 424.5 per cent to US$46.04m. Net debt of US$243.9m at the end of September represented 48.6 per cent of shareholders' funds compared with 59.4 per cent a year earlier. Eagle ... |
Lafarge Mauritius raises cement price by 7%06 February 2013, Published under Cement NewsLafarge Cement Mauritius Ltd has announced it will raise the price of a 50kg bag of cement following Holcim's move to increase prices by six per cent at the start of this year. Lafarge said it was raise prices from MUR170/bag (US$5.55) to MUR182 (US$5.94) on Monday. The company said the price increase was necessary due to a number of factors. Import, insurance and freight costs have risen by around 6.7 per cent and other costs have been subject to inflationary increases, says the cemen... |
Dyckerhoff improves cement profits in Russia and the USA04 February 2013, Published under Cement NewsPreliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show turnover edging ahead by 0.2 per cent to €1603m in 2012. Of this, 37 per cent was generated in Germany, 39 per cent in Eastern Europe and Russia, 11 per cent in the Benelux and 13 per cent in the United States. Group cement deliveries were 2.4 per cent lower at 15.53m tonnes, while ready-mixed concrete volumes were 7.3 per cent lower at 7.32Mm³. ... |
Indian prices see improvements in January01 February 2013, Published under Cement NewsIndian cement prices have improved through January following a sharp fall in December, the Economic Times of India reports. Delhi, Bangalore and Hyderabad proved to be the only exceptions with prices stagnating in the former two and declining in the latter. Prices improved primarily to compensate for declines in November and December. Demand, however, remained weak in all regions causing analysts to state that companies may find it difficult to raise prices in the coming months should con... |
South Korean producers to initiate cement price hike31 January 2013, Published under Cement NewsLeading cement producers in South Korea are set to initiate a cement price increase from next month in an effort to offset rising production costs. Notification has been sent stating that the prices are to rise from Thursday, 7 February and if they stick the average price will go up from the current 73,600/t (US$68) to 81,000/t won (US$74) A Dongyang Cement official said, "Due to the rise in industrial electricity rates last year in two occasions, our kiln operating cost has increased ... |
Lucky Cement first-half boosted by higher prices, Pakistan29 January 2013, Published under Cement NewsPakistan’s leading cement producer Lucky Cement has recorded a strong rise in profit for the first half of the current fiscal year, driven by higher selling prices. Profit for the first six months of FY12-13 rose 42.15 per cent rise to PKR4.29bn (US$44m). Cement prices during the period rose 13 per cent to PKR465/bag (US$4.76) in the south zone and eight per cent in the north to PKR438. Additional increasing income and declining financial charges supported the company's bottom-line. G... |
TCL grants contractors waiver on cement hike28 January 2013, Published under Cement NewsTrinidad Cement Ltd (TCL) has granted a 90-day waiver to members of the T&T Contractors' Association (TTCA) on its cement price increase announced at the start of this year, according to local press reports. On 9 January 2013, TCL announced a 9.5 per cent price increaseon ex-factory prices. According to a report in the Guardian Media, TTCA then submitted a proposal to TCL for a temporary waiver on the price hike which has been agreed. Mervyn Chin, TTCA president, said the 90-day waive... |
Holcim raises cement prices in Mauritius25 January 2013, Published under Cement NewsHolcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine... |
Antigua cement prices set to rise23 January 2013, Published under Cement NewsCaricement Antigua Ltd is considering a slight price increase on the back of rising production costs, in a move that follows two other hikes announced in the Caribbean this year. Antonio Garrido who heads the company’s Crabbs operations, told local press: “We are talking about between 50 to 75 cents per bag. He said the increase would be merely “symbolic” taking into account the increased cost at the production level. “The cost of cement has gone up for us by US $15 to $20 per metric ton... |
Nomura cuts China Resources Cement to "reduce"22 January 2013, Published under Cement NewsInvestment bank Nomura has downgraded China Resources Cement (CRC) from "buy" to "reduce" and cut its target price to HK$4 from HK$8.30. The research house sees a further downside to average selling prices (ASP) in CRC's key areas including Guangdong, Shanxi and Yunnan provinces. It also noted excessive new adds in capacity in Guangdong and Shanxi provinces for 2013. Nomura expects South China's ASP to drop at least CNY30/t (US$4.8) in 2013 from current levels to reach the equilibrium of s... |